I want to be a giant of Hong Kong Island

Chapter 540 [1.2 million tons of oil well]

At the end of May, Wu Guangyao's business plane took off from New York to London.

At this time, Wu Guangyao was in a good mood, because Kaila called himself, and Global BP Oil Company discovered a large oil field with 1.2 million to 1.5 million tons.

After Wu Guangyao heard the news, he fell into ecstasy!
Although I have great hopes for the 72 areas I won the bid, but for the oil fields with hundreds of millions of tons, I am still quite shocked!
We must know that the oil reserves of the North Sea oil fields in Europe are only 57 billion tons, while the North Sea oil fields belonging to the United Kingdom are only 37 billion tons;

In addition to the oilfield reserves discovered by Global BP Petroleum Company, Global BP already has an oilfield with 1.5 million tons of oil reserves.

According to the current calculation of US$3 per barrel (137 kg), one ton is worth US$21, and the value of these oil fields is worth US$31.5 billion;
If the price of oil after four months (10.6 US dollars a barrel), the price of these oil fields immediately doubled several times, worth 111 billion US dollars;
As for how much Wu Guangyao can earn?

Good calculation!

Taking $100 of oil as an example, its extraction cost is 20%, which means there is still a gross profit of $80;
The 80 US dollars must first pay a petroleum income tax, the tax rate is 45%, which means that there is still a gross profit of 44 US dollars;
This 44 dollars also needs to pay a corporate tax, the tax rate is 52%, that is to say, there is still a gross profit of 21 dollars;
There is one final tax on $21—share dividend tax at a rate of 12.5%, leaving a net profit of $18.

So, the net profit margin is 18%!

Even if the UK imposes an oil tax on the way, the net profit will be around 15%.

Based on the oilfields currently surveyed by Global BP Petroleum, it seems that Wu Guangyao did not earn much, only a profit of 15 billion US dollars;

In fact, it is not the case. First of all, Global BP Company still has 36 areas that have not been surveyed, and it is very likely to harvest another oil field with hundreds of millions of tons;
Secondly, in 1979, the price of oil would soar to 34 US dollars a barrel, and the value of the oil fields that had been explored would rise to about 330 billion US dollars. tons of oil).

It takes a long time to extract oil, and it takes three to four years from the exploration of oil to the real oil production;
The output of mining is also calculated according to the number of barrels per day. An oil field with hundreds of millions of tons needs to be exploited for decades before it can be fully exploited.

Therefore, Wu Guangyao's investment in the North Sea Oilfield may eventually earn tens of billions of dollars!
For Wu Guangyao, tens of billions of dollars is really just a trivial matter!
However, Wu Guangyao only needed to do something halfway (the privatization of the UK in 1979), and bought a stake in BP Petroleum Company on the condition of two oil fields with over [-] million tons;

This investment will continue to appreciate and may grow to tens of billions of dollars!
When he came to London, Wu Guangyao naturally did not rush to visit Brown, the president of BP Petroleum Company, but returned to his home in London—Yueyue Manor.

Over the years, Yaoyue Manor is mainly lived by Keira and her four children;

In recent years, Wu Xianyi and Wu Xianying have studied in London and occasionally come to live there.

When Wu Guangyao arrived in London, it happened to be a weekend, and the family gathered together.

The four children of Wu Guangyao and Kaila are: the eldest son Wu Xianlei (1951), the second son Wu Xianyu (1953), the eldest daughter Wu Qianxun (1956), and the third son Wu Xianming (1960).

Wu Xianyu, Wu Xianyi (the second child of Lin Yueru), and Wu Xianying (the eldest child of Huixiang), the three brothers were born in the same year and studied at the same university, so they obviously have a good relationship.

The family enjoyed themselves happily, and Wu Guangyao also told the news that the 'Guangyao Family Office' will be officially launched soon.

Wu Qianxun, the mixed-race daughter sitting on Wu Guangyao's left hand, asked curiously: "When I turn 18 next year, will the money be given to me directly?"

Wu Guangyao said dotingly: "Yes, of course!"

However, when it comes to children, these women of Wu Guangyao will not be obedient to themselves.

Keira said without hesitation: "This money is too much, it needs to be kept with me temporarily until I graduate from university!"

