super energy power

Although Zhang Chao didn't see the company's bidding document, he also had his own understanding of the bidding price of the oil field.At least 60% of the bidding share is a threshold.

1994 was not the era of $100 a barrel of oil.If inflation is taken into account, oil prices in the 90s were cheaper than in the 70s after the oil crisis.It is at this price of oil and the dollar that the Clinton administration has created a long period of economic prosperity, coupled with Lewinsky and his belt problem, this should be the happiest time for Americans, and of course, oil The era of relatively good prices has come. The next time this happens, it will depend on whether shale gas and the economic prosperity index cooperate.

If the price of oil is $100, the oil companies will be able to laugh out their tongues when they get 40% of the profit, let alone 15%, because the cost is so much, and the price rises extremely fast, making 100% in many places. A barrel of oil in US dollars can get a profit of US$80 or even US$90, and the 15% sharing agreement obtained in this way means an income of US$12 or even US$14.

However, even if today's oil companies expect higher oil prices, they have to deal with current oil prices, and current shareholder expectations.In the range of $30 to $10, deduct the $65 to $6 profit and take 15% of the profit out, and many wells may be making less than $[-], which would be much less than the [-]% profit going forward.

Earning $5 or $6 per barrel of oil is, for many companies, about as good as signing a service agreement, given the large upfront development costs and the risks involved.After all, the service agreement is a fixed income per barrel. In the first 21 years of the 10st century, most oil companies were still able to get a service agreement of around US$5 per barrel. Stable in profits.

certainly.The situation in Azerbaijan also has its peculiarities.On the one hand, the cost of oil development here is higher. Onshore oil basically has to be drilled to a depth of more than 3000 meters, and offshore oil is no longer shallow seas below one meter, but continental shelf oil hundreds of meters deep. Therefore, oil exploration The cost will be closer to the dollar.As a result, profits were meager in the first few years of oil production.On the other hand, Azerbaijan has granted concessions for a very long time.Whether it is 30 years or 35 years, it means that this is an asset that continues to appreciate in value.

However, how high the value in the future determines the limit that can be paid now.In Zhang Chao's view, 60% is already a very high amount, and it was somewhat beyond his expectation that it was so easily surpassed by bp.

What made him even more suspicious was, what kind of bidding share would Sioux City set for Dahua Industry?Judging from the bids for the four oil fields announced so far, 60% is obviously less.But is it worth paying more?

Zhang Chao's brain hurts thinking about this question.

He quickly decided to give up this meaningless melancholy, coughed, and began to record in his notes.

The celebrations of bp, Total, and more than a dozen other companies also ended quickly, making the conference hall slowly quiet down.

It is different from the group of four companies formed by Dahua Industry. When bp bids for different oil blocks, it will choose different companies to form a company group.This method is naturally more time-consuming and energy-consuming than a fixed company group, but if the correct choice is made according to local conditions, the probability of successful bidding will also increase.

At least one point, a fixed company group such as Dahua Industrial.It will not be like bp, get 3 oil fields in a row.

Aliyev will not do this, either for economic or political considerations.

After another half an hour, the conference hall began to provide free breakfast, two slices of Western-style bread, two slices of ham or bacon, and a cup of coffee.

Not many things.But all served piping hot.

Su Cheng took a mouthful of bread and ham, and a mouthful of coffee, and it took only 2 minutes to swallow all the food on the plate.

Zhang Chao couldn't help laughing and said, "Su Dong has a really good appetite."

"There is no supper, and if you don't have a good breakfast, I'm afraid it won't be until noon." Su Cheng warmed his hands with coffee, showing a sleepy look after eating.

Looking at his expression, Zhang Chao asked curiously, "We'll be reaching No. 6 oil block soon, are you really not worried?"

Su Cheng glared at him and said, "Why aren't you worried? I'm not here to stabilize morale."

"Ah?" Zhang Chao never dreamed that it was the answer.

Qin Yun beside him also put down the bread in his hand in astonishment: "Su Dong!"

Xiaopang showed his head smartly and said: "I know, just like Xie An in the Eastern Jin Dynasty, he was very excited, and he pretended to be calm, and broke the clogs with his last kick."

"It's the teeth of clogs." Qin Yun corrected.

Xiaopang slapped his forehead and said, "So...is that how Toothless got here?"

Su Cheng coughed fiercely, and slapped Xiaopang on the forehead again with a "slap", and said, "I think you don't want teeth anymore."

"It hurts..." Xiaopang covered the red spot, and said with nostalgia: "Hey... Master, you haven't hit me for a long time."

"Snapped!"

