Chapter 565 Petrobras Bidding (Medium)

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"I haven't found a big oil field in the first place, so if I don't make the concession period longer, how can we attract investment from oil giants?" Guo Shouyun said with a smile.

Rebecca nodded, "Boss, the bidding for block two is about to begin." ”

In fact, there is no need for him to remind him, Guo Shouyun has already noticed it.

Including him, after the bidding for Block 1 was completed, the staff of all the oil majors present instantly stared at the big screen with wide eyes.

Even Guo Shouyun, who was more just watching the excitement, felt the tense atmosphere in the hall and heard the increasingly rapid breathing around him. Obviously, with the launch of the big hit, this oil block auction is about to meet the first climax.

"I announce the official start of the bidding for Block 2...!"

As soon as Roberto Muric's words fell, he saw the red font on the big screen in the middle flashing as if a flash was flashing semi-fast, so fast that people couldn't see it clearly.

After about half a minute, everyone clearly saw: Statoil, $18 million in signing fees, $60 million in minimum obligation input, and 43% localized procurement ratio.

But Statoil's conditions did not last long and were replaced by Repsol Petroleum. Spain's largest oil company quoted a $20 million signing fee, a $63 million minimum commitment, and the same 43% localized procurement ratio.

It's a pity that Repsol is strong, but it is still a lot worse than ExxonMobil, Shell, BP, Dorda, Chevron Texaco and other real multinational oil giants.

However, there is only one daughter to be married, but there are many Langjun who want to pursue. As a result, the slightly weaker Chevron, Texaco and Dorda, were out of the tournament one after another, and then Shell was also out.

In the end, ExxonMobil and BP were left competing with each other.

"That's it!"

Guo Shouyun pursed the corners of his mouth and said calmly.

"Boss, do you really want to join?" Rebecca Mark hesitated.

Now the price of the No. 2 oil block has been raised by these oil giants to a staggering level of $45 million in signing fees and $86 million in minimum obligations. It's localized procurement, and everyone tacitly doesn't add much. At the moment, BP's offer is only 1.5% more than that of the Norwegians. Because everyone is aware of the level of the domestic oil industry in Brazil. If the report is too high, it is easy to slow down the exploration progress and increase the cost.

"Join. Guo Shouyun nodded affirmatively, "Although there are some risks, after all, there are still ExxonMobil and BP." ”

"$22 million in signing fees, $65 million in minimum obligation input, 43% localized procurement ratio. ”

Hearing the big boss's words, the Unocal employee in charge of bidding hurriedly entered his request into the computer, which was soon revealed on the big screen in the center.

"Unocal...!"

"Finally do it!"

At this moment, whether they know or not, almost everyone focuses on Guo Shouyun and the Unocal employees around him.

"There's going to be a good show!" said John Watson with a smile.

Instead of his gloating, ExxonMobil COO Paul Stevenson and BP Oil Senior Vice President Devon Johnson's brows furrowed at the same time.

No one wants to kill a Cheng bite gold halfway when they are getting closer and closer to their final goal. The most important thing is that this guy has just raised almost $15 billion, which is not bad money at all.

"Davin, shall we add more?"

"Plus!"

In the face of his colleague's inquiry, Devin Johnson nodded affirmatively. In the No. 2 oil block, BP is bound to win. But ExxonMobil's men were ahead of them.

"$23 million in signing fees, $66 million in minimum obligation input, 43% localized procurement ratio. ”

In terms of the current state of oil development in Brazil, this investment is actually very high. So when everyone is competing, no one will be stupid to add millions at once.

"Boss, do we have any more?" asked Rebecca again.

"Plus! at least one more round. But this time it's half a million dollars!"

After Guo Shouyun disrupted the game twice, BP still held on to the end.

"$30 million signing fee, $78 million minimum obligation investment, 43.3% localization procurement ratio. Congratulations to BP Oil for the next three years of exploration and a 35-year concession for Block 2. ”

Hearing this, Devon Johnson finally showed a relieved smile on his face. Although the price was a little higher than previously expected, the good news was that the results were quite satisfactory.

"It's not his style to give up after only two rounds!"

Looking at the tall back in front of him, John Watson frowned. He couldn't guess Guo Shouyun's plan.

"I didn't expect BP to hold out until the end. ”

Guo Shouyun smiled, "Compared to Block 2, Block 6 is more popular. Apparently this is what Exxon Mobil really wants. That's right, Rebecca. What is the activation index of shallow sea oil fields in Brazil?"

"$3,200!"

The Activation Index is a measure of the amount of investment required for a new well, usually expressed in terms of the number of dollars per barrel per day at steady production.

An activation index of $3,200 means that it would cost $320,000 to drill a well producing 100 barrels per day.

The oil area with an annual output of 10 million barrels means that the daily output is more than 27,000 barrels. Based on the activation index of Brazil's offshore oil fields, at least US$86.4 million is required.

