Buzzard Field, North Sea
(Click to Enlarge)
Nexen has completed the acquisition of EnCana Corporation's UK subsidiary, EnCana (U.K.) Limited,
for US$2.1 billion. This acquisition includes EnCana's interests in the world-
class Buzzard discovery, along with the Scott and Telford producing fields,
plus other satellite discoveries, and interests in exploratory blocks
totalling approximately 740,000 net undeveloped acres. We also gain a proven
UK management and technical team with an excellent track record.
"This acquisition firmly establishes us as a significant player in the
North Sea, with current production, high quality operated infrastructure and
built in growth from the Buzzard development," commented Charlie Fischer,
Nexen's President and Chief Executive Officer.