Wu Qianxun quit, shook Wu Guangyao's arm and started acting coquettishly, ignoring the warning in Kaila's eyes.

"Okay! Okay! If you plan to use the money, you can apply to your mother, as long as it is reasonable, you will support it!"

"Yeah! When I turn 18, the thing I want to buy the most is a sports car!"

Upon hearing this wish, Wu Guangyao immediately warned: "You can buy a sports car, but you will be confiscated if you drink and drive fast!"

After finishing speaking, Wu Guangyao took a special look at some sons who had cars, and they immediately gave Wu Guangyao a guarantee!

The next day, Wu Guangyao and Kaila came to the headquarters of BP Petroleum Company with a group of subordinates.

After a greeting, everyone sat down in the conference room.

Brown said: "Mr. Wu, you really have a good eye. You have already obtained the right to exploit 1.5 million tons of oil with a single swipe on the map of the North Sea!"

Wu Guangyao said modestly: "It's all blessed by the god of luck!"

Then, Wu Guangyao took the initiative to say: "Since such a large oil field has been discovered, we want to sign a mining agreement as soon as possible, and then our funds will reach the company's account, which will be used to purchase oil drilling and lay pipelines."

Although we know that the UK will never confiscate the oil exploration rights of investors, at most it will increase the oil tax to control the developers' profits;
However, Wu Guangyao decided to get the mining rights before the price of oil rose, based on the principle of long nights and many dreams.

Brown said with a smile: "Don't worry, Mr. Wu! We in the UK will guarantee the interests of investors, and the mining rights are guaranteed to be obtained within one month!"

Because Wu Guangyao has no mining technology and professionals, he gave up 25% of the profit for nothing. For 100 US dollars of oil, Wu Guangyao can only earn 13 US dollars
If American oilmen discover oil fields, their profit is $18.

However, Wu Guangyao is also very satisfied. If he does not cooperate with BP, he will not even be able to enter this field.

Wu Guangyao added: "The climate in the North Sea is harsh, and the equipment for oil exploration must be advanced enough! I have an unprofessional suggestion, and Mr. Brown can comment on it!"

Since entering the oil field, Wu Guangyao has been paying attention to and learning professional knowledge in this field for more than a year;
At least not to be a layman, this is Wu Guangyao's request to himself!

Brown said disapprovingly: "Mr. Wu, please tell me. You are a customer. If you have any good suggestions, I believe British equipment manufacturers will definitely pay attention to them!"

Wu Guangyao ignored Brown's contempt and didn't show off. This guy really thought he was a layman!
"As far as I know, the casing platform technology of Brazil and the Netherlands is very suitable for the exploitation of oil fields in the North Sea. I like that British equipment manufacturers can introduce this technology, after all, the stone fields in the entire North Sea can be used."

At this time, although a lot of oil fields in the North Sea of ​​the United Kingdom have been surveyed, the total annual production is less than 100 million tons;

In other words, the North Sea Oilfield has not yet been really developed!
Even after other oil companies surveyed the oil fields, they did not carry out real mining. After all, it takes three or four years to prepare!

In 1975, the extraction volume of the British North Sea oilfield was 110 million tons. In 1976, the extraction volume of the British North Sea oilfield skyrocketed, increasing to 1150 million tons, a 10-fold increase;
In 1977, the oil production in the North Sea of ​​the United Kingdom was 4500 million tons. In 1978, the oil production in the North Sea of ​​the United Kingdom was able to meet the annual demand of the United Kingdom, that is, about 7000 million tons.

However, because the price of light oil extracted from the North Sea oilfield is higher than that of crude oil in the Middle East, the British sell their own light oil while importing foreign crude oil.

Come and go, not only can feed a lot of refineries, but also make a lot of profits.

After listening to Wu Guangyao's suggestion, Brown dared not take a peek anymore!

"Mr. Wu's suggestion is very good. I will contact the British equipment manufacturer in the near future to discuss this issue!"

In the end, Wu Guangyao introduced Morse to Brown. After all, the shares of British Oilfield were to be handed over to the 'Guangyao Family Office';
Even the shares held by Keira must be handed over to the family office.

(End of this chapter)