If you count the $30 million signing fee, it means that BP has to pay at least $116 million in cash before it can see the black gold flowing. If the political cost is taken into account, the total cost of BP's acquisition of Well 2 is nearly $120 million.

The current international oil price is about $40 per barrel. And the profit of oil companies is about 10~15%. That is to say, for every barrel of oil sold, after deducting a series of necessary expenses such as income tax and mining tax of the Brazilian government, BP can get a net income of 4~6 US dollars per barrel.

That is, with an annual production of 10 million barrels, it will take at least three years for BP to pay for itself.

But offshore oil extraction is more troublesome than onshore. It is assumed that BP can find oil in Block 2 within three years. Usually within three years of the start of construction, the oil companies have little to no gain. If all goes well, the sixth or seventh year will pay off handsomely. This means that it will take at least eight to nine years for BP to pay for itself. If the interest on bank loans is calculated, this figure will continue to extend a little further back.

The most important thing is that if there is oil in Exploration 2, it must have reserves of at least 100 million barrels, otherwise it will be difficult for BP to even recover its costs.

"It seems that the BP folks have concluded that there is at least one large field under Block 2 that has reserves comparable to that of Alma, or larger. ”

Rebecca nodded, "What does the boss think?"

"I'm not God!" Guo Shouyun shrugged.

Looking at his appearance, the corners of Rebecca's mouth couldn't help but pull. You're not God, why are you biting on just three blocks of the ultra-deep sea zone?

Of course, if you want to think about it, just forget it. She had already put forward countless opinions with Guo Shouyun before participating in the bidding. But still can't change this stubborn boss. So now, she doesn't bother to bother with more words. Of course, Rebecca's strong personality is also after seeing the countless magical moments of the big boss, and some subconscious admiration for him in my heart will choose to obey. Otherwise, Guo Shouyun's ears would not be as clean as they are now.

This was followed by the Block 3 bid.

The consortium led by Dorda won the block with '$18 million in signing fees, $65.3 million in minimum obligation input, and a 42.1% localization procurement ratio'.

Chevron-Texaco won the exploration and development rights of Block 4 with a '$17.5 million signing fee, $71 million minimum obligation, and a 42.2% localized procurement ratio'.

Senco Energy, EOG, Chesapeake Energy and Apache, four U.S. and Canadian oil companies, jointly won the exploration and development rights of Block 5 for a '$16.5 million signing fee, $55 million minimum obligation, and a 41.2% localized procurement ratio'.

"Next up is the bidding for Block 6!"

Roberto Muric's voice once again mobilized everyone's attention and passion.

Looking at the excited representatives of the oil company, Guo Shouyun smiled and said, "This is the well-known fat meat!"

After a pause, he thought briefly for a moment and then quickly said, "Rebecca, this time we will participate in the whole process!"

"Involved in the whole process?"

"Well, if you want people to believe it, you have to act like it. ”

"So when are we going to give up?"

"Until the last few rounds, of course. ”

Rebecca Mark frowned slightly and nodded in agreement.

The competition in Block 6 is particularly fierce, with a consortium of small and medium-sized companies being the first to exit. The fattest meat, naturally, is the prey of international oil giants.

ExxonMobil, BP, Dorda, Chevron Texaco, Shell, and Unocal quickly set new bidding records with alternating price increases.

"Mr. Zhang, this time is really an eye-opener. ”

Liu Xuefeng looked at the fierce 'battle situation' in front of him and sighed.

"It's nothing, it was fierce last year when the international oil giants competed for the right to develop the Kashagan oil block in Kazakhstan. The signing fee alone starts at more than $50 million. ExxonMobil, which won the bid, paid $102 million in signing fees. In contrast, it's only now. ”

After a pause, Zhao Junchen, who was the head of CNOOC's participation in the Petrobras tender, was unwilling to say: "It's a pity that we have limited power in our hands. I have a lot of connections in Brazil that are far behind these oil giants, otherwise I would really want to compete with them for Block 6. ”

Having said that, everyone understands that it is not his connections that really restricts him, but the special personnel system of state-owned enterprises.

Do more wrong, do less wrong. The investment in offshore oil field development is so high, if the oil field is not found, causing huge losses, who is responsible for this?

You must know that although China's foreign exchange is not as scarce as in the last century, it cannot be spent indiscriminately.

In addition, oil bidding information is changing rapidly, and any unexpected situation may occur. Wait until the people on the scene transmit the news back to China, and the decision-makers will discuss and give their opinions, and then send it back. At this efficiency, the cucumber dishes are cold.

Therefore, in this era, the vast majority of Huaxia Petroleum companies going overseas are mainly to acquire those ready-made oil companies to obtain stable oil reserves. Although it costs a little more money, it is better to be safe and stable.

It was only after the subprime mortgage crisis that China had too many US dollar reserves and accumulated some experience in international development that it began to truly enter the field of high-risk and high-return international oil development.