##### 



EXHIBIT 99.2 Operational data Proved reservesAs of 31 December, 2004 Hydros shareTotal
    
    
    
    Oil/NGL
    
    
    
    Gas
    
    
    
    Gas
    
    
    
    Prod.Hydros
    
    
    
    mill.
    
    
    
    mill.
    
    
    
    bill.
    
    
    
    bill.
    
    
    
    startField
    
    
    Block
    
    
    Operator
    
    
    %-interest
    
    
    
    boe
    
    
    
    boe
    
    
    
    scf
    
    
    
    Sm3
    
    
    
    upTroll
    
    
    31/2, 31/3, 31/5, 31/6
    
    
    Norsk Hydro /
    
    
    
    9.78
    
    
    
    
    509
    
    
    
    
    53
    
    
    
    
    2649
    
    
    
    
    74.9
    
    
    
    
    1995Statoil
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1996Oseberg fields
    
    
    30/6, 30/9
    
    
    Norsk Hydro
    
    
    
    34.00
    
    
    
    
    337
    
    
    
    
    121
    
    
    
    
    1192
    
    
    
    
    33.7
    
    
    
    
    1988Ormen Lange
    
    
    6304/96305/1,2,4,5,7,8
    
    
    Norsk Hydro /Shell**
    
    
    
    18.07
    
    
    
    
    234
    
    
    
    
    14
    
    
    
    
    1239
    
    
    
    
    35.0
    
    
    
    
    2007Grane
    
    
    25/11
    
    
    Norsk Hydro
    
    
    
    38.00
    
    
    
    
    184
    
    
    
    
    184
    
    
    
    
    0
    
    
    
    
    0.0
    
    
    
    
    2003Åsgard
    
    
    6407/2, 6506/11,12,6507/11
    
    
    Statoil
    
    
    
    9.60
    
    
    
    
    141
    
    
    
    
    58
    
    
    
    
    465
    
    
    
    
    13.1
    
    
    
    
    1999Snorre fields
    
    
    34/4, 34/7, 33/9
    
    
    Statoil
    
    
    
    5.98 - 17.65
    
    
    
    
    107
    
    
    
    
    104
    
    
    
    
    13
    
    
    
    
    0.4
    
    
    
    
    1992Ekofisk fields
    
    
    2/4, 2/5, 2/7
    
    
    ConocoPhillips
    
    
    
    5.81 - 6.65
    
    
    
    
    86
    
    
    
    
    74
    
    
    
    
    66
    
    
    
    
    1.9
    
    
    
    
    1971Visund
    
    
    34/8, 34/7
    
    
    Statoil
    
    
    
    20.30
    
    
    
    
    76
    
    
    
    
    25
    
    
    
    
    288
    
    
    
    
    8.1
    
    
    
    
    1999Sleipner fields
    
    
    15/6, 15/9, 16/7
    
    
    Statoil
    
    
    
    8.85 - 10.00
    
    
    
    
    46
    
    
    
    
    13
    
    
    
    
    180
    
    
    
    
    5.1
    
    
    
    
    1993Kristin
    
    
    6406/2, 6506/11
    
    
    Statoil
    
    
    
    14.00
    
    
    
    
    43
    
    
    
    
    26
    
    
    
    
    99
    
    
    
    
    2.8

    
    
    
    
    2005Gullfaks fields
    
    
    34/10, 33/12
    
    
    Statoil
    
    
    
    9.00
    
    
    
    
    43
    
    
    
    
    29
    
    
    
    
    76
    
    
    
    
    2.1
    
    
    
    
    1986Kvitebjørn
    
    
    34/11
    
    
    Statoil
    
    
    
    15.00
    
    
    
    
    36
    
    
    
    
    10
    
    
    
    
    140
    
    
    
    
    3.9
    
    
    
    
    2004Mikkel
    
    
    6407/5,6
    
    
    Statoil
    
    
    
    10.00
    
    
    
    
    19
    
    
    
    
    8
    
    
    
    
    61
    
    
    
    
    1.7
    
    
    
    
    2003Njord
    
    
    6407/7,10
    
    
    Norsk Hydro
    
    
    
    20.00
    
    
    
    
    17
    
    
    
    
    9
    
    
    
    
    50
    
    
    
    
    1.4
    
    
    
    
    1997Norne
    
    
    6608/10, 6508/1
    
    
    Statoil
    
    
    
    8.10
    
    
    
    
    13
    
    
    
    
    9
    
    
    
    
    20
    
    
    
    
    0.6
    
    
    
    
    1997Fram Vest
    
    
    35/11
    
    
    Norsk Hydro
    
    
    
    25.00
    
    
    
    
    11
    
    
    
    
    6
    
    
    
    
    25
    
    
    
    
    0.7
    
    
    
