Hantec. Brown dragged Situ Nan to the Long Beach oil refining base for inspection, first, to let Situ Nan see the growth of Chevron Oil Company, and second, to let Situ Nan know the hidden concerns of Chevron Oil Company.

Follow Hantec. The best way for Brown's plan is for Chevron to increase its presence in Texas and "transfer" some of its oil reserves from its sister company, Occidental Petroleum.

Hantec. Brown is also a shareholder in Occidental Petroleum, and although his stake in Occidental Petroleum is much smaller than his stake in Chevron, he is clear about the company's potential.

Occidental Petroleum is the oil company with the most abundant crude oil reserves in the United States, and according to the current exploitation rate of Occidental Petroleum Company, the crude oil reserves in its hands cannot be exhausted by Occidental Petroleum Company in 100 years.

Knowing that there is still a sea of oil ahead, Handar. Brown immediately couldn't calm down.

didn't wait for himself to say what he thought, Situ Nan gave him a surprise at this time, and drew a big piece of cake, is it easy to fish for oil in the sea?

"In addition to the abundant oil resources on the continental shelf in the Long Beach area, according to the estimate of the Laputt Institute of Geology, this Gulf of Mexico is floating in a sea of oil! Compared to the oil on the seabed, the oil fields that have been discovered in the United States and Mexico are only a very small part of them. ”

Situ Nan said again.

"What do you mean? In the future, we will shift our exploration and exploitation direction to the sea? ”

Hantec. Brown frowned and asked, he understood what Situ Nan meant, but the current technology could not do offshore drilling, and the cost of offshore drilling was much higher, so it might not be able to bear it.

Situ Nan whitened Handa. Brown gave a look, as if to say, "Am I that idiot?" ”

Mentioning offshore oil wells to you just gives you a sense of confidence and prepares in advance. It's just a matter of researching relevant technologies to lay out the future oil market. Once the technology is mature, it will be able to "cut down" those oil fields by taking advantage of the opportunity.

Hantec. Brown was a little embarrassed by Situ Nan and smiled, he was too sensitive.

I also heard Situ Nan explain: "With the current technology, we can build a zuan well level/platform in the offshore sea with a water depth of no more than 10 meters. Yes, it can be done, so let's give it a try and see if there are any oil fields underneath the continental shelf area that I'm talking about. I'm not so optimistic about drilling offshore in full swing, but I think it's great to be able to break through 100 meters of water depth in 20 years. ”

"I see!" Hantec. Brown nodded, isn't it the one who makes a lot of money in a muffled voice, he understands!

In terms of oil exploration. It is important to make a fortune in a muffled voice, especially when your strength is not strong, you must be low-key, and early exposure can only attract more competitors.

If they drill near your wells, the oil under you will be siphoned off by the people next to you, especially the big companies, who can easily drain your oil!

Therefore, the best thing to do is after the discovery of oil. Take control of as much land as you can in the vicinity.

Situ Nan is not afraid of someone competing with Chevron Oil Company at all, and Situ Nan does not expect much profit from offshore drilling. It's more about investing in the future.

Anyway, Chevron Oil Company has a thick foundation and can afford it, and it will first circle the continental shelf off Long Beach, California, and then slowly develop, especially in the southern Gulf of Mexico, which is not inferior to the Middle East in terms of oil richness.

And for the average small oil company and small businessman, drilling offshore is thankless. If you are not careful, you will go bankrupt.

Offshore Drilling Situ Nan and Handar. Brown mentioned it for a moment, without in-depth discussion, and the main purpose of coming today is to inspect Chevron Oil Company's oil pipeline and natural gas pipeline projects.

Chevron built an oil pipeline from Long Beach to Los Angeles a few years ago, transporting oil from the Long Beach oil field to Los Angeles through the pipeline. Supplying 1.3 million citizens and institutions, there are more than 300 gas stations in the greater Los Angeles area, and it can be said that more than half of the oil market in the Los Angeles area is occupied by Chevron Oil Company.

Chevron later built the Los Angeles-San Francisco oil pipeline, which lasted more than 500 kilometers. One in the south and one in the north, with the two major cities of San Francisco and Los Angeles as the core, the establishment of two oil networks in the north and south has basically occupied the oil market in California and even the west coast, and has become the king of oil in the west.

"When we first built the Long Beach to Los Angeles pipeline, it was relatively easy to build a mere 30 or 40 highway and the investment was not large, which gave us a lot of confidence, which was one of the reasons why we later invested in the Los Angeles to San Francisco oil pipeline.

