Chapter 120 Investment in Petroleum Development

After Sun Feng chatted with Su Mei for a while, he asked her to deal with the matter at hand, and he took a general notebook, came to his office, hugged Yang Xue, and used the notebook to browse the recent Canadian business information on minerals.

If it was before, where would Sun Feng browse this information, but since he opened a company and started a business, he often pays attention to this news, after all, he is also in this business.

Sun Feng sat on the comfortable boss's chair, Yang Xue sat on Sun Feng's lap, Sun Feng browsed the information, and Yang Xue picked up the fruit on the table from time to time to feed Sun Feng, which felt cool and crooked.

"You goblin, your ass has been getting a lot more warped lately." Sun Feng smiled and leaned into Yang Xue's ear and whispered.

"Recently, I have been doing a lot of time, and I often travel in the morning." Yang Xue hugged Sun Feng's neck and exhaled like an orchid.

"Hehe, no wonder, then I'll give you a good check-up tonight." Sun Feng asked Yang Xue to stand up, slapped her and said, "Go, make me a cup of coffee." ”

"Yes." Yang Xuejiao responded and twisted her buttocks.

Sun Feng settled down and began to continue browsing the information, with Yang Xue sitting beside him, he couldn't calm down and do things.

Sun Feng browsed for a while, and suddenly a piece of news caught his attention!

"Newfoundland Petroleum Development Tenderers." Sun Feng looked at this eye-catching news, and a light appeared in his eyes! Suddenly, he felt that his plan to enter the oil industry was ahead of schedule! This is a great opportunity right now!

Next, Sun Feng began to look at the detailed news about this bidding chamber in detail.

Newfoundland has detected 2 oil fields in the east and 1 oil field in the west this time, and is currently bidding for investment, and domestic and foreign oil companies are welcome to invest

Sun Feng browsed a lot of information about Canadian oil during this time, and he knew that Newfoundland was indeed a place with oil resources.

Especially in the east, as far as is known, Newfoundland has large oil fields such as Hyperia, Terranova and White Rose, which is an important oil exploration area in the eastern part of Newfoundland, Canada.

At this time, the Canadian government announced the discovery of two more oil fields in the east, which is also a very likely thing. However, Sun Feng's target this time was not the two oil fields in the east of Newfoundland, Sun Feng knew that with his current strength and connections, it was estimated that it would be difficult to win the oil fields over there. Even if you have the money to get it, it is estimated that it will be divided with the Canadian government, that is, investment, rather than independent development. This is not what Sun Feng wants.

Sun Feng's eyes this time are the oil field in western Newfoundland!

He knows that as many as 23 billion barrels of crude oil may have been discovered in the narrow Green Corner shale formations along Newfoundland's western coastline a few years ago, but the oil here is very difficult to extract or it could become the next big oil field in the north. It is very difficult to extract oil from this rugged and broken rock. So in the past few years, although it has been proved that there is oil in the west, no one is willing to exploit it, and no one is willing to invest, but Sun Feng did not expect that now, Newfoundland will come up with an oil field tender!

You know, shale formation oil is unusually difficult to exploit, maybe no one wants to exploit at all, the investment is large, and the risk is large, maybe when the time comes, a small amount of oil is extracted, or oil can not be extracted, then it will be a blood loss!

Hydraulic fracturing is currently required to break up the rock for energy under other shale formations, a controversial method that involves injecting a mixture of water, sand and chemicals into the ground to burst the rock. Hydraulic fracturing allows large amounts of gas and oil to be released from shale rock, but it also poses a safety hazard to groundwater near drilling wells.

Coupled with the fact that each shale region has a different geographical structure, what works for other regions may not be suitable for the western part of Newfoundland! It may need to be adjusted to apply to the special terrain of the Green Corner. The shale structure at Green Corner appears to be thicker than in other parts of North America, and the rocks surrounding the movement of the Earth's tectonic plates have folded.

As a result, the rock layers here have been fractured many times, and once this happens, it is very difficult to drill for oil. In order to extract the energy here, new methods have to be found.

This is also the reason why Sun Feng set the target on the oil field in the west of Newfoundland, Sun Feng believes that this oil field is estimated that no one will win, maybe the tender for the oil field in the west of Newfoundland is the two oil fields in the east by the way, and also want to try the tone of those foreign capital or oil giants to see if they are not interested in the oil sense of the western region.

So far, there has been no scientific conclusion about the viability of the oil beneath the shale of western Newfoundland, because it is too difficult to extract. There is also a lot of oil elsewhere in Canada.

In recent years, due to the lack of funds, Canada has attracted many investments, introducing funds from other countries' oil companies or funds from the world's major oil companies to develop its own oil.

A few years ago, Canada said that due to the lack of sufficient funds to develop oil resources, Canada welcomes foreign funds to join. They will conduct an audit. Canada needs a lot of money to build infrastructure that will allow resources to be developed and brought to market.

So how can those oil giants not exploit where it is good, and how can they run to extract oil under the almost bloody shale?

"I'm sure I should be able to succeed this time!" After reading the information, Sun Feng said secretly in his heart. Just because someone else can't exploit such a difficult oil field doesn't mean he can't exploit it! He has a deep-sea development smart factory, and the development of this oil field should be a comeback!

"As long as I win the right to exploit this oil field, I will make a lot of money this time!" Sun Feng actually thought about it, and if he wanted to do something like the Marr Iron Mine to enter the oil industry, it would be a change of day. The approach is the same as in the Marr Iron Ore Mine, just buy a piece of land, then declare that there is oil here, and then take the right to mine it.

But now that he found this opportunity, he felt that this path might be easier to follow!

When the time comes, you can take the right to exploit this oil field, and you can sell the oil you have extracted in the deep sea. Anyway, when the time comes, Brother Oilfield will have it, as for how much oil there is, don't you have the final say? Don't you allow your own oil fields to have tens of millions of tons or something? Anyway, the current detection of oil stocks is not very accurate.

"In Canada, most mining rights belong to the provincial government, if the company intends to develop a certain piece of land, it needs to submit an intention to the provincial government, and the government will put the land up for auction, and the highest price will be awarded. Hmph, this time, I'm going to take this piece of oil in western Newfoundland! Sun Feng clenched his fists and said.