Chapter 603 Insider Trading

Gu Haijian slowly and evenly applied the removed oil droplets to a quartz column with quartz particles and used them for thin-layer chromatography.

There are many ways to determine petroleum components, and the composition of crude oil around the world is also very different. Whether it is gas chromatography, liquid chromatography, mass spectrometry or nuclear magnetic resonance spectroscopy, infrared spectroscopy, etc., they all have their application conditions. In geological research, the most commonly used is the thin

Gu Haijian took it very seriously, writing the quantitative readings of saturated hydrocarbons, aromatic hydrocarbons, colloid, asphalt and the most important sulfur content on paper respectively

This work is meticulous and tedious, which is the opposite of the chaos of celebrating the crowd outside the window.

The first thing that comes out is the sulfur content.

"0.17%, it's really sweet crude oil." Gu Haijian's face lines were rolled up.

Low-sulfur sweet crude oil is a very important resource. In the early days of the oil era, crude oil was mainly used to produce kerosene lighting. High sulfur kerosene will emit an obvious odor in the room, so it cannot be used at all. It was not until a chemist adopted better refining technology that acid crude oil was useful

However, no matter what era, sweet crude oil is always used more widely than acid crude oil. High-grade gasoline, diesel and high-quality aviation fuel can only be produced with sweet crude oil for a long time. Factories that use acid crude oil as raw materials not only have high production costs, but also lag behind sweet crude oil factories.

Until the 21st century, there are still many refineries around the world that can only use sweet crude oil. They would rather buy sweet crude oil at a higher price than buy acid crude oil that is easier to get.

The sulfur content of

0.17% is much lower than that of the 0.5% sweet crude oil standard. It is the standard high-quality sweet crude oil. Correspondingly, crude oil produced in Shengli Oilfield and other places is often ultra-acid crude oil with a sulfur content of more than 2.5%.

The Sertan oil field also produces rare sweet crude oil, but its production and reserves are not equal to that of the super oil field.

Gu Haijian quickly pulled out the reading of the upper oil well for comparison.

0.62% of the sulfur content indicates that the last oil well is also a good oil well, but it is far less than the current one.

"It seems that the second oil field has been found." Gu Haijian took a deep breath and looked at the black fountain in front of him and thought: If there is a production of 30,000 barrels a day, and if there is a production of 10,000 barrels a day, it is estimated that the No. 2 oilfield will be very likely to be another elephant!

I don't know how many people will be jealous and crazy to get two elephants in a single bid.

Gu Haijian looked up and did not go out to report immediately, but continued to compare with other components. What he needs is a perfect [answer] case, and he would rather be slower.

The auxiliary ship started slowly and drove a little farther to avoid the black oil fountain. The sailors bathed with fire hoses and whitewashed all the black people on the ship. Gentlemen who like to be clean go down to the deck to find clothes and change clothes without clothes. They simply take off their coats and still drink on the boat to get rid of the cold.

Whether it is an employee of Dahua Industry or a representative of a non-Dahua company, there is such a reason that the emergence of the No. 2 well is very welcome, and the bold drinking seems to have become a matter of course.

When the wine stored on the ship was exhausted, Gu Haijian, who stayed in the back cabin, finished all the analysis and comparison work and officially issued a test report.

He washed his face with cold water. After waking up, he came to Su Cheng with this report.

Including several representatives of foreign companies, everyone knows Gu Haijian's identity and guesses what he is going to do.

Even the drunken guy now stands firm with the help of his colleagues, looking at the thin report with expectant eyes.

"Su Dong, I have analyzed the No. 1 and No. 2 wells, and the conclusion is as follows." Gu Haijian handed over the report to Su Cheng.

"Let's talk about it." Su Cheng used English and opened the report by himself.

A few pages are full of data and tables, which is very good for Sucheng's appetite.

Gu Haijian was refreshed and also said in English: "The analysis report of No. 1 well was completed three days ago. Compared with the analysis of No. 2 well, I can responsibly conclude that the two oil wells belong to different oil fields and the output of No. 2 well will be more optimistic."

"That is to say, we have found two oil fields now, right?" Su Cheng confirmed a sentence.

