When Yao Yuan saw Jackson, he immediately said, "Mr. Jackson is here just in time. You two, why not just finalize the three-way cooperation today."
Of course Kim Jae-hyun is willing, let alone Jackson.
The three of them returned to the conference room. Yao Yuan asked them to sit together. He sat across from him, knocked on the table lightly, and asked Jackson, "What did Halliburton say?"
Jackson didn't know what kind of medicine Yao Yuan was selling in his gourd, and he was afraid of missing the opportunity, so he quickly said, "Mr. Yao, Halliburton is willing to transfer 100% of the shares of KBR Company to Dongfang Petroleum, plus US$500 million in cash, in exchange for Mark Xie
20% stake in the oil field. Mr. Yao, this is our bottom line."
"Mr. Yao, what's going on? We just talked about 29% of the shares, and you only have 29% of the shares left." Before Yao Yuan could speak, Kim Jaehyun raised questions.
Yao Yuan signaled them to calm down and said with a smile, "Let me explain, what Halliburton wants is actually a share ratio. Modern Petroleum and Shell Oil want company shares. There is a difference between the two." Jackson
, am I right?"
Of course that's right, Jackson nodded.
Halliburton rarely invests in oil companies. Their purpose is to provide professional oilfield services, collect money according to the contract, and take a commission on the value of the output. It is a common practice.
Yao Yuan smiled and said, "That's a good solution. After Halliburton became the sole oilfield service provider of the Maxhay Oilfield, it took 20% of each barrel of oil as compensation for a period of ten years. Then, take this 20%
Is it okay to quantify it and set a step price that is slightly overflowing?"
Jackson asked, "Mr. Yao, please be more specific."
Yao Yuan took a piece of paper, drew a progressive form, filled in the numbers, handed it to Jackson, and said, "You two, take a look."
Calculated based on the basic price of US$20 per barrel, Halliburton gets US$4 as a fee for oilfield service providers. Based on the price of US$20, it increases by 2% every year. In 1997, it was US$20.4 and in 1998 it was US$20.8.
In 1999 it was $21.20, and so on until the end of the 10-year period.
"Of course, you can completely discuss the basic price and growth rate." Yao Yuan said with a smile, "In short, Dongfang Petroleum transferred its 29% stake in the Maxhay Oilfield Company to Hyundai Petroleum for US$3.7 billion. This was achieved.
A prerequisite for the transaction is that Hyundai Petroleum must sign a ten-year oilfield services contract with Halliburton."
Kim Jae-hyun doesn't have to agree, but Yao Yuan can sign an oil field service contract with Halliburton first and then talk to him about transferring his shares.
In short, if South Korea's Hyundai Petroleum wants to obtain 29% of the shares of Maksha Oilfield Company, it must accept such conditions as "losing power and humiliating the country."
An agreement has been reached before, and Kim Jae-hyun has no objection. Besides, Halliburton is the world's second largest oilfield service provider. He is eager to cooperate with Halliburton. The remaining issue is more money and less money.
Jackson understood what was going on. Yao Yuan was splitting the Maxhay Oilfield into several pieces and selling them separately! One by one, he forced the oil companies and oil service companies that wanted to participate to accept his overbearing terms!
"Mr. Yao, what you are doing is really against the rules of the market." Jackson's mood was very bad. Even the clay figures have a bit of a temper, let alone the always aloof Haliburton!
Yao Yuan chuckled, "Rules and standards are all set by people. In the Maksha Oil Field, and even in all oil fields in Kazakhstan, Dongfang Petroleum can and must formulate its own rules and standards.
."
He just pointed at Jackson's nose and said that you Westerners can set rules and standards, and we Chinese can also set a set of rules and standards, and have the ability to require you to abide by them, otherwise you will lose the qualification to enter the market!
Jackson finally realized that Oriental Petroleum was no longer what it used to be. Halliburton, which Oriental Oilfield once looked up to, was no longer an important player in the eyes of Oriental Oil at this time.
He is very clear that Dongfang Petroleum is consciously controlling the output of Dongfang No. 5 oil well in Sedan Oilfield. If it is completely liberalized, Dongfang Petroleum will only need to rely on one well in Sedan Oilfield with a daily output of more than 100,000 tons to be able to produce in one year.
36 million tons of oil is more than half of Shell’s annual production...
Dongfang Petroleum is not listed on the market, nor does it have any listed subsidiaries. If the Sedan Oilfield subsidiary is separated and listed, the market value can easily exceed 10 billion US dollars!
Jackson had no other choice. He sighed and said, "Mr. Yao, Halliburton is willing to continue to cooperate. 100% of KBR's shares plus US$500 million in cash will be exchanged for the qualification as the only oilfield service provider of the Maxhay Oilfield and no less than 20% of the shares."
dividends."
"Mr. Jackson, we need to continue negotiating the specific dividends," Kim Jaehyun said.
Yao Yuan waved his hand and said, "Mr. Jin, don't worry. As long as the basic conditions remain unchanged, we Dongfang Petroleum can sign a contract with Halliburton first and then with you."
"Mr. Yao, no need to trouble you, I will talk to Mr. Jackson directly." Kim Jaehyun said quickly.
No matter how stupid you are, you will not let Dongfang Petroleum help negotiate. Anyway, it has nothing to do with Dongfang Petroleum. Dongfang Petroleum will most likely give Halliburton a higher price.
Of course, unless Hyundai Petroleum’s second plan is to abandon the Maksha Oilfield, then be strong without desire!
The problem is that Hyundai Petroleum really, really wants the Maksha Oilfield, and Yao Yuan has this in his hands. Isn’t that just letting Yao Yuan round it up and flatten it?
Jackson also wanted to talk to Kim Jae-hyun directly. The reason was not complicated. Yao Yuan liked to dig holes. Two and a half of his three sentences were misleading. He was really scared. Koreans are easy to bully, and Halliburton is an American company.
Americans have a master-like sense of superiority towards Koreans, while Koreans have slave-like self-consciousness and fear towards Americans.
Therefore, Jackson also stated that he hopes to talk to Kim Jae-hyun directly.
Yao Yuan picked up the landline and dialed a number. Lin Wei and Su Jianmin came in with several people. Jackson and people brought by Kim Jaehyun were also brought in.
After Lin Wei personally verified each contract and laid it out one by one, Yao Yuan pointed and said, "The one on the left is from Halliburton, and the one on the right is from Hyundai Petroleum. Please take a look at it, you two. I have no objections."
You can sign it now.”
What else can be said, it’s all been manipulated by others.
Jackson, Kim Jaehyun and their assistants looked through it carefully.
They are fully prepared and there will be no disputes over the terms of the contract, so there is no need to worry. Moreover, they have professional legal personnel and can review it very quickly.
Dutch Shell Group's US$200 million plus 7% of Shell Oil's shares, Halliburton's US$500 million plus all shares of KBR, and Hyundai Petroleum's US$3.7 billion. This is the return Yao Yuan has received through his operation of the Maksha Oilfield in the past few days.
The total cash amount is 4.4 billion U.S. dollars, and a quarter of the funds for the construction of the new capital have been settled.
According to the market value of Shell Oil in 2018, a 7% stake is worth more than US$3.5 billion...