CALGARY, Alberta, July 23, 2013 /PRNewswire/ --
PRINT AND ONLINE VERSION AVAILABLE
Nexen Energy ULC reported today the release of its 2012
Sustainability Report, a review of the company's health, safety,
environmental, social and economic performance for the year. The
report outlines Nexen's performance in 2012 and includes trends for
the past three years.
"This report demonstrates the effort Nexen's employees are
making to maximize the benefits and minimize the negative impacts
of energy development," said Kevin
Reinhart, Nexen's CEO. "We are immensely proud of our past
successes and have prioritized strategies for areas where we need
to improve."
Highlights from the report include:
- Set a new record for lost time injury frequency at Nexen's UK
operations - an 18% improvement over 2011.
- Surpassed safety targets and completed maintenance work without
any lost time injuries for three major turnarounds - at Buzzard and
Scott in the UK North Sea and Long
Lake in the Canadian oil sands.
- Reduced the number of reportable environmental exceedances to
195, from 445 in 2011.
- Together with project partners, planted 1.6 million trees and
shrubs in Canada's oil sands
region between 2009 and 2012.
- Created 315 jobs in communities surrounding exploratory
projects in Colombia.
- Invested approximately $13.1
million in communities through grants and donations.
- Named to the Dow Jones Sustainability Index and the Global 100
Most Sustainable Corporations.
Priorities for improvement include efforts to eliminate
work-related injuries, hydrocarbon spills and environmental
exceedances.
Nexen created the 2012 Sustainability Report using the Global
Reporting Initiative (GRI) G3.1 Guidelines, an internationally
recognized standard in sustainability reporting (Application Level
B+). Since 2004, Nexen has had select performance indicators
assured by an external verifier; 2012 data was assured by Deloitte
LLP.
The on-line disclosure, which includes articles, photos, data
tables, charts and graphs and videos featuring Nexen employees,
partners and stakeholders, provides more comprehensive
sustainability information that complements the print report. Both
are now available at http://www.nexeninc.com/2012csr.
Nexen is an upstream oil and gas company responsibly developing
energy resources in the UK North Sea, offshore West Africa, the
United States and Western
Canada. A wholly-owned subsidiary of CNOOC Limited, Nexen
has three principal businesses: conventional oil and gas, oil sands
and shale gas.
This report contains forward-looking
statements and forward-looking information, including statements
regarding: planned environmental and regulatory targets,
performance, monitoring and initiatives; planned safety targets and
programs; planned studies, evaluations and internal management
system audits; planned emission monitoring, reporting, reduction
and recovery; planned technological and systems advancements,
developments, implementation, testing and initiatives; planned
support of research; planned emissions offset and climate change
policy; statements about possible future events, conditions,
results of operation or performance; and changes in any of the
foregoing. All forward-looking statements in this report are based
on Nexen's current expectations, estimates and projections, and are
qualified by the assumptions that are stated or inherent in such
forward-looking statements. Although we believe these assumptions
are reasonable, readers should not place an undue reliance on these
assumptions and such forward-looking statements. The
forward-looking statements are subject to known and unknown risks
and uncertainties and other factors which may cause actual results,
levels of activity and achievements to differ materially from those
expressed or implied by such statements. Except as required by law,
Nexen undertakes no obligation to update publicly or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. The forward-looking statements
contained herein are expressly qualified by this cautionary
statement. Readers should also refer to the Risk Factors contained
in our 2012 Annual Information Form, and to the Quantitative
Disclosures about Market Risk and our Forward-Looking Statements
contained in our 2012 Management Discussion and Analysis. All
financial information is in Canadian dollars.
For further information:
David Coll
Phone: +1-403-699-5162
Email: David_coll@nexeninc.com
801 - 7th Ave SW, Calgary, Alberta,
Canada T2P 3P7
http://www.nexeninc.com/2012CSR
(NXY. NXY.PR.U. NXY)