However, the Los Angeles-San Francisco oil pipeline is not so optimistic, not to mention the progress of the project, and it has also seriously overrun, which has almost drained Chevron's liquidity.

We had to borrow money from Wells Fargo and take on nearly $50 million in debt to build the pipeline. ”

Hantec. Brown breathed a sigh of relief, the twists and turns and the pressure he was under could only be known to the person concerned, but fortunately everything was over.

"When did we owe money to the bank? We used to have more money than the banks. ”

Hantec. Brown joked again.

Situ Nan also smiled, in the past few years, the old man has done a lot of things and has been under a lot of pressure, it's not easy!

"It's worth it, isn't it?"

South Szeto Road.

"Of course. Now it's not just Mobil that realizes that it can't compete with us on the West Coast, but the small and medium-sized oil companies along the pipeline have to look at us, and we control not only the crude oil market along the line, but also the commodity oil market, and everybody has to use our pipeline. ”

Hantec. Brown said confidently, his finger drew a vertical line in the air, representing the oil pipeline in the north and south of California, and then his finger turned and drew a circle, and the oil market in California and even the West Coast was wrapped!

After the completion of the oil pipeline, Chevron Oil Company built a natural gas pipeline along the oil pipeline to send unloved natural gas to the city for dye, and the natural gas pipeline from Long Beach to Los Angeles was built first, and Los Angeles families already had natural gas in their homes.

Of course, compared with fuel oil, the use of natural gas is still relatively simple, except for urban households, the main customers are Pacific Watt Power Company and California Steel Company!

Industrial giants such as Giant Chemical are also big customers of natural gas, and it is believed that with the advancement of petrochemical technology. Giant Chemical soon overtook California Steel to become Chevron Oil's second-largest customer of natural gas.

Of course, the number one customer is the power plant!

Pacific Watt Power Company occupies more than 80% of California's electricity market, with an annual installed capacity of 2 million megawatts and a power generation capacity of up to 10 billion kWh, ranking first in the United States and accounting for one-tenth of the country's electricity generation. With annual electricity sales revenue exceeding $100 million, it is estimated that only a state-monopolized power giant like the Tennessee River Authority will be able to surpass it in the future.

Coal shipments from Canada and Nevada are no longer enough to meet the energy needs of power plants, so more efficient natural gas and heavy oil are becoming more and more important at Pacific Watts.

and asked Cummins Electric to research gas turbines with higher power.

Situ Nan was replaced by Handar. Brown's self-confidence was infectious, and he was very happy that this was not only the success of Chevron, but also the success of the Western or William consortium.

Directly reflected in the stock market, Chevron Oil's share price soared, with a market capitalization of more than $1.5 billion! It is second only to Exxon Oil and second in the U.S. oil industry. Mobil Oil has a slightly lower market capitalization, ranking third.

Because Occidental Petroleum is not listed, but with the nearly 2,000-kilometer pipeline built by Occidental Petroleum at its headquarters, the Great Lakes region, and the oil network built in major cities on the East Coast, Wall Street estimates that Occidental Petroleum may surpass Chevron once it goes public. Challenge Exxon Oil.

You can see how important the pipeline network is to energy companies!

Once built. It's like opening a money printing machine, and all the companies involved in the project can make a huge profit from it.

Needless to say, Wells Fargo, the core bank, has benefited from Halliburton Oilfield Management, California Iron and Steel Corporation, Cummins Electric Company, and Pacific Watt Power Company, which participated in the pipeline construction plan.

California Steel received orders for tubular steel, updated equipment, improved technology, and became the world's best manufacturer of tubular tubing for oil pipelines. The pipes produced are not only supplied to sister oil companies, but also sold to oil giants such as Mobil Oil Company and Shell Oil Company, and also exported to oil producing countries such as South China and the Soviet Union.

California Steel is also a user of natural gas, using cheap natural gas to generate electricity and make steel, which greatly reduces costs. Improved technology, went back and continued to research better alloy steels to satisfy the desire for new materials from giants such as Cummins Electric, Chevron Petroleum, Halliburton, and others.

The oil pipeline has played a huge economic role, allowing more oil companies to join, and Halliburton Oilfield Management, as the main project contractor and builder, has been connected to the project price of oil giants such as Mobil and Shell.

