Interest Payable on Nexen's 7.35% Subordinated Notes

             Interest Payable on Nexen's 7.35% Subordinated Notes

  PR Newswire

  CALGARY, January 5, 2013

CALGARY, January 5, 2013 /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
February 1, 2013, to note holders of record on January 15, 2013.

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

About Nexen

Nexen Inc. is a 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.

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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