Nexen Names Reinhart New CFO

Nexen Inc. is pleased to announce the appointment of Kevin Reinhart as Senior Vice President and Chief Financial Officer effective January 1, 2009. Kevin will succeed Marvin Romanow, who will become President and Chief Executive Officer, following the retirement of Charlie Fischer at the end of this year.

Since joining Nexen in 1994, Kevin has held the roles of Controller, Treasurer and most recently, Senior Vice President, Corporate Planning and Business Development. In these roles, Kevin has made a significant contribution to the development of Nexen's corporate strategies, capital investment programs, reserves and exploration processes, and acquisition and disposition activities. He has also been instrumental in building our strong financial position and in providing risk management oversight.

Kevin is a Chartered Accountant with a Bachelor of Commerce Degree from Saint Mary's University in Halifax. Prior to joining Nexen, he held senior management positions with a large public accounting firm.

"I would like to congratulate Kevin on his appointment. He has played a key role in developing and implementing our corporate strategies, is highly regarded in the financial community and is well qualified for his new role," said Romanow.