Hydro is operator of 15 oil and gas installations distributed over 12 fields with a total production of over 1.3 million barrels of oil equivalents a day. It is one of the world's leading offshore oil companies.
The company's own production of oil and gas in 2001 averaged 421,000 barrels of oil equivalents.
Hydro produced oil in Angola, Canada, Libya, Norway and Russia, and has some interesting positions in Iran and the Gulf of Mexico.
The expertise built up by our 3,900 employees, for example in challenging subsea developments in the North Sea, is a decisive factor in our international activities. In Norway we produce electricity from renewable sources. With growing oil and gas production on the Norwegian continental shelf, Hydro will play an increasingly central role in the supply of energy to Europe.
Hydro Oil and Energy consists of the following sectors:
Operations and Production Norway
Exploration and Development Norway
Exploration and Production International
Energy
Oil Marketing
Technology and Projects