Nexen releases 2012 Sustainability Report

PRINT AND ONLINE VERSION AVAILABLE 
CALGARY, July 23, 2013 /CNW/ - Nexen Energy ULC reported today the release of 
its 2012 Sustainability Report, a review of the company's health, safety, 
environmental, social and economic performance for the year. The report 
outlines Nexen's performance in 2012 and includes trends for the past three 
years. 
"This report demonstrates the effort Nexen's employees are making to maximize 
the benefits and minimize the negative impacts of energy development," said 
Kevin Reinhart, Nexen's CEO. "We are immensely proud of our past successes and 
have prioritized strategies for areas where we need to improve." 
Highlights from the report include: 


    --  Set a new record for lost time injury frequency at Nexen's UK
        operations — an 18% improvement over 2011.
    --  Surpassed safety targets and completed maintenance work without
        any lost time injuries for three major turnarounds — at
        Buzzard and Scott in the UK North Sea and Long Lake in the
        Canadian oil sands.
    --  Reduced the number of reportable environmental exceedances to
        195, from 445 in 2011.
    --  Together with project partners, planted 1.6 million trees and
        shrubs in Canada's oil sands region between 2009 and 2012.
    --  Created 315 jobs in communities surrounding exploratory
        projects in Colombia.
    --  Invested approximately $13.1 million in communities through
        grants and donations.
    --  Named to the Dow Jones Sustainability Index and the Global 100
        Most Sustainable Corporations.

Priorities for improvement include efforts to eliminate work-related injuries, 
hydrocarbon spills and environmental exceedances.

Nexen created the 2012 Sustainability Report using the Global Reporting 
Initiative (GRI) G3.1 Guidelines, an internationally recognized standard in 
sustainability reporting (Application Level B+). Since 2004, Nexen has had 
select performance indicators assured by an external verifier; 2012 data was 
assured by Deloitte LLP.

The on-line disclosure, which includes articles, photos, data tables, charts 
and graphs and videos featuring Nexen employees, partners and stakeholders, 
provides more comprehensive sustainability information that complements the 
print report. Both are now available at www.nexeninc.com/2012csr.

Nexen is an upstream oil and gas company responsibly developing energy 
resources in the UK North Sea, offshore West Africa, the United States and 
Western Canada. A wholly-owned subsidiary of CNOOC Limited, Nexen has three 
principal businesses: conventional oil and gas, oil sands and shale gas.

This report contains forward-looking statements and forward-looking 
information, including statements regarding: planned environmental and 
regulatory targets, performance, monitoring and initiatives; planned safety 
targets and programs; planned studies, evaluations and internal management 
system audits; planned emission monitoring, reporting, reduction and recovery; 
planned technological and systems advancements, developments, implementation, 
testing and initiatives; planned support of research; planned emissions offset 
and climate change policy; statements about possible future events, 
conditions, results of operation or performance; and changes in any of the 
foregoing. All forward-looking statements in this report are based on Nexen's 
current expectations, estimates and projections, and are qualified by the 
assumptions that are stated or inherent in such forward-looking statements. 
Although we believe these assumptions are reasonable, readers should not place 
an undue reliance on these assumptions and such forward-looking statements. 
The forward-looking statements are subject to known and unknown risks and 
uncertainties and other factors which may cause actual results, levels of 
activity and achievements to differ materially from those expressed or implied 
by such statements. Except as required by law, Nexen undertakes no obligation 
to update publicly or revise any forward-looking statements, whether as a 
result of new information, future events or otherwise. The forward-looking 
statements contained herein are expressly qualified by this cautionary 
statement. Readers should also refer to the Risk Factors contained in our 2012 
Annual Information Form, and to the Quantitative Disclosures about Market Risk 
and our Forward-Looking Statements contained in our 2012 Management Discussion 
and Analysis. All financial information is in Canadian dollars.

David Coll Phone: 403-699-5162 Email:David_coll@nexeninc.com 801 - 7th Ave 
SW, Calgary, Alberta, Canada T2P 3P7 www.nexeninc.com/2012CSR

Image with caption: "Nexen releases 2012 Sustainability Report. (CNW 
Group/Nexen Inc.)". Image available at:  
http://photos.newswire.ca/images/download/20130723_C9043_PHOTO_EN_29198.jpg

SOURCE: Nexen Inc.

To view this news release in HTML formatting, please use the following URL: 
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CO: Nexen Inc.
ST: Alberta
NI: OIL ENV ECO 

-0- Jul/23/2013 14:44 GMT


 
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