Friday, May 15, 2015

Expectation of a project in my company

Today,I want to talk about some of my work experience because the most of the words in chaper 4 are about business and financial issues.I used to work in a 500 Fortune company for 2 years.The main business area of our company was energy,and the main business was to explore and trade oil.From 2007 to 2013,our company did 5 large acquisitions,and some of them required a large amount of investments.For example,in 2010,Sinoehem aquired a project called Peregrino,which was a large offshore oil field.To purchase this oil field,Sinochem had paid 3.07 billion dollars to acquire 40% of the whole asset.However,affected by the fluctuation of oil price in 2014,the profit of this project reduced a lot and Sinochem beard serious pressure on its financial situation.Accompanied by the consecutive decline of the economy of Brazil,the formal expectation to this region also decreased,and the financial risk of this project also increased.Therefore,Sinochem was attempting to sell some shares of this project in order to soften the risk.However,under such tense circumstance,this acquisition will not be as easy as the one happened 5 years ago.As a result,it is really important to the leadership to decide their next steps of development of this company,   

1 comment:

  1. Li, something tells me you will be a great success in the near future.

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