Nexen Appoints New Board Chairman (Canada)

The Board of Directors of Nexen Inc. announced that Barry Jackson, a 37 year veteran of the oil and gas industry, has been appointed chair of the Board, effective at the conclusion of the Annual General Meeting of Shareholders at 11 am today.

Mr. Jackson, who has served as a Nexen Board member since 2001, is the past President and CEO of Crestar Energy Inc. and a former executive of Northstar Energy Corporation. In addition to his duties at Nexen, he is also chair of the Board of TransCanada Corporation and a subsidiary, TransCanada Pipelines Ltd. He also serves as a director on the Boards of Westjet Airlines Ltd. and Laricina Energy Ltd.

Mr. Jackson has a Bachelor of Science degree in engineering from the University of Calgary and is a member of the Association of Professional Engineers and Geoscientists of Alberta. He was awarded a Fellowship by the Institute of Corporate Directors in 2010 for his outstanding governance contributions to Canadian enterprises.

Francis Saville, Q.C., who has served as Nexen’s chair of the Board for the past seven years and whose term as chair has expired, will remain a member of the Board.

“Barry brings to his new role a breadth of knowledge and expertise in operations, financial, compensation and governance matters, and the Board is confident he’ll be an outstanding steward of investor interests,” said Mr. Saville.

Nexen Inc. is an independent, Canadian-based global energy company, listed on the Toronto and New York stock exchanges under the symbol NXY. Nexen is focused on three growth strategies: oil sands and shale gas in western Canada and conventional exploration and development primarily in the North Sea, offshore West Africa and deepwater Gulf of Mexico. Nexen adds value for shareholders through successful full-cycle oil and gas exploration and development, and leadership in ethics, integrity, governance and environmental stewardship.

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Source: Nexen, April 25, 2012