Chapter 359 Colo Petroleum Company

A recently published article in the American "Business Weekly" pointed out that after four years of adjustment, European telecommunications companies have acquired the ability to integrate mergers and acquisitions.

The overall debt level of the European telecommunications industry has now dropped to 1.4 times earnings, the lowest level in history.

Merrill Lynch predicts that Europe's 20 largest telecommunications companies will spend $207 billion in "war fundraising" for mergers and acquisitions in the next three years.

Of course, abundant funds are only one of the reasons for the increase in mergers and acquisitions. The pursuit of profits is the biggest driving force for mergers and acquisitions.

Due to the gradual saturation of the domestic market, communications giants in some large European countries have gradually turned their attention to foreign markets, and nearby markets are their preferred targets.

Analysts pointed out that after these telecom giants have eaten up their "nest grass", they will shift their attention to farther places.

Yankee Group, an American telecommunications industry research organization, predicts that from 2005 to 2008, the total revenue of mobile communications services in Western Europe will increase at an annual rate of 3.9%, while at the same time, the growth rate of similar businesses in Africa, the Middle East and Eastern Europe will reach 12.6%.

It is precisely because of this that telecom giants in Western and Northern Europe have begun to acquire telecom companies in Eastern Europe...

Naturally, O2 Telecom is not willing to miss such an opportunity.

According to O2 Telecom's analysis, the acquisition of Czech Telecom can expand O2 Telecom's business from the current British, French and German markets to the Eastern European market.

Relatively speaking, the competition in the British, French and German markets is more intense, while in the Eastern European market, due to economic development reasons - in recent years, Eastern European countries have continuously joined the EU, and the economic development of these countries has been accelerated - coupled with the original growth of these countries. Telecom companies, mainly controlled by the government, are relatively backward in development and therefore have greater development potential.

If the acquisition of Czech Telecom can be completed, O2 Telecom will have a location in Eastern Europe and can expand to more countries.

Immediately after forming a merger and acquisition consortium with Caesars Fund, O2 Telecom sent people to the Czech Republic to participate in the merger and acquisition of Czech Telecom.

…

"After seeing those pictures just now, you may have felt deeply like me. We are accustomed to living in a modern civilized world. It can only be said that we are lucky, but don't forget that there are many people who live in The conditions are very poor, and basic medical care cannot be met. A large number of women and children have died as a result. This is what our Devonshire Charitable Foundation hopes to change and save. After the establishment of our Charitable Foundation, we have invested More than £50 million has been spent on improving medical conditions in underdeveloped areas around the world, including Africa, the Middle East and many parts of Asia, where our projects are ongoing..."

With a compassionate expression, Barron said sincerely to the people in the audience:

“Of course, the power of our Devon Hill Charitable Foundation is still small, but thank God, there are many like-minded friends working hard with us, which makes us believe that the future of mankind must be Bright, now we invite our partner, Princess Amina from the Al-Waleed Foundation to speak on stage..."

Seeing Amina, who was wearing a bright dress, walking on stage, Barron handed the microphone to her in a gentlemanly manner.

Since the last trip to Riyadh, Saudi Arabia, the Waleed Foundation, together with the Devon Hill Charitable Foundation, has invested in improving the medical and health system conditions in West Africa, mainly in Kolo. So far, it has achieved results Some achievements.

After Barron returned to the stage, accepted the praises of many people around him, and responded humbly, while watching Princess Amina on the stage gracefully begin her speech, his personal assistant Wang Wanting walked up to Barron and said He whispered in Chinese:

"Your Highness the Duke, there is news from Colo about the results of offshore oil and gas exploration..."

After hearing the news, Barron raised his eyebrows slightly and said:

"I will contact them later. Please receive the general information first and keep it confidential."

The total length of Colo’s coastline is nearly 80 kilometers.

The Inner Asian Gulf is part of the Atlantic Ocean and is the largest gulf in Europe. More than 10 countries along its coast and adjacent areas are rich in oil resources. Its oil geological reserves are estimated to exceed 80 billion barrels. About 80% of the oil reserves are distributed in the waters under the jurisdiction of Nigeria and Angola...

Experts from energy agencies have analyzed that the oil production of the Western Sea will exceed that of the North Sea in the future, and even exceed the combined oil production of Venezuela and Mexico. Due to the late start and the weak economic and technological strength of neighboring countries, the oil resources in this sea area have not yet been exploited on a large scale. , huge prospects.

However, if the oil and gas exploration results for the Colo offshore are announced, this previous conclusion may be changed.

After acquiring the British Oil and Gas Investment Company, Caesar Fund asked them to send personnel as quickly as possible to the coastal areas of Colo for oil and gas exploration.

Now, we finally have a preliminary conclusion. It can be said that this result is still very surprising. Only in that area, oil and gas indicators have been discovered. The estimated oil reserves in the currently detected area will exceed 5.5 Billion tons, what is this concept?

You know, the oil reserves in the entire North Sea oil field are nearly 5.7 billion tons. In other words, the reserves discovered so far are close to one-tenth of the entire North Sea oil field!

And these are still preliminary exploration results!

And most of this offshore oil field is located in shallow sea areas with a water depth of less than 50 meters. In 80% of the areas, the water depth is even less than 20 meters. It can be said that the difficulty and cost of mining will be relatively low.

Prior to this, this exploration area had been determined, and the three parties of the Kolo government, the West African Mining Group, and the British Oil and Gas Investment Company had signed an agreement.

will jointly form the Colo Petroleum Company. The Colo National Development and Investment Company of the Colo government will invest in the exploration and mining rights of this offshore oil field area and hold 40% of the shares of the Colo Petroleum Company. West Africa Mining Group and British Oil and Gas Investment Company funded the development, with each party holding 30% of the shares.

This shareholding ratio, if we look at it from the perspective of Kolo, their government shareholding, plus the shareholding of local companies in Kolo, has a 70% share in Kolo Petroleum Company, and only 30% of the shares are owned by British Oil and Gas The "foreign capital" holding of the investment company completely kept most of its interests in Colo, and only used foreign capital's technology to mine.

In terms of actual control, West African Mining Group and British Oil and Gas Investment Company are both controlled by Barron, with a shareholding of 60%. As for Colo’s state-owned shares...

The existence of the Koro Legion will not give some local people in Kolo the possibility of getting rid of his control.

After the establishment of Colo Petroleum Company, it will first exploit Block 1, which has been roughly determined and is more than ten kilometers away from the coast of Colo. This is the block that has been found to be the least difficult to exploit and has relatively rich reserves.

Of course, it will take some time from preparation to formal exploitation. After all, neither the West African Mining Group nor the British Oil and Gas Investment Company has the ability to drill for offshore oil and needs to invite external bids...