Klimova brought a negotiation team from Moscow to the Chinese camp. She couldn't even wait for Yao Yuan to return to Tyumen city. This shows how anxious Sikor Company is.
This is already the fifth day that Klimova has proposed conditions. In the past five days, no oilfield service company has been willing to accept their cooperation conditions. Without exception, they have been rejected by Halliburton and Whitford.
The giant was frightened.
Yesterday, after receiving the notice from the group headquarters, Kim Jaehyun flew from Moscow to Tyumen City. He rushed to Huaxia Camp at night and had already negotiated the cooperation content with Yao Yuan.
At this time, Kim Jae-hyun is almost like a puppet, because all the terms come from the group headquarters, and his task is to implement them.
Naturally, he didn't know about such secret matters as the negotiation on the establishment of diplomatic relations between China and South Korea, so he couldn't figure out what the situation was. However, judging from the reaction of the group headquarters, it was obvious that he had reached some tacit understanding with Nanfang Industrial, as well as some secret cooperation.
protocol.
If Kim Jae-hyun was Yao Yuan's opponent before, then he is more like a subordinate now.
After starting the negotiation, Yao Yuan first put the proposed cooperation plan on the table, and without using a Russian translator, he directly said in proficient Russian, "Miss Klimova, these are the basic conditions for cooperation proposed by us. You can only agree if you agree."
Only if all the conditions mentioned in the plan are met will the next step of negotiation have the basis to continue, please consider it."
Klimova didn't say anything. She opened the cooperation plan written in Chinese, Russian and Korean and read it carefully.
It's very harsh, but you have to accept it.
She said without the slightest hesitation, "The transfer agreement between you and Hyundai Petroleum Company has nothing to do with us, but Hyundai Petroleum Company's request to establish a joint venture with us to develop the Samer Oilfield is a matter between us and Hyundai Petroleum Company."
Things in between.”
"Of course, this is Mr. Kim Jae-hyun, the vice president of Hyundai Oil Company. He fully represents Hyundai Oil Company." Yao Yuan said with a smile, "But you have to know that without the financial support of Hyundai Oil Company, you can't spend 200 million.
USD contract fee.”
Klimova fell silent and took the share of the Samer oil field, which almost exhausted their funds. The only 80 million US dollars left in hand seemed to be quite a lot, but it was a drop in the bucket to complete the exploration alone.
For a super oil field like Samer, the US$200 million contract fee required by Oriental Petroleum Services Company is not excessive. They have written it very clearly in the plan and guarantee that the annual production will be increased to 3 million tons within one month. If
If it fails, you can only get 80 million US dollars.
After discussing with her own negotiators, Klimova put forward new conditions, "If you can increase your annual production to 5 million tons within one month, we can increase your share ratio to 3%.
Fifteen, the deadline remains unchanged."
Yao Yuan shook his head without thinking. Knowing that oil prices would plummet at the end of the year, he would not accept such conditions under any circumstances.
Klimova frowned and asked, "This is a more generous reward for you."
The second half of the sentence should be: It is also the best solution to meet our shortage of funds.
The more oil is produced, the more money will be made; otherwise, nothing will be harvested.
"I said before that we have no intention to participate in the sharing. Now we propose to accept eight years of oil sharing in lieu of future mining service fees, which is already a huge concession. Miss Klimova, if Modern Petroleum Company does not meet your requirements,
If you meet your requirements, you can definitely find another partner." Yao Yuan said.
Kim Jae-hyun had been listening. As soon as he heard this sentence, he quickly dropped a bombshell and said, "Ms. Klimova, we have prepared 500 million US dollars in cash, part of which will be used to pay for the last ten years of accepting Oriental Petroleum Services Company."
The remaining part of the contract will be injected into the joint venture company to make up for the initial contract fee of 200 million yuan. However, we do not require a controlling stake in the joint venture company and only participate in the operating share."
It seems that this is a win-win situation for Hyundai Petroleum Company and Secor Company, provided that everything goes on the normal track.
It's a big deal. Even a giant like Halliburton doesn't have the courage to spend $500 million in cash at once.
Klimova understood that Vostok Oil Services Company had obviously reached an agreement with Hyundai Petroleum.
In order for Westcor to obtain this financing, it must accept the conditions proposed by Eastern Petroleum Services Company. After Eastern Petroleum Services Company reaches an annual output of three million tons in the oil field, the service fee will automatically be converted into a share-sharing method, that is, from West Cole
The joint venture between Cole and Hyundai Oil paid 30 percent per barrel, or about $150 million at today's international oil prices, for eight years.
With the continuous growth of production and the rise of oil prices in the following years, after adjusting for inflation and other factors, Eastern Petroleum Services' revenue from the Samer oil field alone will exceed US$2 billion in the next eight years.
And it’s $2 billion with almost no risk.
Because throughout the 1990s, oil prices remained below $30 per barrel, a rare period of stability, although there were several sharp declines during the period.
Relatively stable oil prices mean stable income that can be expected, which is especially suitable for Russian oil fields where the situation will change drastically in eight years.
