Buffalo produces high-quality crude oil which attracts a premium price and generates high netbacks.
Nexen acquired the remaining 50 per cent interest in this field in late 2000. This project provides an operating base for ongoing exploration and production in the Far East. Nexen operates five of our six exploration blocks in Australia and the Offshore Seram Block in eastern Indonesia. We expect to drill two exploration wells on our Australian blocks and test a large prospect on the Offshore Seram Block in 2001. Nexen Inc. All rights reserved.