bonanza

Chapter 673

Ghawal Oilfield started production in 1951, with proven reserves of 112 billion tons.

The annual output is maintained at more than 1.5 million tons all year round, and the annual output even reached nearly 3 million tons during the peak period.

However, after several decades of mining, in 2005, Saudi Arabia announced that the remaining recoverable reserves were still 95.5 billion tons, and in 2016, it was announced again that there were still 82 billion tons.

After so many years, it hasn't dropped much at all!
The outside world has many speculations about this. One is that the Saudis are not good at mathematics.

The second is that Saudi Arabia is bragging. According to the calculation of early proven reserves, the Ghawar oil field is actually on the verge of depletion. The most direct evidence is that Saudi Arabia took Aramco to go public to collect money.

The third is that Saudi Arabia has successively discovered new oil reservoirs in the Garhwal area. In order not to hit oil prices, it has been holding back and not announcing them.

Yang Dongsheng doesn't know which statement is correct, because he has never seen the Ghawar Oilfield when Aramco was listed, but he can be sure that the remaining recoverable reserves of the Ghawar Oilfield are very sufficient now.

Jason Bourne once said that it is not a good thing that these oil rich men in the Middle East have too much money.

Yang Dongsheng agreed with this statement very much, that's why he asked James Whistler to poach corners in the Middle East, but Yang Dongsheng didn't expect to open such a big one.

Yang Dongsheng's original plan was to squeeze out the remaining crude oil from these seven oil fields in the same way as in domestic oil fields, but now he is going to change his plan.

Ghawal Oilfield is only 20 kilometers away from the closest one of the seven oilfields under Yang Dongsheng's - that is, the lighter oilfield.

Yang Dongsheng used ice to build a pipeline in the rock formation, connecting the Ghawal oil field and his light oil field - more than 2000 meters underground, and the temperature of the oil is nearly [-] degrees, which quickly melted a large part of the ice.

Although the Ghawal oil field is slightly deeper than Yang Dongsheng's oil field, the Ghawal oil field is still a gushing well until now, but his oil field is on the verge of depletion. As long as the two are connected, the crude oil in the Ghawar oil field will automatically Flooded into Yang Dongsheng's oil field.

The output of the Ghawar Oilfield accounts for about half of Saudi Arabia's total output all the year round. Due to the good oil quality and low extraction costs, the profit accounts for more than [-]% for a long time.

Yang Dongsheng stealing the Ghawal oil field is equivalent to directly digging the foundation of these oil rich men!
The next day Yang Dongsheng found James Whistler and told him two things.

First, the expansion of current oilfield facilities.

The annual output of these oil fields at their peak was only 2000 million tons, and various supporting facilities were built based on this production capacity and must be expanded.

Especially the oil pipeline, this is a problem that is stuck.

James Whistler will declare to the outside world that the original oil pipeline is useless, and Alice has to build a new oil pipeline.

These oil fields are very close to the wharf oil depot, and the total oil pipeline is less than 80 kilometers. For the oil pipeline, this is only a small project.

When signing the contract, in order to prevent Saudi Arabia from breaching the contract, James Whistler deliberately set a very high liquidated damages. Alice would of course need to pay Saudi Arabia a huge sum of money if she could not meet the grain production stipulated in the contract.

If Saudi Arabia takes back the oil field in advance, it will also pay Alice a huge sum of money. The compensation amount is calculated in tens of billions of dollars.

But now it seems that even this amount may be a bit low.

The second is to speed up the progress of contracting oil fields with grain planting in other countries in the Middle East, especially the land and oil fields around several large oil fields.

Once Saudi Arabia starts to pump out a lot of oil, it will be difficult to contract.

Alice soon signed an agreement of intent with China's two major oil giants.

Most of the oil fields in our country are heavy crude oil with many impurities, which is difficult to recover, transport and process.

However, light crude oil contains a larger proportion of short-chain hydrocarbons and less sulfur, so more high-value refined oil can be refined, and the quality of the oil is also higher.

Light crude oil can also be mixed into heavy crude oil to improve the quality of crude oil.

In the past, the limited production of light crude oil was set by the first-mover countries through long-term contracts, and it was difficult for our country's refineries to obtain it.

It's a pity that oil is a liquid, and Yang Dongsheng can't get it domestically like solid minerals. Otherwise, with Yang Dongsheng's current ability, within two years, he can empty out the Ghawal oil field.

The draft day is coming soon, and Yang Dongsheng still came to find James Whistler early in the morning.

In this draft, Yang Dongsheng has to solve two problems. One is that Michael Reed's contract is about to expire.

In this life, Michael Reid is a first-round rookie with a four-year rookie contract that expires next year.

With two championships in hand, Michael Reid will definitely pursue a big contract next and become the boss of a certain team.

Taking advantage of his one-year contract, Yang Dongsheng was going to trade him out for draft picks.

The contract of backup shooting guard Fred Hoiberg has also expired, but he is willing to stay, and the conditions are not high, just a two-year veteran's basic salary.

He has a good three-pointer, and the team plans to sign him for another two years.

But he is over 30, only 1 meters tall, a bit short for shooting guard.

The other is the problem of Arenas, whose existence has affected the atmosphere of the entire team and must be sent away.

This year's draft pick is very different from the previous life.

Duncan was poached by the Mavericks, Parker was selected by the Jazz, David Robinson's scoring average dropped to single digits last season, and Eddie Griffin, who had high hopes, was completely abolished because he sucked X. Popovich Qi simply put it badly.

The Spurs got the second overall pick in the first round.

The Pacers got the third overall pick, which is not good news for the Mavericks!

Last season, the Mavericks sent Artest to the Pacers and got their first-round pick, and this pick was protected by the top three, and now this pick is gone.

After sending Nash away, the Mavericks got two first-round picks, but because there are regulations that cannot trade first-round picks for two consecutive years, the other pick is next year.

Even if Reid and Arenas are sent out now, they will not be able to get back a good draft pick. 2003 is recognized as a big draft year, and no one is willing to send a draft pick to a team with a high pick.

So in this draft year, the Mavericks only have two picks at the end of the first round and at the end of the second round.

Fortunately, the start of the draft is approaching. After Larry Bird operated, the Mavericks used this year's second-round pick and next year's second-round pick in exchange for a relatively high-ranking second-round pick.

After the draft began, popular candidates such as LeBron James, Chris Bosh, Darko Milicic, and Carmelo Anthony were successively selected.

(End of this chapter)