Chapter 389 Troubled
With the name China National Offshore Oil Corporation, people can easily confuse its head office with its listed company.
To be precise, China National Offshore Oil Corporation is a central enterprise managed by the State-owned Assets Supervision and Administration Commission and one of the "three barrels of oil." Its subsidiaries are divided into three categories: oil companies, base companies and professional companies.
In order to create an international oil and gas company with clear expertise, flexible mechanisms and strong strength, in August 1998, China National Offshore Oil Corporation established "Huaxia Offshore Oil Co., Ltd." in Dongzhu through indirect holding, and integrated offshore oil exploration into
, development, production, sales and other business assets are all transferred to the joint-stock company.
Internally, this joint-stock company headquartered in Dongzhu is generally called "Oil Company".
The oil company attacked overseas capital markets in October 1999 and went to Gotham to issue stocks, preparing to raise 2.6 billion U.S. dollars. However, it encountered obstacles. Due to the plummeting international oil prices and the bear market in the stock market, only tens of millions of U.S. dollars of stocks were sold.
After some ups and downs, oil companies once again hit the capital market in 2001. In the last two days of February, they were listed in Gotham and Dongzhu. The listing was a great success, raising 1.43 billion U.S. dollars.
Therefore, China Offshore Oil Co., Ltd. is now a state-controlled listed company.
When Longxing Bank held its annual meeting, at the headquarters of Offshore Oil Corporation in Dongzhu, Wei Quanshun, general manager of the head office, chairman of the board of directors of the listed company, and president, was also reporting work to shareholders.
He said passionately: "Even in 2000 after the first listing failed, we were still publishing results every quarter in accordance with international practice. In terms of management model, CNOOC is like a foreign-funded company.
Today I will report the results to you in advance. It is estimated that by the end of this year, the company's total assets will be 4.26 billion U.S. dollars, total liabilities will be 1.65 billion U.S. dollars, and total equity will be 3.03 billion U.S. dollars.
In 2001, our oil production cost has been controlled at 3.93 dollars per barrel, which is far lower than Huaxia Petroleum's 4.73 dollars and Huaxia Petrochemical's 6.89 dollars.
The annual profit is expected to be 9 billion yuan. According to estimates, China National Offshore Oil Corporation will create generous returns for shareholders, with the IPO annual return rate reaching 51.55% and the return on equity being 35.2%!"
This figure can indeed be proud of its peers, and the oil production cost of 3.93 dollars per barrel has controlled the cost per ton to 28.67 dollars, which is lower than the 30 dollars per ton cost promoted by Far East Oil and Gas.
After the shareholders' meeting, Wei Quanshun returned to his office, and Secretary Zhang Hongmin followed him in.
"You should pay attention to our stock and see how much it can rise." Wei Quanshun ordered. Although it will take some time for the annual report to be officially released, the news of the shareholders' meeting will also drive up the stock price.
Zhang Hongmin hesitated and said, "Mr. Wei, our stock price has dropped a bit."
"Huh? What's going on?"
"I analyze that it is related to the oil spill in the Bohai oil field. Today, Donghua.com, Xinlang.com, and Baidu.com all showed news about the oil spill in the Gaoshangbao 35-2 oil field." Seeing that Wei Quanshun was not impressed,
Zhang Hongmin continued:
"They quoted a picture posted on a scarf by Sun Xuefeng, general manager of Jinfeng Company, which showed oil leaking from the wellhead of our platform."
"Jinfeng Company? What does it do?"
Zhang Hongmin, as the secretary of the board of directors, had already understood the situation beforehand and explained: "Jinfeng is an agricultural technology company. It has contracted 2,000 acres of rice and tens of thousands of acres of tidal flats in Gaoshangbao. Our oil field is near their breeding waters.
.”
"Oh, then arrange for someone to contact the other party and listen to his conditions."
"Mr. Wei," Zhang Hongmin reminded: "The boss of Jinfeng Company is Chen Lidong's uncle. He is trying to get into trouble with us."
Wei Quanshun was stunned and began to frown: "That guy is quite powerful locally. Can't the oil leak be plugged?"
"I called and asked in the afternoon, and the engineering team in Ji City said that the sea there is frozen and it is dangerous for divers to go down to work."
Wei Quanshun slapped the table and said excitedly: "Then where did Sun Xuefeng's picture come from? Can he take pictures of oil leaks under water through ice? They can go under the water, but we can't go down?"
We need to pay more to hire divers, and I agree to spend thirty-five thousand. This is not a trivial matter, and it will cause us a lot of losses in the stock market. Can you help the people below do the math, why are you so reckless after the company is listed?"
While Wei Quanshun was chattering, there was a knock on the office door, and the Minister of Justice Zhang Xiaochuan walked in: "Mr. Wei, we are being sued."
"What? Who is suing us?"
Zhang Xiaochuan handed over several faxes, "It's Lanshi Jinfeng Technology, suing our oil well in Gaoshangbao for oil leakage that affected the other party's tidal flat farming. The subject of the lawsuit is 100 million yuan."
"100 million yuan?" Wei Quanshun received the fax. It was a summons and complaint from the court, requiring Huaxia Offshore Oil Co., Ltd. to appear in court in Binhai County Court within 15 days to respond.
Wei Quanshun was a little over the top. The oil field in Gaoshangbao belonged to the Jishi Branch, but according to the law, the branch was not an independent legal person. The court directly sent the summons and complaint and asked him, as a legal person, to respond.
The CEO of a central enterprise was summoned by a county court. What the hell is going on!
