Contractors Unlimited

Contractors Unlimited
Snapshot

Nexen

Nexen Inc is one of Canada's largest energy marketing companies, selling proprietary and third-party natural gas, crude oil, natural gas liquids, ethanol, and power in certain regional markets. The company was formed in 1972 and was originally known as Canadian Occidental Petroleum Ltd. Core Business Activities are exploration, development, production and marketing of crude oil and natural gas and manufacturing and marketing of sodium chlorate and chlor-alkali products (chlorine, caustic soda and muriatic acid). The company is also a specialised retail provider of customized electricity and natural gas solutions.

Core Oil and Gas Business Locations:
  • UK - North Sea
  • Yemen
  • Gulf of Mexico
  • Canada
  • Long Lake
  • Syncrude
UK North Sea:
The UK North Sea is a key producing area. Assets include a 43.2% operated interest in the Buzzard field and facilities, a 41.9% operated interest in the Scott field and production platform, a 71.8% operated interest in the Telford field, interests in several satellite discoveries and more than 750,000 net undeveloped exploration acres. Nexen are a significant regional player with concentrated assets, infrastructure and exploration potential for future growth. The company's North Sea properties have high-margin reserves and production, diversify their global portfolio by adding strong assets in a stable jurisdiction, and complement the company's other longer cycle-time projects.

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Last updated 03/09/09

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