• 4 minutes Get First Access To The Oilprice App!
  • 7 minutes Blame Oil Price or EVs for Car Market Crash? Auto Recession Has Started
  • 11 minutes Japanese Refiners Load First Iran Oil Cargo Since U.S. Sanctions
  • 13 minutes Oil prices forecast
  • 7 hours *Happy Dance* ... U.S. Shale Oil Slowdown
  • 7 hours Emissions from wear of brakes and tyres likely to be higher in supposedly clean vehicles, experts warn
  • 6 hours Is Natural Gas Renewable? I say yes it is.
  • 2 hours Oceans "Under Fire" Of Plastic Trash
  • 1 hour Chinese FDI in U.S. Drops 90%: America's Clueless Tech Entrepreneurs
  • 6 mins Renewables in US Set for Fast Growth
  • 8 hours Making Fun of EV Owners: ICE-ing Trend?
  • 17 hours Algorithms Taking Over Oil Fields
  • 6 hours Socialists want to exorcise the O&G demon by 2030
  • 19 hours Europe Slipping into Recession?
  • 1 day How Is Greenland Dealing With Climate Change?
  • 24 hours Nuclear Power Can Be Green – But At A Price
  • 21 hours UK, Stay in EU, Says Tusk

Only Oil Insiders Are Looking At This Play

U.S. oil men usually love their home turf. Especially today, with U.S. shale plays yielding some of the best production and reserves numbers on the planet.

But one industry insider made a surprising comment last month. Showing that U.S. oil firms may be looking in an unexpected direction for growth.

The brief mention came during the quarterly conference call for Energy XXI (Nasdaq: EXXI)—a leading exploration firm in the Gulf of Mexico that I’ve discussed in the past.

President John Schiller was asked about growth opportunities for his company. To which the industry veteran replied that he is seriously looking at Malaysia.

This seems an odd jump for a Gulf-focused oil producer. But Schiller noted that Southeast Asia in fact has the same geology and structures as companies like Energy XXI see in the GOM.

He even pointed out that Asia was the offshore destination of choice for U.S. E&Ps after these firms initially developed the Gulf in the 1960s.

Put that way, the opportunity in Malaysia starts to make sense. Even more so once you dig into some of the recent developments in this nation—under-the-radar changes that may be positioning it as a go-to exploration destination for a new generation of junior E&Ps.

Big Potential, Small Production

Malaysia’s petroleum potential is certainly proven.

In fact, the nation is a powerhouse in one segment of the business: liquefied natural gas. In 2011, Malaysia…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin



Oilprice - The No. 1 Source for Oil & Energy News