loration block in Australia, which is under appraisal. Other Regions in Oceania The company owns interests in four blocks, which are still under exploration in Papua New Guinea and a joint research block in New Zealand. Africa Africa is one of the major oil and gas reserves and production base for the company. The company’s assets in Africa are primarily located in Nigeria and Uganda Nigeria The company owns 45% interest in the OML130 block in Nigeria. OML130 is a deepwater project comprised of four oilfields, namely, Akpo, Egina, Egina South and Preowei. In addition, Nexen Petroleum Nigeria Limited holds a 20% non-operating interest in Usan oilfield in the OML138 block in offshore Nigeria, together with various other discoveries and exploration targets. Nexen Petroleum Nigeria Limited made a new discovery in the area in 2015, namely Ukot South. Also, Nexen Petroleum Exploration & Production Nigeria Limited and Nexen Petroleum Deepwater Nigeria Limited hold an 18% non-operating interest in the OPL 223 and OML 139 PSC, respectively. Uganda The company owns one-third of the interest in each of EA 1, EA 2 and EA 3A in Uganda. EA 1, EA 2 and EA 3A are located at Lake Albert Basin in Uganda. Other Regions in Africa Apart from Nigeria and Uganda, the company also owns interests in various blocks in Equatorial Guinea, the Republic of the Congo, Algeria and the Gabonese Republic. In 2015, the company made a new discovery in REZ structure in Algeria. North America The company holds interests in oil and gas assets in the U.S., Canada, and Trinidad and Tobago, as well as part of the shares of MEG Energy Corporation in Canada. The U.S. The company holds 33.3% interest in two shale oil and gas projects in the U.S., namely the Eagle Ford and Niobrara shale oil and gas projects. In addition, the company owns interest in two major deep-water developments, Stampede and Appomattox, and various other exploration blocks in the U.S. Gulf of Mexico, through its wholly-owned subsidiary, Nexen Energy ULC (Nexen). The company also owns interests in various exploration blocks in offshore Alaska. Canada In Canada, the company, through its subsidiary, Nexen, owns 100% working interest in the oil sands project located at the Long Lake, as well as three other oil sands leases in the Athabasca region in northeastern Alberta. The company also holds a 7.23% interest in the Syncrude project and a 25% interest in various other non-operated exploration and development leases. In 2015, the company continued the development of the Long Lake project. Its net production averaged approximately 30,000 BOE/day. In addition, the company holds approximately 12.39% of the shares of MEG Energy Corporation in Canada. The company also owns a 60% interest in Northern Cross (Yukon) Limited, which owns oil and gas exploration blocks in the Yukon Province in Canada. Other Regions in North America The company owns 12.5% interest in the 2C block and a 12.75% interest in the 3A block in Trinidad and Tobago, respectively, of which the 2C block is in production. South America In South America, the company holds a 50% interest in Bridas Corporation (Bridas) and a 10% interest in the PSC of the Libra oilfield in Brazil. Argentina The company holds a 50% interest in Bridas and makes joint management decisions. Bridas holds 40% interest in Pan American Energy (PAE) in Argentina and 100% interest in AXION Refinery. Bridas engages in upstream oil and gas exploration and production activities, as well as downstream refining activities in Argentina and other countries. Brazil The company holds a 10% interest in the Libra PSC, a deepwater pre-salt project in Brazil. The oilfield is located in the Santos Basin, with a block area of about 1,550 km2 and water depth of about 2,000 meters. Other Regions in South America The company also holds interests in various exploration and production blocks in Colombia. Europe The company holds interests in various oil and gas fields, such as Buzzard and Golden Eagle in the North Sea. United Kingdom The company’s asset portfolio in the North Sea consists of project
cnooc ltd (883:Hong Kong)
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