Road to becoming the wealthiest: Starting From Treasure Hunting in the Cabinets
Chapter 1019 - 552: There are actually such advantages to take advantage of!_2

Chapter 1019: Chapter 552: There are actually such advantages to take advantage of!_2

The Group initially had complaints about the low volume of work, but that’s not the case anymore!

As long as Sean Knight’s network is in place here, will there be a shortage of infrastructure projects?

We’re building roads and houses now, and naturally, there will be much more to construct later.

The lion’s share is still to come!

Looking at the map, Craig Davis realized that Sean Knight’s influence had expanded to thousands of square kilometers and felt that this strategic move was just perfect!

On the third night of his stay at the base, Oliver Bear had basically determined the coal mine’s reserves and the quality of the coal. The quality here might not match China’s best Taixi Coal, but it wasn’t far off either.

The coal here also possessed the "three lows and six highs" advantage, meaning low ash, low sulfur, low phosphorus, high calorific value, high mechanical strength, high specific resistance, high chemical activity, high raw coal block rate, and high clean coal recovery rate.

Moreover, the reserve was massive—to be conservative, also about seven or eight hundred million tons.

Since it was a preliminary estimate, there might be some discrepancies, but only more, not less.

"Professor Brown, I have another matter to ask about." Thinking about his departure to the Middle East tomorrow, Sean Knight felt it would be a pity not to consult an expert right in front of him.

"Mr. Knight, please go ahead." Oliver Bear, while enjoying hand-grabbed mutton, responded.

"I’m about to get involved with an oil field," said Sean Knight, wiping his hands, "The oil field has just started development, and the quality of the oil is decent. My question is similar to the one about the coal mine: I’m looking to see if it’s worth making a substantial investment."

Oliver Bear hadn’t expected that Sean Knight was already eyeing an oil field while the development of the coal mine had not yet begun.

He put down the meat in his hand and asked:

"Do you have specific data about the oil field, including the oil products?"

"Yes," replied Sean Knight from memory, "The quality of the oil is quite good, with an API gravity of 44.2, sulfur content of 0.0843%, relatively light and sweet oil. As for the reserves of the oil field, it should be less than one hundred million tons. I haven’t received the detailed data yet.

Since the extraction has just begun, the fields are still self-spraying wells, and the number of wells is not many, so many data points are still lacking."

"That data is already quite impressive!" Oliver Bear exclaimed upon hearing the figures Sean Knight had mentioned, almost jumping up:

"If that’s really the case, it’s a strategic-level oil field! This kind of oil can even be used directly without separation!

The world’s best crude oil comes from Malaysia’s Tapis crude oil, and those figures are only slightly better than your field’s. The quality of oil from the Middle East, Americans, including Russia’s, is not as good as yours... Mr. Knight, you’re not joking, are you?"

Sean Knight considered himself a complete layman concerning the oil field, and the data he had quoted were from the figures Elijah Hastings had given him.

Seeing Oliver Bear’s reaction, he felt he might have underestimated the oil field!

"Mr. Knight, are you sure the oil field has only just begun to be exploited?"

"Yes," Sean Knight pondered, then replied, "From its discovery till now, the amount extracted should not have exceeded 5,000 tons..."

"Then this is really the most valuable time!" Oliver Bear started to envy Sean Knight’s good luck!

"Despite the fact that those oil fields have reserves of hundreds of millions, billions, and even tens of billions of tons, the best and least expensive phase to exploit is usually just the first tenth of those reserves.

Initially, most of them are self-spraying wells, requiring less investment, quick oil production, and better quality oil.

In the mid to late phases of extraction, as the amount of oil in the field diminishes and self-spraying wells disappear, injection into the field is necessary to pump the oil out, increasing the investment.

Why did the Americans suddenly attack Iraq and seize their oil fields? It was for those fields, wasn’t it?

They practically took over the best and easiest initial phase of extraction for themselves.

Although we have invested in some overseas oil fields, the initial and easiest phases of extraction have mostly passed, and we’ve reached the stage where significant investment is required for extraction.

So Mr. Knight, your oil field—has unlimited potential!"

After hearing Oliver Bear speak, Sean Knight started to feel a sense of urgency.

He really hadn’t realized that crude oil extraction involved so much complexity and immediately started thinking that he had really delayed things the past two days.

If he had known this, he should have headed to the Middle East as soon as he received the news and secured the procedures for the oil field first!

The world’s best oil... the thought alone excited Sean Knight!

Well, not the best, but even being second best would be great!

"Mr. Knight, where is that oil field?" Oliver Bear asked, curious as Sean Knight fell silent, "Is there a chance for us to see it?"

"There will be an opportunity. However, it will take some time," Sean Knight vaguely said, "I still have some procedures to confirm, so..."

"I understand," Oliver Bear didn’t press further, picking up the hand-grabbed mutton again and saying while eating, "Let me know once you get it sorted out. I’d like to see such an oil field—I’ll pay for myself, it won’t trouble you."

Sean Knight could see that Oliver Bear genuinely wished to see such an oil field, so he didn’t brush him off, but since things weren’t settled yet, he couldn’t make any grand promises.

Oliver Bear’s three students, looking at the increasingly enigmatic Sean Knight, felt he was becoming more and more mysterious.

There was no need to mention the coal mine, as they had already been excited by its proximity. The quality of the coal was really very good.