Nexen Marketing is a division of Nexen Inc., a Canadian-based global energy company headquartered in Calgary, Canada and listed on the Toronto and New York stock exchanges (NXY). Nexen explores for, develops and produces crude oil, natural gas and power. Through our production operations in Canada, the US, the North Sea, the Middle East, Colombia and West Africa we are estimating production for 2008 of 260-280 mboe/d.

As a Producer Marketer, we are focused on the physical aspects of the energy marketplace and the need to be reliable and sustainable. At Nexen, we are recognized for our unique approach to business through our Energy Bridge, constructed of a portfolio of assets, experienced staff, and trading & marketing capabilities that bridge the gap between producers and end users.

We strive to create trusting and long-term relationships with each of our clients. We commit to being a dependable, honest and responsive energy partner for all of our customers. We listen closely to our customers and offer customized energy solutions to address their challenges or needs. Our goal is to be a value adding energy partner.

Gas:

• #1 rated North American gas buyer
• Top 10 North American gas marketer
• Expanding in Europe

Crude Oil:

• Market ~1 mmbbls/d globally
• Terminals in North America and Yemen
• Operational flexibility worldwide

Power:

• 3 generation plants including a wind farm in Western Canada
• Wholesale trading and retailer operations in Alberta
• Expanding in North America and Europe

NGL's:

• 25 mbbls/d of physical sales
• Canada and US market area storage
• Flexible transport and supply

Emissions:

• Active Emissions trading in Europe

Nexen Marketings Energy Bridge adds value with

• Reliable supply for our customers
• Reliable market for our producers
• Competitive pricing
• The knowledge and experience of our team of energy professionals
• Access to an extensive infrastructure portfolio of reliable assets to serve our clients
• Collaborative, customized energy solutions to meet client needs and challenges
• Producer Marketer roots that understand the physical logistical challenges in today's market
• Committed to building lasting business relationships with our clients

Industry Recognition

• Canadian Producer of the Year for 2006 - Oilweek
• Dow Jones Sustainability World Index - we are one of 19 oil and gas companies and one of 10 Canadian based companies, from all sectors to achieve a place on the 2007 Index
• Energy Institute's Award (London) - International Platinum Award 2007 for Project of the Year for Buzzard
• Energy Institute’s Award (London) - Communications Award 2007 for Buzzard
• Platt's Global Energy Awards (New York) - Engineering Project of the Year 2007 for Buzzard

Customer Testimonials

• “They are faster, more responsive, make decisions quickly, bill accurately and are just good, honest people.”
• “They have availability of supply. They are flexible, have competitive pricing and good customer service. They have a partnership kind of relationship with us.”
  *As quoted in Mastiogale's Natural Gas Marketer Study 11th Edition - 2007