“With volumes increasing steadily, Long Lake is approaching breakeven and we expect to generate positive cash flow later this year,” stated Marvin Romanow, Nexen’s President and Chief Executive Officer. “This will be an important milestone and shows the future cash generating ability of Long Lake as we continue the ramp up to design rates.”

- Marvin Romanow, President and CEO

Our strategy is simple, focused in three areas: oil sands, unconventional gas, and select conventional exploration and exploitation. We invest where we see the greatest opportunity to create long-term value — then we build enviable land positions, deploy expertise and apply technological solutions that give us a competitive edge. We have five value creators that are generating long-term shareholder value.