The Gulf of Mexico is a critical component of Nexen's growth strategy.
Focused on Deepwater Prospects and Developments
The deepwater Gulf of Mexico is a proven hydrocarbon basin with a stable and attractive fiscal regime, low political risk, established infrastructure and large yet-to-find resource potential
Exploration & Growth Potential
Nexen and co-owners in the Hess-operated Stampede development in the Gulf of Mexico announced in 2014 that they reached a final investment decision to proceed with the development of this project. Nexen estimates the reservoir contains 300-350 million barrels of recoverable oil. The Stampede development is expected to begin production in 2018.
Appomattox and Norphlet Play
Nexen holds a 21 per cent non-operated working interest in Appomattox, a discovery located 80 miles off the coast of Louisiana in approximately 7,000 feet of water. Operated by Shell Gulf of Mexico Inc., Appomattox is estimated to contain about 700 million barrels of oil equivalent (boe) of probable reserves.