NORWAY'S HYDRO PINS GROWTH ON EXPANDING LICENSE PORTFOLIO

David Knott International Editor Norsk Hydro AS, Norway's second largest oil company, is growing through a strategy of securing large stakes in preferred licenses on the Norwegian continental shelf. Hydro's activities abroad have been small compared with those off Norway. But they are growing. Adjustments to corporate strategy flowed from the business environment: lower oil price expectations, increased production costs with maturing of the Norwegian shelf, opening of prospective areas

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