Nexen, Canada's fourth-largest independent oil producer, is confident in its ability to weather the current tough market conditions. The company has more than C$3.3 billion in available liquidity, of which C$2.1 billion is in cash, and has no debt maturing until 2012. Nexen also said its operations can currently break even at a crude oil price of US$30 per barrel, giving it a comfortable buffer against a further erosion of prices.
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