Interest Payable on Nexen's 7.35% Subordinated Notes

Nexen Inc. announced the regular quarterly interest payment on its 7.35% Subordinated Notes due 2043 of US$0.459375 per note, payable May 1, 2007, to note holders of record on April 15, 2007.

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 that is positioned for growth in the North Sea, deepwater Gulf of Mexico, the Athabasca oil sands of Alberta, the Middle East and offshore West Africa.