Chapter 360: Waiver of Compensation
Alixse clapped his hands and laughed, happy like a resurrected pig's head, and was about to sign a contract on the spot.
Li Zhengfu advised: "The agreement of racing exploration needs to be carefully considered, please allow us to discuss it." ”
Alixse was reluctant to say, "We can negotiate the main framework now." ”
He wanted to take advantage of the people around him. Alixe himself understands that if it weren't for the sake of attracting other Russian companies, the two Asian companies would never have signed a racing contract. They would rather abandon this extremely costly and risky approach.
However, the benefits of the racing contract for Alixe are clear. Even if Dahua Industrial's speed is faster, with the addition of a consortium of Singapore and Malaysia and Ito Trading, the exploration of his oil fields will only be faster. If you're lucky, you might be able to produce oil in just a few months.
For these gentlemen, who have just been transformed from high-ranking Soviet officials into wealthy Russian businessmen, there is nothing more valuable than "fast". If he gets $1 a minute earlier, he may be able to buy $10,000 more worth of state assets. The future is chaotic, just like the future of Russia, so they don't mind overdrawing the future in order to be able to make money early.
Again, this first-mover advantage will also motivate other Russian businessmen to choose oil service companies as soon as possible. Perhaps, without waiting for the oil field in Alixe, a decisive advantage can bring a considerable number of orders.
The watchful eyes of the Russians around him also prove this.
Both Su Cheng and Lee Jung-fu realized the situation they were facing and made a decision in an instant. They all said, "Okay." ”
Aliksei immediately said: "I think the labor contract is more appropriate, how about 2 dollars per barrel?"
The labor contract is a payment to the technical service company for each barrel of oil extracted. Over time, the price of oil increased, and the strength of oil-producing countries reached the year 2000 and beyond. Labor contracts have gradually become the mainstream of international oil contracts. For example, the contract that Sioux City got in the Setan oil field in the United Arab Emirates became extinct in the 90s, and even more so after 2000. This was the main reason why Sioux City struggled to acquire the Setan oil field that year.
However, in the early 90s, labor contracts were not yet in vogue. Two dollars is also the price of cabbage in the price of cabbage.
Su Cheng said without hesitation: "Regardless of the price, Dahua Industrial only signs a sharing contract." ”
Royalty contracts are based on the price of oil, a percentage of revenue, and are contracts that international oil companies strive to obtain.
Of course, the international predators are all mothers who have milk, and they only get more milk because they obey the rules. An energy technology service company like Haliburton, because of its big business, will eventually sign a labor contract for a large oil field. Dahua Industrial, on the other hand, is limited in that the total number of contracts it can accept is itself limited. Instead of making small profits and quick turnover, it is better to make more money.
In terms of making money, Li Zhengfu has the same interests as him, and he also said: "Xinma Company also prefers to share contracts. ”
"The interest and royalty contracts of financing will drain me. "Alixe, a bit of a whining smack.
Su Cheng smiled and said, "We can negotiate a financing method that benefits both parties. ”
"Su Dong promised me. Can be a billionaire. How to be a billionaire ...... with a share contract" Alexiro rambled.
This time, Lee Masao, Ito Noshishige, and Sioux City had no intention of backing down.
What Alixese didn't realize was that the price of his oil field would invisibly become the technical guide price of other oil fields. Therefore, the other party would rather drag on. Nor will they easily agree to his conditions.
A few points by point, they quickly tended to be professional, which made Alixse a little unbearable. The Russians around were also extremely bored to watch.
However, this is a contract involving hundreds of millions of dollars, which is not meant to be fun, and everyone can only endure it no matter how boring they are, and they have to use their brains and think carefully.
Behind them, a raging flame burned in the sky.
There are people running around all the time, bringing the latest news and the latest instructions from the top.
Some black stains flew in the sky, and accidentally landed on the fine fur, and the bare forehead became dirty. All people's sense of sight and smell is useless,
But no one cares.
They talked from the wee hours of the morning to the morning, and then continued the conversation while eating brunch while undressing.
After the fur was taken off into a windbreaker and the windbreaker was taken off into a sweater, a group of people began to drink a lot of coffee to keep warm, and then put on a windbreaker and change into a fur. At this time, the sun was already setting.
It wasn't until it was cold outside that the three parties reached a reluctant agreement.
If the race fails, Singapore and Malaysia and Ito will forgo exploration compensation, provide financing, and receive a 15% share of oil revenue for 15 years.
Dahua Industrial in Sioux City also waived exploration compensation and provided financing, but for the first three years
Choose a $3 per barrel stone labor contract and receive a 15% share of the oil for 13 years.
