Manufacturing Empire in the Valley

Chapter 1450 Failed Oil Exploration

Laying's bodyguards stood guard around the table. Although Niu Xiaoqiang was not used to being surrounded by people drinking coffee, he couldn't say anything.

Laying added some sugar to her coffee, and while stirring with a spoon, she pretended to ask curiously, "Niu Xiaoqiang, why did you scare Yamazaki like that just now?"

Niu Xiaoqiang laughed and laughed: "A friend of mine happened to know Hayao Yamazaki, and Hayao Yamazaki happened to be more afraid of him, so he was scared like that."

La Ying let out an oh, and continued to stir the coffee.

Niu Xiaoqiang asked: "La Ying, why did you and your brother come here today?"

This is what Laying was waiting for, she sighed helplessly: "Speaking of which, we are also very helpless."

Niu Xiaoqiang asked curiously, "Can you tell me what's going on?"

Laying nodded slightly, sighed and then spoke.

More than a year ago, Laying’s father met a prince from Tesha while attending an international business conference. Originally, Laying’s father just wanted to make more friends. It is equivalent to an extra road, which may come in handy when the situation is right.

It was a coincidence that after the two of them communicated, they suddenly discovered that they were university alumni at the same level, but they had never known each other because of their different majors.

With the relationship of alumni at the same level, the two unconsciously feel that each other is very close, and they have become very good friends after going back and forth.

After the international business meeting, the two returned to their respective countries, but still maintained a very good personal friendship.

Ten months ago, Laying's father had a small gathering with another close friend. During the gathering, he learned that this friend was participating in a tender organized by the Tesha government.

The subject of the tender is the right to explore and exploit oil fields. Tesha’s oil is world-renowned and its reserves are amazing. As long as an oil field is discovered, it is equivalent to owning dozens of money printing machines that work 24 hours a day machine.

After hearing what this friend said, Laying's father couldn't help but be moved.Firstly, the development of their family's industry has almost come to an end. If they can find a new profit growth point, it will definitely be a great thing for the family.

Secondly, La Ying's father happened to have established a relatively good personal relationship with the prince of Tesha. As the saying goes, if you are close to the water, you get the moon first. Since you have this kind of innate advantage, it would be too wasteful if you don't make use of it.

The more Laying's father thought about it, the more he felt that he could not miss this opportunity, and soon he made a decision: he immediately organized a delegation to participate in the bidding conference in Tesha.

After listening to his idea, other members of the family felt that it was very feasible, so with everyone's efforts, La Ying's father formed a large-scale team in less than two months. Went to Tesha.

The follow-up progress of the matter was as smooth as everyone expected. With the help of Prince Tesha, Laying's father won the right to explore and exploit oil in an area in the bidding with many international energy giants. This is not easy matter.

You must know that the companies participating in the bidding at that time were basically well-funded, and the one with the least assets had a scale of nearly tens of billions of dollars.Although Laying's family is also very rich, there is still a gap between these giant-level companies.

After the successful bidding, the whole family of La Ying was excited for a while, and then everyone immediately took action to prepare for the next work.

With the joint efforts of everyone, Laying's family spent a huge sum of money to set up two exploration teams in only one and a half months, and immediately let the two teams start working at the same time.

In everyone's opinion, isn't it easy and simple to explore for oil in Tesar, which is full of oil?But what everyone didn't expect was that in the next four months, the two exploration teams changed six exploration points in a row, but they didn't even find any oil stars.

This time Laying's entire family panicked.In order to participate in this bidding, they took out [-] million U.S. dollars as a deposit, and this money is still in the hands of the Tesha government. The Saudi government directly confiscated it.

Some people may think that this regulation is unreasonable, but in the ultra-high-profit industry of oil, if you want to obtain huge profits, you must take huge risks.Once you are successful, you can lie down and make a lot of money. Once you fail, then sorry, you can only leave in despair.

The deposit is only one aspect, and the huge expenditure on exploration is also very astonishing.

Hire a professional exploration team to help you work. No matter whether they find oil or not, you have to pay them high wages. The rent of exploration equipment is also very amazing. If you add the material loss during the exploration process, the required The value for money is an astronomical figure.

In just four months, La Ying's family spent a total of nearly [-] million US dollars in cash on exploration, which shows that the oil business is really not something everyone can afford.

This is not a big deal, what really panicked the Laying family was the prospecting deadline.According to the stipulations of the bidding contract, no matter who wins the bidding, his exploration period is only ten months. After this time, the Tesha government will withdraw your exploration qualification free of charge, and then submit this index to the next bidding conference. to others.

It has been more than six months since the Laying family obtained the exploration qualification, and they will lose their exploration qualification in less than four months, which means that the family has invested nearly [-] million U.S. dollars. Everything will be in vain, can the whole family not panic?
The total assets of La Ying's family are nearly 20 billion US dollars, but most of them belong to real estate, and the cash is only about [-] million US dollars.

This is considered a very large cash flow in general enterprises.It's a pity that La Ying's father was obsessed with ghosts and insisted on getting into the oil industry with a feverish mind.

In the oil industry, let alone a cash flow of 50 million U.S. dollars, even if it has a cash flow of [-] billion U.S. dollars, it is not very safe.There used to be many very large companies, because of their overconfidence, they eventually fell into the sand in the oil industry, and some even faced the risk of bankruptcy, and were directly acquired by those giants in the end.

The particularity of the oil industry determines that only those giants can play in this industry.

(End of this chapter)