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#103 - Brunei oil field signed

Su Cheng went to the telephone and dialed the number.

"Boss, I've finally waited for your call." Zhang Qizheng said with a smile on the phone.

"When did you come back?" Su Cheng asked.

"The flight just arrived at noon. As soon as I got off the plane, I went back to the company," Zhang Qizheng said.

"Thank you for your hard work, running around so tirelessly. Why don't you go back and rest first?" Su Cheng looked at the time, half past four in the afternoon.

"It's okay. It only takes 3 hours to fly back from Brunei, so I'm not tired," Zhang Qizheng said with a smile.

"Are you at the company now?" Su Cheng asked.

"Yes, I returned to Hong Kong around twelve o'clock, and then I came to the company. I haven't been to the company for a week, so I need to understand the situation of the company," Zhang Qizheng said.

"Then wait for me, I'll go over now," Su Cheng said.

Although he had just returned from Baochuan Wang and planned to rest, since Zhang Qizheng was so diligent, he, the boss, couldn't be too lazy.

"Boss, I want to go too." Zhong Chuhong, who was beside him, saw that Su Cheng was going out again after just returning, and said quickly.

"Then you come along," Su Cheng nodded and said.

Afterwards, several cars drove out of Su's villa and headed to Tianyuan Building in North Point.

In Zhang Qizheng's office in Tianyuan Building, Su Cheng also met Zhang Qizheng, who had just returned from Brunei.

"Boss, good news, we finally reached an agreement. This is the contract we negotiated with the Brunei government. Take a look first." Zhang Qizheng handed a contract to Su Cheng.

Su Cheng nodded and took the contract.

He skimmed through it, and it was a contract for jointly developing an oil field.

What Su Cheng was most concerned about was the issue of equity between the two parties and the storage capacity of the oil field.

According to the contract, the two parties will jointly establish an oil field development company. Tianwen Petroleum Company will provide the funds, while the Brunei government will provide the oil field. Tianwen Petroleum Company will occupy 30% of the crude oil developed, and the Brunei government will occupy 70%.

After preliminary estimates, the proven reserves of this oil field are over 1.1 billion tons.

This reserve cannot be compared with the giant oil fields like the Ghawar oil field, which has reserves of more than 10 billion tons, but it can already be called a super-large oil field, which can be developed for many years.

In addition, under the same price conditions, Tianwen Petroleum Company also has the priority to purchase crude oil from Brunei.

The oil field is not far from the coastline, and pipelines can be built directly to the terminal in the future, which will facilitate the transportation of crude oil extracted in the future.

"Boss, the Brunei government was originally only willing to give up 20% of the crude oil ratio, but after a few days of hard work, we finally got 30%," Zhang Qizheng said with a smile.

Su Cheng nodded, not feeling that it was too little.

After all, the oil field belongs to others. He only needs to build a good oil production base, and then he can keep extracting oil until the oil field runs out.

The capital required for the oil production base is not too much for Su Cheng.

Therefore, this deal is very cost-effective.

"Now that the contract has been signed, when will construction begin?" Su Cheng asked.

"Currently, I am contacting manufacturers of oil field production equipment. From the current point of view, our initial investment is about 100 million Hong Kong dollars. After the contact is made, we can recruit workers and build the oil field," Zhang Qizheng said.

"You handle this matter. Recruit whatever talent you need to recruit. This is our first oil field production base, so we must do it well. Then we will have enough experience in the future," Su Cheng said with a smile.

"Don't worry, boss, I will handle it well. It happens that Tianyuan Company is not busy at the moment, so I have more time to handle these matters," Zhang Qizheng said.

"Speaking of which, there is also a very important thing that I need you to handle," Su Cheng said suddenly.

"Oh? Please tell me, boss," Zhang Qizheng said in confusion.

"Are you clear about the situation of the oil base in Tuen Mun, Hong Kong?" Su Cheng said with a smile.

Zhang Qizheng was already in Brunei when the foundation laying ceremony for the oil base was held last time, so he did not participate in the foundation laying ceremony. However, he is now also the general manager of Tianwen Petroleum Company, so he naturally has a general understanding of the company's affairs.

"I know. I heard that the wharf and oil storage tank warehouse are being built in a hurry? Boss, I can understand building the wharf first, but why build the oil storage tank first? Shouldn't we build and install the oil refining equipment first?" Zhang Qizheng asked strangely.

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The fact that Su Cheng needed to purchase a large amount of crude oil had not yet spread. Zhang Qizheng, who had been abroad for more than a week, was naturally unaware of this matter at this time.

"I plan to purchase 170 million barrels of crude oil. I have already arranged the contact information. This is the specific information for the crude oil purchase." Su Cheng took out the list given by Baochuan Wang and handed it to Zhang Qizheng.

Zhang Qizheng took the list, which detailed the amount of crude oil that could be sold immediately by various countries, and even the situation in Brunei was written on it.

"Does the boss have any requirements?" Zhang Qizheng asked.

Compared to cargo ships, oil tankers are slower, so oil tankers do not have an advantage in speed.

"General Manager Zhang, you can just determine which countries' oil is more suitable to buy first. You don't need to consider too much about contacting them to sign contracts and oil tankers. I have already asked Baochuan Wang to contact these countries in advance. As long as it is determined, representatives from all their countries can be invited to Hong Kong to sign contracts at one time. In addition, I have also directly handed over the oil tanker to Baochuan Wang's Global Shipping Group. I will be responsible for the payment of funds through HSBC Bank," Su Cheng said with a smile.

"Since that's the case, then I will spend two days studying which countries' crude oil is more suitable to buy. If there are any questions I don't understand, I will call the oil-producing countries directly to consult and ensure that I find the most suitable partner," Zhang Qizheng nodded and said.

In fact, Su Cheng himself was going to buy 170 million barrels of crude oil, and there were 200 million barrels of crude oil on it. As long as it was determined that the crude oil from one or two of the countries was not enough, it would be fine.

"Okay, you'll have to work hard these days. I estimate that there may be a crisis in the oil industry in a few months, so we must be fast and strive to complete the crude oil reserves before November," Su Cheng said directly.

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