Interest Payable on Nexen's 7.35% Subordinated Notes

October 3, 2008 10:44 AM EDT

CALGARY, ALBERTA--(Marketwire - Oct. 3, 2008) - Nexen Inc. announces the regular quarterly interest payment on its 7.35% Subordinated Notes due 2043 of US$0.459375 per note, payable November 1, 2008, to note holders of record on October 15, 2008.

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

Nexen Inc. is an independent, Canadian-based global energy company, listed on the Toronto and New York stock exchanges under the symbol NXY. We are uniquely positioned for growth in the North Sea, Western Canada (including the Athabasca oil sands of Alberta and unconventional gas resource plays such as coalbed methane and shale gas), deep-water Gulf of Mexico, offshore West Africa and the Middle East. We add value for shareholders through successful full-cycle oil and gas exploration and development and leadership in ethics, integrity, governance and environmental protection.

FOR FURTHER INFORMATION PLEASE CONTACT:
        Michael J. Harris, CA
        Vice President, Investor Relations
        (403) 699-4688

        Lavonne Zdunich, CA
        Analyst, Investor Relations
        (403) 699-5821

        Nexen Inc.
        801 - 7th Ave SW
        Calgary, Alberta, Canada T2P 3P7
        Website: www.nexeninc.com

Source: Nexen Inc.

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