Offshore staff

CALGARY, Alberta -- Subsidiaries of Nexen Inc. and Mexico's state-run oil company Pemex, signed a general collaboration agreement in Mexico City on Oct. 5, 2007.

"This is an important step in furthering our relationship with Pemex and in helping to advance its resource development for the Mexican people," says Charlie Fischer, Nexen president and CEO. "We are proud to be the first Canadian energy company to sign this type of agreement."

The agreement outlines a framework for collaboration in areas of research, training, and oil and gas exploration and production, particularly deepwater and coal bed methane.

Sharing experience about exploration and production practices is extremely valuable to us in determining new strategies for resource development, Pemex says.

10/5/2007