For Secor and Hyundai Petroleum, before the oil fields enter a stable production period, they need to continue to invest profits in expanding production. This money is the money to be paid to the oil field service providers. When the profits start to be harvested, Puda will also
It's time to take the stage.
Therefore, there is a saying in the oil industry that the oil field is the uncle, the oil service company is the rich man, and the oil construction company is the grandson. In other words, the oil field is the VIP, the oil service company is the technician, and the oil construction company is the one who delivers tea.
If you want more services, you will get more money.
Oriental Oilfield Services Company is in a stronger position, and it is clearly written in the plan. Oilfield service providers don't care whether your oil can be sold or how much it costs. When it comes time to pay, it must be based on the production volume and share ratio.
to pay.
This is why Yao Yuan told Xia Honghua that participating in the development of the Samer Oilfield would require a continuous investment of US$2 billion in the first five years. It would be unthinkable if the start-up capital was not several hundred million US dollars.
For Huaxia Petroleum Corporation, it cannot spend tens of millions of dollars, let alone hundreds of millions of dollars, and even if it can be spent, it will not be approved to spend it.
Klimova once again studied the plan carefully. This time she did not discuss it with the negotiating team, but proposed a temporary adjournment.
Yao Yuan is very kind, please come to the restaurant to have a meal.
Klimova hid aside and made phone calls for more than half an hour.
After the meal, the negotiations continued.
Klimova's first words surprised Yao Yuanda. She just heard her say, "If the mining rights are transferred to you, what price can you offer?"
Everyone on Yao Yuan's side was stunned, including Kim Jae Hyun's side.
Why is there no Secor Company in later information about the Samer Oilfield? Perhaps it has something to do not only with their inability to increase production, but also with the owners of their mining rights.
One thing that is certain is that the people behind Klimova are worried about gains and losses. On the one hand, they hope to find an oil service company to cooperate with that can compete with Halliburton. On the other hand, they are intimidated by the strength of their opponents and Halliburton and are worried about failure.
I just wanted to transfer the mining rights to cash out and walk away with a sum of money.
In oil exploration, exploration rights and mining rights have the same meaning. Once you obtain the exploration rights, you automatically obtain the mining rights. Therefore, the mining rights mentioned by Klimova are actually exploration rights. In practice, the two rights are also separated.
Yes, but usually as a right to obtain the greatest benefits.
If exploration alone cannot lead to extraction, I am afraid that no oil company is willing to pay tens or even hundreds of millions of dollars.
Yao Yuan quickly calmed down, smelled the dangerous atmosphere, and shook his head decisively, "I reiterate, Dongfang Petroleum Services Company has no plans to acquire oil fields for the time being. We only provide oil field services."
Suddenly, Kim Jae-hyun asked, "Ms. Klimova, how much would you charge for transferring the exploration rights? Maybe our Hyundai Group will be interested."
South Korea and Japan are always pursuing oil fields overseas because they have no domestic oil resources and all consumption must be imported. As the most important energy source, oil resources can have too many influences, especially
It is a super large oil field like Samer.
Kim Jae-hyun is almost certain that if he facilitates Hyundai Group to acquire part of the mining rights of the Samer Oilfield from Secor Company, it will be certain that he will be promoted from the position of vice president of Hyundai Petroleum to the position of president, and as an owner of a piece of
A modern oil company in a super large oil field will suddenly become a world-class oil company!
Thinking of the bright future, Kim Jaehyun even turned a little red with excitement.
As soon as he said this, Yao Yuan looked over with disbelief, looking at him as if he were a fool. However, in Jin Jaehyun's eyes, Yao Yuan's eyes were shocked, envious, and jealous.
He suddenly felt a strong sense of pleasure, and even Klimova's slowly turning eyes seemed to have an ambiguous and admiring look.
"The price is one billion dollars," Klimova said.
Expensive, very expensive.
The exploration rights worth hundreds of millions of dollars have only appeared in the bidding meeting of the Suwar Oilfield in Saudi Arabia. This is the only time. After obtaining the exploration rights and starting oil production, it requires several times of investment, and the additional conditions paid in order to obtain the exploration rights,
In fact, it is far more significant than the bidding amount, which requires continuous investment.
There is no doubt that Secor has taken future earnings into account.
Klimova said, "We believe that Oriental Petroleum Services Company can successfully increase production to an annual revenue of over 100 million, and our exploration rights are for twenty years. Mr. Jin, this deal is a good deal."
Kim Jae-hyun quickly calmed down, and he suddenly had an idea. In this case, why not abandon Oriental Petroleum Services Company and directly discuss cooperation with Secor Company?
He failed to take into account the threats to Secor from several other entities that also owned shares in the Samer field, and that these threats would be transferred to Modern Petroleum with the transfer of exploration rights.
Seeing Jin Jaehyun's little eyes moving around, Yao Yuan could guess what he was thinking, and couldn't help but fold his arms as if watching a show.
Originally I just wanted Han Bangzi to jump into a puddle, but I didn't expect that Han Bangzi would jump into a volcano crater. Why not watch the show?