Reborn Capital Empire

Chapter 564: Petrobras Bidding (Part 1)

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It is different from art auctions such as Christie's and Sotheby's. Because the number of participating companies is not too large, rows of seats are not common in the auction hall. Instead, dozens of round tables were set up. Companies bidding independently have separate round tables, while bidding groups that form a group of companies occupy one round table. Of course the latter one round table is not enough, but there are extra chairs for them.

In short, everyone's attention is on the electronic screen directly in front, and no one cares too much about these details.

Unocal is undoubtedly an independent bid, because Guo Shouyun is not sure which of the three ultra-deep sea blocks the Tupi oil field is in. Therefore, in order to avoid huge interests in the future, independent bidding is the best choice.

After sitting down on the chair, Guo Shouyun couldn't help wrinkling when he felt the eyes gathered around him. He felt as if he had done something wrong in his own presence today.

Because Brazil, which is still an oil-poor country, is currently bidding for offshore exploration, major oil companies, including ExxonMobil and BP, are led by executive vice presidents, and large and medium-sized oil companies such as Occidental Petroleum and Chesapeake Energy are dying. That is, the chief operating officer is in charge. Like Unocal, not only Rebecca Mark, the CEO, but also the chairman of the board of directors was present in person, and there is absolutely no semicolon.

The first and second leaders of the company were present in person, which represented the importance they attached to the bidding. In the case of such emphasis, it is the unpopular ultra-deep sea block that is bidding. As long as you're not a fool, you'll be able to notice the difference. And those who can get into the top of the oil company are all shrewd people who have been trained in the workplace, and naturally there will be no fools.

"Fortunately, Rebecca has prepared some tenders for exploration blocks in the shallow sea area and the deep sea area, otherwise the loophole will be too big." Guo Shouyun said.

"Mr. Guo!"

"Mr. Watson?"

Seeing John Watson walking beside him, Guo Shouyun stood up and held the right hand that the other party took the initiative to stretch out.

"Why didn't you see Mr. Calvin Booth?"

"Mr. Booth is preparing the design materials for the natural pipeline from Sao Paulo to Rio de Janeiro. I am in charge of today's exploration bidding." After a pause, John Watson quickly swept his gaze over Rebecca and the others, and continued meaningfully. Said, "It seems that Mr. Guo really attaches great importance to this tender. You and Ms. Mark are both here."

"Of course. ... Unocal doesn't have as rich oil and gas resources as Chevron Texaco. So, even if Brazil is not a big market for you, it is a place you can't miss for us Unocal. Maybe we are lucky, A big oil field can be found in the Santos Basin!"

Since the suspected fact could not be changed, Guo Shouyun simply increased the 'gambling'. Anyway, there are many examples of oil companies making big bets on oil blocks and realizing leapfrog development. Although the vast majority of the end is not very good, but it is not without examples of success.

Just like BP, in the 1990s, it swept nine of Azerbaijan's 11 oil blocks, and developed the world-class super oilfield of Aziju with reserves of 4 billion barrels in one fell swoop. Beyond Exxon Mobil, Chevron, Total and Shell, it was the most beautiful oil company in the world at that time.

In addition, his experience of betting on oil and gold futures in the capital market many times in the past few years, coupled with the fact that he is young, can easily give people the impression of being rash and aggressive, and it seems understandable that he is a big gambler.

The corners of John Watson's mouth turned up slightly, "We have the same expectation. But the handwriting is not as big as that of Mr. Guo."

"If you want to say big money, I'm afraid no one can catch up with ExxonMobil. They have all bid for 7 blocks in the shallow sea area and 6 blocks in the deep sea area." Guo Shouyun smiled.

Hearing this, after nodding, John Watson couldn't help but look at the center of the venue, where ExxonMobil Chief Operating Officer Paul Stevenson was leading more than 20 members of the bidding team, plus the affiliated oil companies, large and small, to form A huge team of nearly a hundred people occupied the most prominent position in the center of the venue.

As the world's largest oil consortium, Exxon Mobil is undoubtedly the focus of the entire venue.

"The best hope to surpass them now is Chevron Texaco. So, Mr. Watson, you have to take your chances!"

John Watson smiled lightly, "Although our Chevron Texaco is better in scale, in terms of development speed, Unocal, which is owned by Mr. Guo, is faster. Overtaking ExxonMobil, maybe Unocal is more promising than us. "

"Haha, I do hope that Mr. Watson's words can come true, but rather than lofty ambitions, let's take down the two exploration blocks No. 2 and No. 6 in the shallow sea area today."