Jinfeng Company requested compensation of 100 million yuan. The other party said that the oil spill from Huaxia Offshore Oil's oil well caused pollution to nearby water bodies. This pollution will not return to normal within 5 years. In these 5 years, Jinfeng Group's contracting fees, seawater purification fees, and labor costs
, facility fees, etc. totaling 100 million yuan.
"It's dog-skin plaster!" Wei Quanshun threw the fax away, and then said: "Draw up a letter of authorization, and Xiaochuan will personally respond to the lawsuit on my behalf. Listen to what the other party has to say. It's best to settle out of court. If it gets too big, it won't have any impact on us.
good."
After Zhang Hongmin and Zhang Xiaochuan left, Wei Quanshun got himself a cup of coffee.
Before I could drink, the phone rang. After picking it up, the other party said: "Mr. Wei, this is Zhao Ruimin. The bureau just held a meeting and decided to send an investigation team to investigate the oil well in Gaoshangbao. I'll talk to you first.
Tell me."
"Oh, Director Zhao, thank you for taking the trouble." Wei Quanshun responded.
"Old Wei, how can such a trivial matter cause such a big fuss? Please handle it as soon as possible, so as not to make us inhumane inside and out."
"Okay, don't worry, Director Zhao is already handling it."
After hanging up the phone, Wei Quanshun couldn't sit still. The Ocean Administration was about to step in and it would definitely not be nice.
He picked up the phone and called Wang Baohui, the manager of the Jishi branch: "Hurry up and send someone to seal the leaking well pipe. Such a small thing can't be handled well. Do you still want to do it?"
On the phone, Wang Baohui was full of promises, saying that he would definitely handle it tomorrow and not let the boss worry about it.
Wei Quanshun turned on his computer and browsed online news.
"Oil spill at sea" was posted on the news home page of several major websites, and scarves were also on the hot search. It is said that this is called fermentation on the entire Internet.
Someone moved half a century of oil spills from offshore platforms online and began to describe the harm of oil spills to sea pollution.
Someone also found a videotape, edited the video and posted it online. In fact, it was training lecture material at Yanjing Petroleum University.
In June 1979, an oil spill occurred on a drilling platform in the Gulf of Mexico. This was the most serious oil platform oil spill since the advent of offshore drilling platforms.
In the video, a mixture of oil and natural gas spurts out from the wellhead of the platform like a fountain, burning and spraying high into the sky. The pillar of fire is tens of meters high, and thick smoke billows into the sky.
The subtitles in the video said that the oil well had been erupting for several months, and people had to drill a well nearby to reach the oil and gas layer in order to reduce the pressure of the accident well.
Later analysis showed that during this oil spill, 4,800 tons of oil spewed out of the oil well every day, more than 2,000 tons of which were burned on the spot, and another 2,000 tons evaporated into the air.
The accident formed an oil belt of 1,000 square kilometers on the sea. In the end, the Maple Leaf Air Force sent a rescue aircraft to drop hundreds of tons of descaling agent on the oil belt, but the effect was not obvious.
The nearby sea area was classified as a special danger zone a year later, and the accident caused immeasurable damage to the balance of the marine ecological environment.
Then, Wei Quanshun saw that a person named "Shun Ge" on the Internet analyzed: "The oil well pipe leakage problem in Gaoshangbao may be related to the frost heaving force of the well pipe."
Someone responded: "I worship the great god! Can the great god analyze the specific reasons?"
"Kneel down, kneel down, primary school students listen to the teachings of the great god."
...
"Brother Shun" made a few smiley faces, and then said: "Sealing well pipes requires very strict requirements on well pipe sealing technology, thread strength, and pipe body fracture strength.
The threaded part at the connection between the oil well base conduit and the well pipe is the weakest link of the well pipe.
The oil layer in the Gaoshangbao oil field is shallow, about three to four hundred meters, and the well pressure is not too high; while the depth of this oil field is not very deep, about 10 meters.
Currently, the temperature above the sea surface in Gaoshangbao is minus 11 degrees, while the underwater temperature may be minus 1 to 2 degrees.
I suspect that the insulation measures for the oil well pipes in Gaoshangbao are not in place and the temperature of the well pipes above the sea surface is too low. When the frost heave force is transmitted to the threads, it may cause the threads to trip and be damaged."
"Oh, that's it. I can't understand it anyway."
"I don't know how serious it is. Is there any expert in the industry who can drive Brother Shun away?"
"It is said that Donghua's oil wells are producing on the Sakhalin Island, and the temperature above the sea surface should be lower. What do they do?"
"Brother Shun" replied: "The offshore drilling platform manufactured by Donghua adopts electric heating rubber casing technology. The electric heating wire and sensor are wrapped in the rubber casing, and then the well pipe is protected so that frost heaving will not occur.
question."
Wei Quanshun clicked on the information of the account "Brother Shun" and almost turned his nose with anger. This guy turned out to be the chairman of Donghua Mechanical and Electrical Company.
He felt a little aggrieved. Didn't I just seize a few of your boats? Why are you, Donghua, biting each other like crazy dogs?
The seizure of Donghua's LNG ship was proposed by the Shanghai branch of CNOOC. Donghua's natural gas prices were low and took away the market of the Shanghai branch, so he, the mother-in-law, used her upper-level connections.
Doing this is indeed a bit of a violation of the rules.
It’s true that if you do the first grade of junior high school, someone will do the fifteenth grade.
Wei Quanshun opened the Tonghuashun website and checked the market value of his own stock. Damn it, today's closing price dropped by more than a point. More than a point, the market value has evaporated by 80 million!
Suddenly Wei Quanshun remembered that someone had told him that this Flush website also had Donghua's background.
Wei Quanshun threw away the mouse and leaned on the boss's chair in a daze.
Chapter completed!