Nexen Energy ULC
Total capacity of implemented projects
50 - 250 MW
Countries of projects presence
1
Nexen Energy ULC is a Canadian company that operates in the crude oil and natural gas exploration and production (E&P) sector. The company was founded in 1971 and is headquartered in Calgary, Alberta. Nexen Energy ULC is a subsidiary of CNOOC Limited, a Chinese state-owned company that specializes in offshore oil and gas exploration and production.
Nexen Energy ULC has a diverse portfolio of oil and gas assets in Canada, the United States, and the United Kingdom. The company's primary focus is on the development of unconventional oil and gas resources, including shale gas, tight oil, and oil sands. Nexen Energy ULC also has a growing presence in the renewable energy sector, with a number of wind and solar projects in development.
The company's oil and gas operations are focused on three main regions: Western Canada, the Gulf of Mexico, and the North Sea. In Western Canada, Nexen Energy ULC has a significant presence in the oil sands, with operations in the Athabasca, Cold Lake, and Peace River regions. The company's oil sands assets include the Long Lake project, which is a joint venture with OPTI Canada Inc. The Long Lake project is a steam-assisted gravity drainage (SAGD) operation that produces both oil and natural gas.
In the Gulf of Mexico, Nexen Energy ULC has a number of offshore oil and gas assets, including the Appomattox project, which is a deepwater oil development located in the Gulf of Mexico's Mississippi Canyon. The Appomattox project is a joint venture with Shell and is expected to produce up to 175,000 barrels of oil equivalent per day.
In the North Sea, Nexen Energy ULC has a number of offshore oil and gas assets, including the Buzzard field, which is one of the largest oil fields in the UK North Sea. The Buzzard field is a joint venture with Suncor Energy and is expected to produce up to 200,000 barrels of oil equivalent per day.
Nexen Energy ULC is also actively developing renewable energy projects, including wind and solar. The company's wind projects are located in Canada and the United States and include the Grandview Wind Farm in Oklahoma and the Amherst Island Wind Project in Ontario. The Grandview Wind Farm has a capacity of 200 megawatts (MW) and is expected to generate enough electricity to power approximately 60,000 homes. The Amherst Island Wind Project has a capacity of 75 MW and is expected to generate enough electricity to power approximately 37,000 homes.
Nexen Energy ULC's solar projects are located in Canada and include the Brooks Solar Project in Alberta and the Tilbury Solar Project in Ontario. The Brooks Solar Project has a capacity of 130 MW and is expected to generate enough electricity to power approximately 50,000 homes. The Tilbury Solar Project has a capacity of 20 MW and is expected to generate enough electricity to power approximately 6,000 homes.
In addition to its oil and gas and renewable energy operations, Nexen Energy ULC is committed to sustainability and environmental stewardship. The company has implemented a number of initiatives to reduce its environmental impact, including reducing greenhouse gas emissions, minimizing water use, and reducing waste. Nexen Energy ULC has also implemented a biodiversity management plan to protect and enhance the natural habitats of the areas where it operates.
Nexen Energy ULC is committed to safety and has implemented a number of initiatives to ensure the safety of its employees and contractors. The company has a strong safety culture and has implemented a number of programs to promote safety awareness and encourage safe behavior.
In conclusion, Nexen Energy ULC is a Canadian company that operates in the crude oil and natural gas exploration and production sector. The company has a diverse portfolio of oil and gas assets in Canada, the United States, and the United Kingdom, and is actively developing renewable energy projects. Nexen Energy ULC is committed to sustainability, environmental stewardship, and safety, and has implemented a number of initiatives to reduce its environmental impact and ensure the safety of its employees and contractors.