In other words, one of the two sides will surely lose tens of millions or even hundreds of millions of dollars in exploration costs. It is equivalent to the winner takes all, but the loser has nothing to lose.
Lee Jung-fu is just a vice president, and he can't help but sweat on his hands when he makes such a big decision. When I finally signed the memorandum, I trembled slightly.
Nobuyoge Ito and Sioux City were slightly better, but they both looked nervous.
The simple signing ceremony was completed, and the exploration area was marked on the map.
Li Zhengfu was able to relax and sneered at Su Cheng: "Su Dong really likes to gamble. A 3-year oil labor contract is a lot less than a 15% share contract, and you are betting on the rise in oil prices...... I don't know if the extra 1 year of oil sharing contract in the end will allow you to make up for the loss. ”
"If the price of oil rises sharply, the board of directors of the Singapore and Malaysia Group knows that you have given up a huge amount of income for the sake of small profits, and I don't know if they will quit you. That's right. You won't get this contract anyway......" Su Cheng fought back and scolded: I'm not gambling, I just know.
Li Zhengfu snorted and said: "Russia will produce a large amount of crude oil in the next few years, and it is certain that oil prices will remain stable and fall." In 15 years' time, the price of oil may be much higher than it is now, but so what, the difference in the first few years and inflation itself will be enough for you. ”
In the first half of the 90s, the international oil price was indeed weak, and once bottomed out to $20. This is also one of the reasons for the sluggish economy in Russia. It was not until the Clinton era in the late 90s, when the world economy recovered strongly, that the high price of oil was created and uncontrollable, and by the way, Putin, who came to power in 2000, was cheaper.
Su Cheng would not discuss these with Li Zhengfu, and said with a faint smile: "You don't care about the price of oil, I am happy to earn more or less." ”
If the oil field contract in Alixe becomes a guide price, Dahua Industrial may be able to obtain a stable and strong cash flow, which will be a lot more than one or two hundred million dollars in a few years.
However, as vice president, Li Zhengfu is also understandably inclined to the benefits of the early stage. Even if he knows that the price of oil will be higher in the future, he will have some inclinations out of self-interest. Because 15 years later, Sioux City will still own Dahua Industrial, but Li Zhengfu will not necessarily belong to the Xinma Group.
Before leaving, Li Zhengfu said with a smile: "I want to see how you can win the Xinma Group in the racing exploration." By the way, I have received the full support of the Board of Directors. ”
The fact that the Singapore and Malaysia Group has the full support of the Board of Directors means that it has the support of both governments, which is a key element in the international oil race.
Nobuyiga Ito also said in a sighing tone: "Ito Trading Company will also fully support the exploration of the Kuwak oil field." ”
Ito Trading is a Fortune 500 company, and like most Japanese trading companies, they have a very wide range of businesses, but their core business is often small, and fully supporting oil field exploration means skewing resources. Naturally, it will not be good news for Dahua.
Su Cheng smiled slightly, waved his hand and left.
Racing exploration has been established, and the result will be more important than the process.
……
Aliksey has the exploration rights of the Kuvak region, which is three times the size of the Skol oil field, with 12,000 square kilometers, which is larger than the area of an ordinary prefecture-level city in China, but less than one percent of the 1.5 million square kilometers of the Tyumen oil area.
The distance between the two is not too far, but the road conditions are so bad that it can be said that there is almost no road access. The roads run over by the off-road vehicles are muddy, and cars get stuck in them almost every few kilometers.
In an oil field like this, even if preliminary exploration is done, there is no way to drill immediately, and it is not realistic to rely on helicopters to transport equipment.
The helicopter ride was also unpleasant, the stupid black and coarse equipment leaked everywhere, the cold air poured into it, and the unique turbulence of military aircraft was disgusting. Chubby was uncomfortable with airsickness, and complained stupidly: "You see how comfortable the oil companies of European and American countries are, directly contracting the ready-made oil fields in Russia." The road ten people wide drove over flatly, and after receiving the oil field equipment, they started drilling, and they got as much oil as they could. The Russians couldn't find out if they wanted to. How did you come to us and still engage in exploration? It's so unfair. ”
Su Cheng, as the master, had no obligation to explain, and said lightly through the earphones: "It's not fair? Do you know why some people sit in the helicopter and bumble, and some people are tied to the outside of the helicopter and jolt?"
"Somebody tied up outside the helicopter. Chubby laughed.
Su Cheng also smiled: "European and American oil companies have also fought hard for half a century to have their current status and strength." Those who don't want to fight and make noise will be thrown out of the bumpy car and sit on the bumpy luggage rack. ”
Chubby was silent.