"No. 2 and No. 6?"

"What? Chevron Texaco is also interested in these two blocks?"

"We plan to bid for Block 6 independently!" John Watson nodded and smiled.

"So that's the case, then everyone has their own abilities!"

"Of course! ... But despite the competition, I hope that pure commercial competition will not damage the close relationship between Chevron Texaco and Mr. Guo."

"Commercial competition belongs to commercial competition, and personal feelings belong to personal feelings. I can still distinguish this point."

"That's good!" After a pause, John Watson looked at his watch, "Mr. Guo, it's almost time, I'll go first. After today's affairs are over, I'll visit the door in person and chat with Mr. Guo! "

"Good talk!"

"goodbye!"

"goodbye!"

Looking at the back of John Watson leaving, Guo Shouyun's eyes flashed with a trace of light.

"Boss, this person has been testing our bottom line!" Rebecca Mark said.

"He's a shrewd guy with a great sense of smell."

"You mean he discovered the real goal of our bid?"

"That's not true. It's just that he may have some doubts and interrupt the discussion. ... By the way, don't be polite to me when blocks 2 and 6 are released. Unless we enter the top three, otherwise do not give up."

No. 2 and No. 6, the two shallow water exploration blocks are undoubtedly the hottest oil exploration tenders today. Because 15 kilometers away from them is the Yalma oil field discovered by Petrobras. This is a medium-sized oil field with reserves of 65 million tons. The Yalma oil field is close to the inland location, and there are some small and medium-sized natural gas fields. So, if there is oil lurking in Brazil's offshore waters, it is most likely near Alma.

As the time drew nearer, the representatives of the major oil companies also quieted down. When the clock reached nine in the morning, a middle-aged man in a black suit and leather shoes walked onto the central podium.

"Bang bang...!"

After taking a few shots of the microphone and feeling good, "Hello everyone, I'm Roberto Muric, Deputy Director of the Brazilian Petroleum Administration, and I will preside over the bidding for the 15 offshore oil blocks in the Santos Basin today.  … It is an international oil giant, and it is very clear about the process of oil bidding. So if you have no comments, then I will announce the official start of the sixth round of Brazil's oil bidding!"

No one had any problems with his stylized remarks. Involving hundreds of millions or even billions of investment, as well as fierce competition, major oil companies have long been aware of the details of the bidding, and even made dozens of plans to deal with emergencies. So, unless Petrobras suddenly changes course, no one has an opinion.

"...Well, since everyone has no problem, let's look at the bidding for Block 1."

As his words fell, the simple information of Block 1 immediately appeared on the big screen in the middle of the conference room. Immediately afterwards, several consecutive lines of fonts are presented.

When the font on the screen stabilizes a little, you can see that the top display is, "Shell, $15 million signing fee, $80 million minimum work commitment, 42.2% localized procurement."

Signing fee, minimum work obligation input and localized procurement ratio, UU read www. uukanshu. com is the three most critical weight coefficients in this Petrobras bidding, which directly determines who can bid last.

The signing fee, as the name suggests, is money paid directly to the Brazilian Petroleum Authority.

Minimum work obligation is a key investment parameter often used by oil companies in multinational oil and gas exploration, and determines the basic sunk cost of exploration blocks. In layman's terms, after the successful bidding, how much money the oil company will spend on the exploration of the block. And whether or not oil can be found, that money must be spent.

The proportion of localized procurement is the capital of equipment and services that must be purchased locally, that is, in Brazil, by oil companies in the exploration and development stage, as stipulated by the Brazilian Petroleum Administration in order to solve local employment and promote economic development in the country. ratio in .

According to the regulations of the Brazilian Petroleum Administration, the minimum localized procurement ratio in this round is 40%, of which 15% is in the exploration stage and 25% is in the development stage. If the oil company does not reach this proportion, even if the bid is successful, it will be subject to heavy fines.

After a delay in the emergence of a better offer than Shell, Roberto Murici said loudly: "I announce the acquisition of the No. 1 oil block for the next three years of the exploration concession period and the 35-year concession period of Shell Oil Company. ."

Shell and the small and medium oil companies that formed a bidding group with it cheered loudly as the results were announced.

Representatives of other oil companies around them also cast envious glances at them. Although Block 1 is not as high-profile as Block 2 and 6, it is also part of the shallow waters of the Santos Basin and has great hope of finding oil or natural gas.

"The franchise period given by the Brazilians is really long this time!" Rebecca said.

Generally speaking, the concession period of an oil field is 30 years, and most of them are about 25 years.