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Nexen Buys Deepwater Gulf Field Interests from BP for $136M

Calgary-based Nexen Inc. said it bought the remaining 40% interest in the Gulf of Mexico’s deepwater Aspen field and remaining interests in five exploration blocks in the greater Aspen area from BP Exploration and Production for US$136 million.

March 31, 2003

Nexen Buys Deepwater Gulf Field Interests from BP for $136M

Calgary-based Nexen Inc. said it bought the remaining 40% interest in the Gulf of Mexico’s deepwater Aspen field and interests in five exploration blocks in the greater Aspen area from BP Exploration and Production for US$136 million. The purchase is part of Nexen’s strategy to expand its deepwater Gulf operations.

March 28, 2003