Situ Nan privately joked that Halliburton was like Foxconn in the petroleum engineering industry, because of the investment of Rockefeller, Mellon and other consortia, this company is very mixed and can take jobs everywhere.

From the traditional cementing technology, to the advanced drill bits, oil extraction equipment manufacturing, and then to the fashionable pipeline transportation technology, this company has been leading the trend of oil exploitation and transportation technology!

The technical research of offshore drilling also needs to be supported by Halliburton, after all, this is an oilfield solution company with strong technical force and annual revenue of more than 100 million US dollars.

Of course, the Chevron Oil Company must also be the main company, so as not to let the Rockefeller and them also obtain Chevron oil company secrets from Halliburton.

"I feel like I'm climbing the tech tree, layer by layer, ring by ring, cooperating with each other and promoting each other. In Moody's Fitch's credit assessment, almost all of the companies under our consortium are AAA-rated! How jealous are those guys in the east? ”

Situ Nan smirked.

This is another important factor in why Chevron Oil Company can easily get a bank loan to build a pipeline project.

Situ Nan is very aware of the development history and potential of California and the West Coast, so he has spared almost no effort to invest in the three major fields of petroleum energy, aircraft manufacturing, and electronic technology.

Aluminum smelting is an energy-intensive industry that requires a lot of electricity, but Long Beach has abundant and cheap natural gas, Pacific Watt Power, the nation's largest power generation company, and Cummins Electric, the most advanced power generation technology provider, which can provide ample energy.

In addition, there are good transportation conditions, and bauxite can be transported from Nevada and other places inland by rail, or bauxite imported from Canada and South America, and even bauxite or aluminum ingots can be imported from South China and southwest China.

Both Cummins Electric and California Steel (part of Bethlehem) have reserves in aluminum alloy technology, and Cummins-Lincoln Aircraft Company is the largest aircraft manufacturer in the United States.

What he wants to do is nothing more than to concentrate all relevant resources in California and lock in the material supply market for American aircraft manufacturing in advance.

Hantec. Brown didn't care about Situ Nan's aluminum smelting plan, and knew that this plan was very successful, so he laughed and teased Situ Nan: "Alcoa definitely doesn't want to see a competitor in the west, especially you, who are one of the company's major shareholders, become a traitor to Alcoa!" ”

How can Alcoa be missing from this?

Situ Nan smiled: "Andy is also optimistic about this plan, he has long taken a fancy to the aviation market in California!" California's electrical manufacturing industry and machinery manufacturing industry are also developing very fast, and the market demand for aluminum is large, and Alcoa has long been eager to come in and invest! ”

Nanhua and China's aluminum-making industry is developing very fast, and there are still great deficiencies in aluminum alloy technology, but the export of aluminum ingots allows them to gain a lot of markets, and Europe, the United States, and Japan are their export markets.

"Alright! I don't care about your aircraft plans, what I want to tell you is that Chevron Oil's layout on the West Coast has been completed, its expansion has reached its limit, and the next step is to develop externally.

Under the wise guidance of Mr. William, we had to sell our business in China, and we stopped developing the oil business in Southeast Asia, and we lost the opportunity to the American-Chinese oil company, which is really regrettable. ”

Hantec. Brown complained, looking at Situ Nan disapprovingly.

The Asian market is not a big part of Chevron, but it's a fast-growing market! It's a pity to think about.

Fortunately, in recent years, Chevron Oil Company has developed well in the local area, it should be said that it is very good, and the investment in Venezuela has also been reported richly, and there is a sufficient supply of crude oil, and Chevron Oil Company is a relatively dazzling existence among the seven oil sisters.

"The situation in Asia is very complicated, with too many multinationals clustered there, and Chinese local oil companies are growing up, and the competition is becoming more and more fierce, so wouldn't it be better to get out of there and look at a wider market?"

Situ Nan explained.

"So your vast market isn't the sea ahead?" Hantec. Brown asked with a smile, the so-called broad root market is not an excuse, right?

Situ Nan's explanation just now was a bit far-fetched, and he also admitted that he was more partial to Meihua Petroleum and transferred the resources of Chevron Oil to the Meihua Consortium, it is impossible to say that Chevron did not complain in his heart.

In order to appease the resentment of Chevron Oil Company, Situ Nan has turned his attention to the world's energy heart - the Middle East! (To be continued.) )

PS: Spit and drill

Well %

Ping&

platform

It was actually harmonized.