Blackbird Sings for Nexen in UK North Sea

Nexen has made a discovery in the UK North Sea at Blackbird located on Block 20/2a, six kilometers south of its operated Ettrick field. The well, drilled by the semisub GSF Arctic IV, encountered 111 feet of net pay in multiple zones, was drill-stem tested and flowed at an average restricted rate of 3,800 bopd through a 34/64 inch choke.

Analysis indicates high quality crude oil in good quality reservoir sands. The well has been suspended for use as a production well, while work progresses to fast track development as a sub-sea tie-back to the nearby Ettrick floating production, storage and offloading vessel. Nexen is operator of the Blackbird well with a 79.73% working interest. Other co-venturers include Bow Valley Energy Ltd. (12%) and Atlantic Petroleum (8.27%).

"Our North Sea strategy is delivering value for shareholders," commented Charlie Fischer, Nexen's President and CEO. "Satellite discoveries such as Blackbird allow for quick and cost effective tie-backs to existing infrastructure which generates incremental value."

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