PRINT AND ONLINE VERSION AVAILABLE
CALGARY, July 23, 2013 /CNW/ - 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
Invested approximately $13.1 million in communities through grants and
Named to the Dow Jones Sustainability Index and the Global 100 Most
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 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.
Image with caption: "Nexen releases 2012 Sustainability Report. (CNW Group/Nexen Inc.)". Image available at: http://photos.newswire.ca/images/download/20130723_C9043_PHOTO_EN_29198.jpg
SOURCE: Nexen Inc.
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