CALGARY, ALBERTA--(Feb. 5, 2008) - Nexen Inc. will discuss its 2007 fourth quarter and annual financial results in a conference call on Thursday, February 14, 2008 at 7:00 a.m. Mountain Time. Charlie Fischer, President and CEO, and Marvin Romanow, Executive Vice President and CFO will discuss the financial and operating results and expectations for the future.

Conference Call Details:

Date:   February 14, 2008
Time:   7:00 a.m. Mountain Time (9:00 a.m. Eastern Time)

To listen to the conference call, please call one of the following:

416-340-2216 (Toronto)
866-898-9626 (North American toll-free)
800-8989-6323 (Global toll-free)

A replay of the call will be available for two weeks starting at 9:00 a.m. Mountain Time, February 14 by calling 416-695-5800 (Toronto) or 800-408-3053 (toll-free) passcode 3250781 followed by the pound sign.

We invite you to visit our website at www.nexeninc.com/investors/ to listen a live webcast of the conference call. The webcast will be archived under the Investor's section of our website.

Nexen Inc. is an independent, Canadian-based global energy company, listed on the Toronto and New York stock exchanges under the symbol NXY. We are uniquely positioned for growth in the North Sea, deep-water Gulf of Mexico, the Athabasca oil sands of Alberta, the Middle East and West Africa. We add value for shareholders through successful full-cycle oil and gas exploration and development and leadership in ethics, integrity and environmental protection.

Contact Info

Sean Noe, P.Eng
Analyst, Investor Relations
(403) 699-4494
or
Nexen Inc.
801 - 7th Ave SW
Calgary, Alberta, Canada T2P 3P7
Website: www.nexeninc.com