MOBILE SITE | DOING BUSINESS WITH US | CONTACT US | INTEGRITY HELPLINE ABOUT US OPERATIONS GOVERNANCE RESPONSIBLE DEVELOPMENT COMMUNITY INVESTMENT CAREERS Conventional Oil & Gas Oil Sands Shale Gas / Oil Exploration Energy Marketing Exploration An aerial view of a drilling rig in the Gulf of Mexico. Opportunity Knocks UK North Sea Nexen holds approximately 70 blocks in the UK North Sea and we continue to actively identify new areas of exploration and production. In addition to opportunities that can be tied-in economically to existing assets in a short time period, we also seek to establish new core areas through relatively unexplored areas of the basin. We continue to target oil-focused assets that are early life and generate strong cash flow. Gulf of Mexico Nexen sees significant exploration and growth potential in the Gulf of Mexico deepwater. Non-operated projects we are pursuing include Appomattox and Stampede Nexen holds a 20% non-operated working interest in Appomattox, a discovery located about 72 miles off the coast of Louisiana in approximately 7,000 feet of water. Operated by Shell Gulf of Mexico Inc., Appomattox is estimated to contain about 700 million boe of probable reserves. Production plans at Appomattox remain subject to regulatory approval. The project is expected to be designed with provisions of tiebacks of prospective discoveries in the area. Nexen also has a 25% non-operated working interest in the Stampede field, which is operated by Hess Corporation. Stampede is located about 170 miles southeast of New Orleans, Louisiana. Along with our partners, Nexen continues to evaluate development options for the Stampede field. CNOOC Limited Assets Nexen also manages exploration interests on behalf of CNOOC Limited: a 60% equity interest in Northern Cross (Yukon) Ltd., which operates exploration permits in the Yukon in northwestern Canada; and working interests in four Statoil-operated offshore oil exploration prospects in the Gulf of Mexico — 10% interests in Krakatoa, Logan and Cobra and 20% in Tucker. 2001-2014 © Nexen SHARE LEGAL | SITEMAP | |