Nexen Completes US$1B Senior Unsecured Note Offering

On July 30, 2009, Nexen Inc., a Canadian-based international energy company, completed a public financing in the aggregate amount of US$1 billion, consisting of US$350 million of 10-year senior unsecured notes and US$750 million of 30-year senior unsecured notes.

Acting as Canadian counsel to Nexen were William Osler, Brent Kraus, Philip Backman, Harinder Basra, Jessica Ferguson (corporate) and Darcy Moch (tax) of Bennett Jones LLP. Acting as US counsel to Nexen were Edwin Maynard, Peter Wright, Adam Balfour (corporate) and David Sicular (tax) of Paul, Weiss, Rifkind, Wharton & Garrison LLP.

The underwriting syndicate was managed by Banc of America Securities LLC, BNP Paribas Securities Corp., Deutsche Bank Securities Inc. and HSBC Securities (USA) Inc. The underwriters were represented by Adam Givertz, Irene Shih, Christian Kurtz (corporate) and Laurence Crouch (tax) of Shearman & Sterling LLP.