This time it was Qin Yun who beat her. At the same time, she twisted Xiaopang's ears, and said bitterly: "You spineless guy, don't you feel uncomfortable if you don't get beaten—"

"Of course not, I'm just saying...Look, that microphone is back." Fatty took advantage of little Aliyev and averted his gaze.

Qin Yun and the others really cast their gazes forward.

Little Aliyev said with a blank expression: "The final result of the No. 14.1 oil field has come out. After the evaluation of the President, the company that finally won the bid was Chevron. The basic share increased by 4500%, and the contract bonus increased by 3 million US dollars. The exploration time is 35 years, and the concession period is [-] years..."

Zhang Chaoda opened his mouth and couldn't close it. The 14.1% increase in the basic share means that after obtaining an oil field of more than 1000 million barrels, 64.1% of the profits will be handed over to the oil-producing countries.

Of course, this number cannot be said to be an unprecedented number, but it is almost the limit of the share that Zhang Chao believes.

Beyond this limit, the profits of oil companies will be greatly reduced.Judging from the analysis of the various assessment groups, they believe that such high share indicators will appear in the two best-performing oil fields, No. 8 and No. 11.

No. 5 oil block, it does not give much information to the company, therefore, the risk borne by the company is much greater.If it really only gets an oil field with tens of millions of barrels, plus a contract amount of 6500 million, Chevron will definitely suffer a huge loss.

"Chevron is crazy." Zhang Chao commented without hesitation.

Qin Yun made a quick calculation and said, "They must have given the No. 5 oil block a high valuation. This is an offshore oil field, right? What's the activation index?"

"US$4500." Zhang Chao replied.

The activation index is a parameter for the amount of investment required for a new oil well, usually expressed in dollars per barrel per day at a steady production rate.

An activation index of US$4500 means that it costs US$100 to drill a well with a daily output of 45 barrels.

An oil region with an annual output of 1000 million barrels means a daily output of more than 3 barrels.Based on Azerbaijan's activation index, at least $1.3 million is needed.

Coupled with the 6500 million signing bonus, it means that Chevron is ready to invest close to 2 million US dollars before seeing the turbulent oil tide.This has not yet calculated the cost of their promise to Aliyev.

In fact, if there is really only 1000 million barrels of production, it will not be easy for Chevron to see profits within ten years.

Qin Yun therefore made a judgment and said: "At least 2500 million barrels are required. They must have judged that the No. 5 oil block has a production capacity of more than 2500 million barrels."

The production capacity of 2500 million barrels means that the development cost will exceed 3.25 million, and the total cost on the surface will exceed 4 million US dollars.

Zhang Chao couldn't help shaking his head, and said: "There is no need to come up with such a high basic share ratio. An 11% increase is more than enough. Who would ask such a high price to compete with them?"

As soon as he finished speaking, members of the Shell bidding team raised their hands and shouted: "We have a problem."

"What?" Little Aliyev, who was about to sit down, didn't seem surprised.

The representative of Shell picked up the outline discussed by several people just now, and said: "In the bid we submitted to your country, the basic share increase that we are willing to bear is 14.2%, and the increase in the signing bonus is 4000 million US dollars. We request a reconsideration."

"I see." Little Aliyev nodded, and also pulled out a piece of paper from the bottom, reading: "Since the added value of the basic share of the two parties is similar, and the added value of the signing bonus of the Chevron bidding group is more, in Azerbaijan In the initial stage of construction, we believe that this amount of money is more beneficial to the country. In addition, the Chevron bidding group has a clear time allocation for oil field construction and plans to build supporting refineries. Therefore, we finally believe that the No. 5 It is more beneficial to the interests of Azerbaijan if the oil block is handed over to Chevron for development..."

The value of the bids of the two parties is close, and the power will belong to the Azerbaijan government. Regarding this point, the representatives of Shell also expected it.He argued for a few words, and finally died down. In the eyes of other companies, this just proved that the public relations behind Shell were not good enough.

Zhang Chao was dumbfounded, and muttered to himself: "Shell actually paid 14.2%... Can this still make money?"

"With so many companies, many people think about getting the oil block first." Qin Yun glanced at Su Cheng and asked sincerely: "Can we do it?"

"Look." Su Cheng was also a little emotional.If he hadn't made so many preparations, he might have plunged into this bottomless pit.

Probably in order to avoid too much discussion of the "government judgment" just now by various companies, Aliyev Jr. quickly presented the results of the No. 6 oil field and said, "I am now announcing the company that has obtained the No. [-] oil block..."

With a "wow", at least a hundred people sat up straight in front of them.

...(To be continued. If you like this work, you are welcome to vote for recommendations and monthly tickets. Your support is my biggest motivation..)