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Happy Tycoon - Chapter 810

Published at 29th of September 2021 01:28:43 PM


Chapter 810: 810

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The area of surakhany oilfield is much larger than that of Bibi heybat oilfield, and the proven reserves of this oilfield, which covers an area of more than 100 square kilometers, are also much larger than that of Bibi heybat oilfield.

According to the data given by Soviet oil experts in the 1940s, the total reserves of surakhany oilfield exceeded 7 billion barrels. At the peak of the oilfield, there were more than 1000 oil wells in this area.

Of course, after nearly a century of exploitation, the oil field has almost no oil to be recovered, which can be seen from the fact that only dozens of kowtow pumping units are working in this large area.

Although Baku oil and gas area can not be compared with the peak period, it is still the main oil producing area of Azerbaijan. At present, the national oil production of Azerbaijan is still as high as 800000 barrels a day, but most of this production comes from undersea oil in the Caspian Sea and in areas further away from Baku.

In the past, the old oil and gas areas closest to Baku City have entered the twilight years, such as surakhany oilfield and Bibi heybat oilfield. Even if there are still several oil wells working, these two once brilliant oilfields have actually entered the countdown period of death.

Of course, this kind of death countdown does not mean that these oil fields are completely out of oil to be recovered, and there is the kind of undevelopable heavy oil left underground. This death countdown means that under the modern oil production technology, this kind of oil well that can only produce more than a dozen barrels or even a few barrels of crude oil per day has no large-scale industrial exploitation value.

Under such circumstances, Yang Jing and Guo Dabao, accompanied by Alec perov, read the two old oil fields, and Guo Dabao began to sign relevant transfer agreements with Alec perov.

For Yang Jing, it doesn't matter whether it's an old oil field that has completely died or an old oil field that still has a breath. Once the precious gas contained in the heavy oil is absorbed, half of the huge heavy oil that could not be exploited will inevitably become exploitable crude oil.

Therefore, for Rongbao mining, no matter what kind of old oil wells, as long as they are bought, they will definitely make a lot of money.

Of course, in order to revitalize some old oil wells, they must be installed.

The signing went well. Under the witness of lawyers from both sides, the contract involving US $110 million and 625 old oil wells was successfully completed under the pen of the boss of Luke oil company and the boss of Rongbao mining.

Yang Jing is the leader of Rongbao mining





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