What the hell is a private enterprise?

Chapter 317 Judgment
Levi relayed the information that oil extraction had begun in the Spratly Islands, and the IAA and Robert learned of it almost simultaneously.

It is well known that military industry giants are long-term partners of the IAA.

Upon seeing the message Wells sent back, Robert couldn't help but whistle.

The daily production is 2500 tons, all of which is the same high-grade crude oil with a premium that we received last time.

Moreover, according to the data from the UK, the total oil reserves in the South China Sea are in the billions of tons. The fact that Gaijin was able to drill a flowing well indicates that the oil layer he found was quite large.

Tang Wen also guaranteed that the daily output would reach 1 tons within two months, and that was just from one well!

It is conceivable that once this deal is completed, it will be enough to ensure that McDonnell Douglas will receive sufficient funds for the next few years.

"Great! They not only have an endless supply of cheap labor, but also oil! Ha!"

Brest, the think tank expert standing nearby, finally cleared up the mystery:
"So, as a private company, Gaijin is willing to go head-to-head with the monkeys at any cost, and then uses tricks to obtain a legal claim for land reclamation and island building."

Although the process was complex and dangerous, it proved to be entirely worthwhile.

Tom: "I was even more shocked that Gaijin was able to obtain an oil exploration permit. Even if they were a front man, the implications behind it are enormous."

"Tsk tsk, it seems they will become our good friends."

Kazimirz saw through the truth at a glance. Although he was anti-bear, he knew quite a bit about rabbits.

The University of Tokyo is currently undergoing an unprecedented privatization process, starting with individual businesses, then opening up the food, textile, and electronics sectors, with the automotive industry rapidly following suit.

What's next?

Clearly, they have also chosen to open up the oil market to private capital.

This is great news.

Just like Volkswagen in Shanghai, although it is mandatory to keep the joint venture share below 50%, it has indeed allowed foreign capital to enter the domestic market in a reasonable manner.

What about the future?
Now that Gaijin has obtained an exploration permit, in a few years, it may be allowed to explore for oil in the form of a joint venture!
The other side of the Pacific is becoming what they want to see, increasingly unafraid of threats.

Kazimirz's view was unanimously agreed upon by everyone, and in their minds, the Middle East became the third brother (an enhanced version of the resource).

Brest: "Now we'll see what kind of person Don is. If he's close to us and takes the lead, I think it's worth getting in touch with."

Robert immediately interjected:
"Tang will be flying over soon, and he's far too young. I think you know what that means."

People around him began to nod in agreement; he was clearly a rich kid.

Rams continued:
"Furthermore, the Pacific Fleet assessed the role of the Reed Bank hub, and we believe that:"

This is just another failed attempt.

Rams, representing the opinion of the Imperial Army, did not consider them to be a significant threat.

Especially the strategy of breaking through to the south, even if it succeeds, what can be accomplished?
Are we heading south to catch kangaroos?

Kazimirz's acceptance of the proposal from a humanitarian perspective implies that Washington will not object, given that it's a big deal.

The biggest obstacle has been basically resolved.

Robert looked at Rams with some excitement:
"Sir, the price of the MD-11 will drop again. Does the Air Force need to order some MD-11-based tanker aircraft and electronic warfare aircraft? Its performance is much better than the KC-10."

Rams:
"Actually, I think exploring Antarctica requires specially prepared, cold-resistant aircraft, and the Air Force may put out a bidding process."

The two understood each other implicitly; it was a tacit understanding unique to their two identities.

Generals in the imperial army always have to consider their retirement. Generally speaking, companies with which they had a good relationship when they took office will hire them as vice presidents with high pay and little work after they retire.

Robert waved his arms and looked out the window, somewhat anticipating Tang Wen's arrival.

...On March 8, a seaplane brought back the remeasured geological data.

A day later, two experts from the Ministry of Petroleum arrived in Tai Wan with a group of people and took a seaplane to Gongzhen Port.

On March 10, the day before Tang Wen was to depart, the Beijing University of Geosciences sent an expedition team.

However, before they boarded the seaplane, the leader, Wang Ganqing, found Tang Wen.

As Chu Zhen's fellow apprentice, Wang Ganqing was already quite old and felt the impact that the Gongzhengang oil well had on his experience.

"Mr. Tang, I'd like to know who's leading Gaijin's exploration team. Could you please introduce us?"

Tang Wen did not answer, but instead asked:

"It sounds like you've run into some trouble?"

Wang Ganqing smiled wryly:

"Indeed, the kind of oil field you developed has a very low probability of existing in our simulation calculations, and even with the latest data for correction, it is difficult to obtain accurate results."

Perhaps you don't understand what this means; this discovery has exceeded the scope of our existing experience.

Tang Wen looked completely bewildered:
"I'm sorry, I don't know the secret either, and it's a trade secret of our company. Perhaps there will be an opportunity in the future."

"Of course you can survey as much as you like. The seaplane is yours to use free of charge, and I also hope to make new discoveries in geology."

After hearing this, Wang Ganqing had nothing more to say and boarded the plane with a group of disciples who were still unaware of the seriousness of the matter.

After watching them leave, Zhao Hande walked over unhurriedly:
"Your discovery is tremendous; it's the first time in China that we've discovered we can produce such high-grade oil."

If everyone can learn from Gaijin and discover more high-grade oil fields, it will greatly help us solve the problem of energy imports.

Those who conducted the surveying back then are not having a good time now; the authorities are reinvestigating the operation.

Tang Wen could only pray silently in his heart, after all, he really didn't mean it.

Zhao Hande: "By the way, how much are the estimated reserves of Gaijin?"

"It's estimated that there are at least 30 billion tons of sediment beneath the Lile Beach, and that's just the shallow layer; there may be even more in the deeper layers."

Tang Wen reported a roughly reasonable figure, since virtual oil extraction does not affect the actual reserves, so this statement is not wrong.

The permit for gold mining is valid for 15 years. If tens of millions or hundreds of millions of tons are produced annually for seven or eight years, the Ministry of Petroleum will conduct an assessment:
Huh? There are still so many reserves?
So it's perfectly fine to report more; just say it's a deep oil well being filled up.

The potential danger is that it could create the illusion that "we are also an oil-rich country" in China. It should be noted that more than 20 years later, the discovery of an oil field with reserves of 1 million tons would be a cause for great boasting in China.

With reserves of 100 million tons, actual production reached 40 million tons before gradually drying up, making it difficult to continue producing oil.

Of course, if it is indeed necessary in the future, Tang Wen could fill in all the islands and reefs in the Spratly Islands into a single continent, which might actually be able to directly supply the entire domestic demand.

However, that would likely require an astronomical fleet; it might be simpler to just go directly to the Persian Gulf to transport supplies.

After all, if we had a thousand battleships, we might as well try to take on 11 aircraft carriers.

Tang Wen was lost in his own thoughts, but the number he casually mentioned kept Zhao Hande on his toes.

The Lile Shoal alone contains at least 30 billion tons, so how much is there in the entire South China Sea?

No way, no way, can it be that people in China can live a life where they can count money while lying on the ground or at sea?

Even after arriving at the airport the next day, Zhao Hande was still unable to calm down.

(End of this chapter)