Energy XXI targets Southeast Asian offshore assets

10/17/2013 | Bloomberg Businessweek

Energy XXI is assessing offshore oil and natural gas prospects in Southeast Asia and could make an acquisition within the next 18 months, said John Schiller, the company's chairman and CEO. The company operates five of the largest shallow-water oil fields in the Gulf of Mexico. "When we look around the world, places like Southeast Asia, the geology's very similar, the sand’s very similar," Schiller said.

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