Gu Haijian nodded affirmatively, "Absolutely two oil fields."

Su Cheng nodded slightly. The Azijiu oil field itself is composed of three large oil fields, Aseri, Zirag and Zineshiri, and its difficulty and depth have also increased accordingly.

When determining the location of the five drilling platforms, Sucheng considered the orientation of the two oil fields of Aseri and Ziragar. Now, the No. 2 well should have been successfully hit on the edge of the Ziragar oilfield.

As for Zyneshry, it is a deep-water oil field with a relatively remote location. In terms of construction costs, it takes about 5 billion US dollars to 10 billion US dollars to fully develop the Asari and Zirage oil fields, and it is estimated that more to develop the Zyneshri oil field will be needed.

Most of the cost of barrel oil is reflected here. When the exploration is over and the appearance of the Aqijiu oilfield is completely displayed in front of the world, the development cost of tons can completely overwhelm a medium-sized oil company, and it is difficult to persist even if it relies on bank loans.

Dahua Industry also has today's scale. Coupled with the advantages of [China] Corporation, it dares to get involved in this level of offshore oil development.

Several company representatives around listened to their conversation and stayed for a while. Next, Giles of Fina Company grabbed the analysis report and asked, "Have you estimated the reserves?" How many reserves are there in the No. 1 and No. 2 oil fields?

Gu Haijian looked at Sucheng and then replied, "The reserves of No. 1 oilfield are preliminarily determined to be more than 1 billion barrels, and the No. 2 oilfield is not sure yet."

The reserves of No. 1 oilfield are more than 1 billion barrels, but it is not enough to get a near-accurate [answer] case, which can not be completed in a few days. 1 billion barrels is the standard for elephants, which is enough to attract enough attention.

The foreigners around Sucheng, their eyes lit up like cats.

Why did they stay on such a comfortable bumpy ship? Isn't it just to see the production of crude oil?

It doesn't matter if the output of the No. 2 well is uncertain, but it does let them see the potential of this place.

Su Cheng whispered, "Guys, let's talk about something specific."

"Of course, we should talk about specific things." The Spaniard smiled as if he had stuffed a football in his mouth.

Gu Haijian stepped back lightly. His task had been completed and his physical fatigue made him sleepy and wanted to fall to sleep immediately.

Before his consciousness was hazy, Gu Haijian's eyes looked unnaturally at the sea drilling platform.

"Go and see those guys." Gu Haijian recalled several exchanges with the drilling team. Although it was not always so pleasant, the crude oil was indeed drilled below 3,000 meters. At this point alone, he should admire the persistence and self-confidence of the drilling captain.

Not every drilling captain has such self-confidence and courage. The so-called oil huā, many times, is like a spoonful of oil poured into a river, blinking or turning around will leak out. It's not surprising to see the oil huā. What's rare is that I firmly believe that I haven't seen the oil huā.

That means that Li Hu has been strictly following the rules and monitoring the drilling well. It sounds easy, but Gu Haijian, who is familiar with marine drilling, knows that there are only a few drilling captains who can do this.

Science comes from the observation and recording of objective things. Gu Haijian feels that it is necessary to meet the confident and persistent drilling leader.

He greeted the sailor and asked to arrange a boat to go to the drilling platform. At the same time, a woman with a hand-held camera also appeared beside him.

"I'm Jin Huiyuan from Dahua Public Relations Department. I'm going to interview Captain Li Hu." Women wear overalls and stuff their long hair into helmets, which is much more neutral, but it is still completely different from the rough men commonly seen on the sea.

Gu Haijian's mood suddenly became strange.

In the cabin, representatives of various companies began to argue about the funds raised and the time of launch.

As little money as possible and the fastest possible operation speed can naturally reduce risks as much as possible, but it is also likely to reduce returns.

Although everyone wants to make money, they may have to invest 100 million yuan or more to earn 10 million yuan in futures trading. Although leverage can be used, leverage also means amplifying risk.

In the game of risk and return, even insider trading can't be said to be 100% stable. The company's overall small size, British Global Oil, Fina France and American SIG Petro, all hope to control the use of funds within 100 million US dollars.

