Gulf of Mexico office officially opens

May 8, 2002, 01:00 CEST

Norsk Hydro marked the official opening Monday of its offices in Houston serving the company's interests in the Gulf of Mexico.

The Gulf of Mexico business unit is a part of Exploration and Production International. The goal is to build the unit into a core area for Norsk Hydro.

The starting position is a joint venture with Conoco, that Hydro entered into in September 2001, on various Gulf of Mexico leases in the deeper waters. Several exploration wells will be drilled during 2001-2003.

Helge Haldorsen is head of the Houston office.