Chapter 181: Samotlore Oil Field Acquired
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The international tender held by the Ministry of Petroleum and Natural Gas Industry of the Soviet Union was too harsh, so very few foreign companies were eligible to participate. And those foreign companies that have met the trade deadline with the Soviet Union are rarely able to get 7 billion US dollars as a bid bond. Out of national security considerations, Western monopoly oil companies such as BP and Mobil were excluded to prevent the Soviet Union's large oil fields from falling into the hands of these unfriendly Western forces.
After Seryozha controlled Occidental Petroleum Corporation through a series of capital operations, Hamer was no longer able to control the company's decision-making power, because the board of directors of Occidental Petroleum Corporation was completely controlled by Seryozha's relatives and friends. Although Occidental Petroleum's total assets are less than 20 billion U.S. dollars, the old Hammer managed the company very well. Occidental Petroleum Corporation has been deeply involved in the petroleum industry for many years and has a complete industrial chain of the petroleum industry, from oil and natural gas exploration, to petroleum smelting, and finally to petrochemical and fuel retail business. In addition, Occidental Petroleum Corporation also has Mastering the most advanced shale oil retort technology in the United States.
The benefits of owning a mature oil company to Glencore are obvious. The oil trade that Glencore is engaged in is spot oil trading. They have never been involved in the oil exploration and extraction industry. The exploration and production team believes that the water cut problem in the Samotloor oilfield will be well resolved.
The bidding for the Samotrol Oilfield will be held at the International Olympic Hotel in Moscow. Most of the oil companies participating in this bidding come from Europe, and most of them are Italian oil companies. Many large Western oil companies are excluded and cannot Participate in this tender. Although the scale of the participating oil companies can hardly be called world-class, it is still very common for several small oil companies to jointly bid for the Samotloor Oilfield. After all, seven billion US dollars is not a big deal. A small amount, many companies can not afford the money.
However, this does not affect this bidding activity. Although the vice president of Occidental Petroleum Company did not declare to the outside world that he would give up this bidding, he has already received the board's instruction, and his bids in this bidding activity are strictly limited to $11 billion. In other words, the vice president of Occidental Petroleum Company only has the right to bid one billion. In order to prevent other small companies from disrupting the situation, Glencore directly raised the price to US$12 billion. I believe this price should be a limit.
After the bids are handed over to the bidding committee, all we can do is wait. When the representatives of all participating companies left the International Olympic Hotel, the lobby of the hotel was crowded with journalists from various countries who came to interview. This is a rare super large oil field. The Soviet government is willing to use it to attract foreign funds. This is definitely a global trade. However, the journalists felt sorry that the conditions for this bidding activity were too harsh, and many world-class oil companies were not able to participate. Among the companies present, only Occidental Petroleum and Glencore seem to have the best chance of winning.
Since the tender documents contain so many contents, it will take about a week to wait for the final results.
This long waiting incident made Seryozha feel very uncomfortable, he was afraid
The Samotloor oil field fell into other hands. In addition, Sergesha has not yet figured out how to deal with Occidental Petroleum Corporation's next step. Remove old Hamer from Occidental Petroleum's board? Old Hamer is a banner of Occidental Petroleum Corporation, and is the company's most competitive intangible asset. If this is true, what will happen to the oil fields in Peru, Colombia, and Venezuela owned by Occidental Petroleum Corporation? There are guerrillas in most countries. If it weren't for the relationship between Hamer and Castro, the guerrillas would not give foreign capitalists any face. So after much deliberation, the company's benefits from retaining Hammer's position are far greater than the benefits of eliminating Hammer.
So after Mikhail publicly quarreled with Hammer on the board of directors, Mikhail has been working hard to repair the relationship with Hammer in the following meetings. Hamer has been in business for so many years, and he has never seen any big storms. The essence of a businessman is to pursue profits. As long as he has money to earn, Hamer will not just care about some personal grievances. First of all, Mikhail expressed his sincere admiration for Hamer. In addition, he also expressed his willingness to support Hamer's proposal for Occidental Petroleum's investment in addition to the Samotloor oil field. Harmer's vigilance.
Mikhail's vision and vision have been cultivated now. In his view, the acquisition of the company's equity is only the first step in the acquisition. How to make this company develop better in the big family of Columbia Bank is a big problem. The problem is that a character like Hammer, although the fortune is far from Mikhail. But Hammer's influence in the two camps of the East and the West is not even comparable to that of the President of the United States. In front of such a character, it is completely impossible to make Hamer bow his head by relying on money and power. If Seryozha really went to war with Hamer, all the shareholders of Occidental Petroleum would suffer. Therefore, both Mikhail and Hamer actually understand the truth that peace is the most important thing.
A week has passed quite a long time, but Seryozha actually knew all the quotations from the companies that just participated in this event on the second day of bidding. Glencore's quotation was not unexpected. The highest among all companies. This gave Seryozha a reassurance. He found an opportunity to disclose the news to Green, the vice president of Glencore Group who participated in the bidding in Moscow. Green was not surprised by the result, after all, the Soviet Union was It was the first time that such a large-scale bidding activity was held in the world, and many companies were both very interested and a little uneasy. The international goodwill of the Soviet government is not very good. If the bidding funds are withheld due to political issues, these companies must go bankrupt.
During these days in Moscow, Green has been trying to get in touch with the senior officials of the Soviet Ministry of Oil and Gas Industry, and his efforts have achieved certain results. Chernomyrdin has a good impression of Green. A week later, Green finally got the winning contract from Chernomyrdin, and then a grand signing ceremony was held at the Olympic International Hotel in Moscow, and the Samotloor Oilfield finally fell into the hands of the Glencore Group.