In the case of leverage, it is not impossible to earn 20 to 30 million with 100 million US dollars. After all, there will be a double gain of one in and one out.

However, from the perspective of Sucheng, it is not easy to encounter a century of oil fields. If the investment is only a few hundred million US dollars, it is really meaningless. Moreover, the amount of money is far from enough to affect oil prices. At most, with the ups and downs of oil storms, it will earn some tolls.

"The investment of $500 million is the smallest, and you have to accept 50 times the leverage." Su Cheng quickly said his request.

Kangle, president of British Global Corporation, immediately shook his head: "It's just two oilfields. It's still too much to invest 500 million US dollars now. The most important thing is that the two oilfields have not been put into production yet"

"This is just the beginning of a series of oil fields. The premise of our operation is that the Aqijiu oil field will be a great oil field. I don't mean 1 billion barrels or 2 billion barrels of reserves, but at least 10 billion barrels of production. You have now seen at least 1 billion barrels. I believe that in a few days, you can see 2 billion barrels or even 3 billion barrels. If you wait any longer, there are at least 5 billion barrels of the two oil fields found now. Nothing can hit the market more than the excess crude oil.

"Anyway, I still haven't seen 5 billion barrels of reserves."

"If the reserves of 5 billion barrels are announced, won't the money we earn be reduced?"

Kangle was somewhat persuaded and asked, "Does Su Dong really have the confidence to see the reserves of 10 billion barrels?"

"I said this when there was no oil well. You don't believe it. Now there are 1 billion barrels. You can't believe it. It seems that gaining trust is really a major project." Su Cheng laughed out loud.

"Eput is the real focus." The representative of Repsol in Spain has always been very active. He showed his front teeth and said with a smile, "The current output is 100,000 barrels per day. It is not a problem to open a few more oil wells and break through the 200,000 barrels per day. If it breaks through 300,000 barrels per day, it will be great."

With this said, several people had something strange in their hearts.

Price changes in oil spot and futures are often determined by the 1% change in production. Because oil storage is not easy, and the scale is very large. The production of 300,000 barrels per day means 40,000 tons per day. If a large oil storage tank is built, the floor space is not small. On the other hand, it is not easy for oil to increase production or reduce demand. It is impossible for oil refineries and chemical plants not to produce one day, and it is impossible not to use cars. Oil fields are not enough to produce more. Because of this, the oil market is called hard elasticity. In fact, it is inflexible, and oil production is based on the After calculation, the demand has increased, and only the price has risen. If the demand is reduced because of the price, the price will be slightly reduced, and then it will rise. In the same way, if oil production rises and demand does not increase, the price will naturally fall.

Libya is an obvious example. Its annual output is only 2 million barrels a day, accounting for less than 2% of the world's output, but when Libya's output is halved, that is, 1 million barrels a day, the world's oil market is affected. When the future is uncertain, no reserves can play a role.

"In my opinion, we will start to raise funds now. When the funds are in place, we may be able to see Dahua's third oil well." Repsol's representative had rich [limb] body movements, and his elbow almost knocked off the cup.

The money in internal transactions cannot be directly traded, and it can only be collected through many channels. Fortunately, oil companies always have a lot of foreign accounts, which is not strange.

"Then invest on the basis of 500 million yuan." The representative of Kangle Company finally made up his mind.

Su Cheng smiled, but said, "If the output really reaches 300,000 barrels, it is better to continue to increase the amount of basic investment."

"Do you want to improve?" For a large and medium-sized oil company, the principal of $500 million is indeed a lot.

"A daily production of 300,000 barrels of oil fields, I don't know if I can meet it in my life. If I do, I will never be willing to be a small fish in the market." Su Cheng's tone was not easy to say, but it made several people smile.

Indeed, if there are 300,000 barrels as the foundation, it is also appropriate to increase the investment.

"It depends on Dahua Industry." Gillis picked up his glass and smiled, "I hope we can see the birth of more oil wells and oil fields during our fundraising!"

When the French said this, they did not guess the follow-up development at all.

(To be continued