Nexen Announces Government Approval of Ettrick Development

Nexen Inc. has announced the Field Development Plan for the Ettrick field located on Blocks 20/2a and 20/3a in the United Kingdom sector of the North Sea has been approved by the UK Department of Trade and Industry.

Nexen is the operator of the Ettrick Field with an 80% working interest. Other co-ventures include Bow Valley Energy Ltd. (12%) and Atlantic Petroleum (8%).

Production from the field is expected to commence in the first quarter of 2008 using the Aoka Mizu Floating Production and Offloading Vessel. Peak production from the field is expected to be approximately 20,000 barrels of oil per day.

"The North Sea is important to our overall growth strategy," said Charlie Fischer, Nexen's President and CEO. "Ettrick is a solid project that adds to our growth profile in this region beyond 2007."

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Posted 25/07/06

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