Nexen Inc.
Company Information

Nexen Inc. Company Profile

"Where next?" is the question asked by Nexen, a globe-trotting oil and gas company. It has exploration and production activities primarily in the UK North Sea, the US Gulf of Mexico, western Canada (including unconventional natural gas resource plays such as coalbed methane and shale gas, and the Athabasca oil sands of Alberta), Yemen, offshore West Africa, and Colombia. In 2011 the company reported proved reserves of more than 1 billion barrels of oil equivalent. Nexen is also involved in power marketing in North America. In a major move, in 2012 China's CNOOC agreed to buy Nexen for $15 billion.