Interest Payable on Nexen's 7.35% Subordinated Notes

             Interest Payable on Nexen's 7.35% Subordinated Notes

  PR Newswire

  CALGARY, October 3, 2012

CALGARY, October 3, 2012 /PRNewswire/ --

Nexen Inc. (TSX, NYSE: NXY) announces the regular quarterly interest payment
on its 7.35% Subordinated Notes due 2043 of US$0.459375 per note, payable
November 1, 2012, to note holders of record on October 15, 2012.

The notes are listed for trading on the TSX: NXY.PR.U and the NYSE: NXYPRB.

About Nexen

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

For further information:

Kim Woima, CA Senior Manager, Investor Relations +1-(403)-699-5821 801 - 7th
Ave SWCalgary, Alberta, Canada T2P 3P7
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