    
    2003Heimdal fields
    
    
    25/4, 25/5
    
    
    Norsk Hydro /Total
    
    
    
    10.00 - 28.85
    
    
    
    
    8
    
    
    
    
    2
    
    
    
    
    30
    
    
    
    
    0.9
    
    
    
    
    2002Tune
    
    
    30/8, 30/5, 30/6
    
    
    Norsk Hydro
    
    
    
    40.00
    
    
    
    
    6
    
    
    
    
    0
    
    
    
    
    31
    
    
    
    
    0.9
    
    
    
    
    2002Brage
    
    
    31/4, 30/6, 31/7
    
    
    Norsk Hydro
    
    
    
    20.00
    
    
    
    
    2
    
    
    
    
    2
    
    
    
    
    2
    
    
    
    
    0.1
    
    
    
    
    1993Gulltopp
    
    
    34/10
    
    
    Statoil
    
    
    
    9.00
    
    
    
    
    2
    
    
    
    
    2
    
    
    
    
    0
    
    
    
    
    0.0
    
    
    
    
    2005Total Norway
    
    
    
    1,920
    
    
    
    
    749
    
    
    
    
    6,626
    
    
    
    
    187.3Terra Nova
    
    
    Grand Banks, Canada
    
    
    Petro-Canada
    
    
    
    15.00
    
    
    
    
    38
    
    
    
    
    38
    
    
    
    
    0
    
    
    
    
    0.0
    
    
    
    
    2002Dalia
    
    
    Block 17, Angola
    
    
    Total
    
    
    
    10.00
    
    
    
    
    31
    
    
    
    
    31
    
    
    
    
    0
    
    
    
    
    0.0
    
    
    
    
    2006Kharyaga
    
    
    Timan Pechora, Russia
    
    
    Total
    
    
    
    40.00
    
    
    
    
    24
    
    
    
    
    24
    
    
    
    
    0
    
    
    
    
    0.0
    
    
    
    
    1999Girassol
    
    
    Block 17, Angola
    
    
    Total
    
    
    
    10.00
    
    
    
    
    18
    
    
    
    
    18
    
    
    
    
    0
    
    
    
    
    0.0
    
    
    
    
    2001Hibernia
    
    
    Grand Banks, Canada
    
    
    HMDC*
    
    
    
    5.00
    
    
    
    
    13
    
    
    
    
    13
    
    
    
    
    0
    
    
    
    
    0.0
    
    
    
    
    1997Mabruk
    
    
    Sirte Basin, Libya
    
    
    Total
    
    
    
    25.00
    
    
    
    
    12
    
    
    
    
    12
    
    
    
    
    0
    
    
    
    
    0.0
    
    
    
    
    1995Murzuq
    
    
    Sirte Basin, Libya
    
    
    Repsol
    
    
    
    8.00
    
    
    
    
    8
    
    
    
    
    8
    
    
    
    
    0
    
    
    
    
    0.0
    
    
    
    
    2003Jasmim
    
    
    Block 17, Angola
    
    
    Total
    
    
    
    10.00
    
    
    
    
    3
    
    
    
    
    3
    
    
    
    
    0
    
    
    
    
    0.0
    
    
    
    
    2003Rosa
    
    
    Block 17, Angola
    
    
    Total
    
    
    
    10.00
    
    
    
    
    9
    
    
    
    
    9
    
    
    
    
    0
    
    
    
    
    0.0
    
    
    
    
    2007Total International
    
    
    
    156
    
    
    
    
    156
    
    
    
    
    0
    
    
    
    
    0.0Total
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    2,076
    
    
    
    
    905
    
    
    
    
    6,626
    
    
    
    
    187.3
   *
    
    HMDC: Hibernia Management Development Company**
    
    Norsk Hydro is operator for the field development. Shell is operator for the field operation.   99.2-1




---



##### 



2004 Production of oil and gas Hydros shareTotal
    
    
    
    Oil/NGL
    
    
    
    GasHydros
    
    
    
    mill.
    
    
    
    mill..
    
    
    
    bill.
    
    
    
    Gas
    
    
    
    Remaining Prod.
    
    
    
    LicenseField
    
    
    Operator
    
    
    %-interest
    
    
    
    boe
    
    
    
    boe
    
    
    
    scf
    
    
    
    bill. Sm3
    
    
    
    Period
    
    
    
    PeriodOseberg fields
    
    
    Norsk Hydro
    
    
    
    34.00
    
    
    
    
    42
    
    
    
    
    35
    
    
    
    
    38
    
    
    
    
    1.1
    
    
    
    
    2012 - 2025
    
    
    
    
    2031Troll
    
    
    Norsk Hydro /Statoil
    
    
    
    9.78
    
    
    
    
    28
    
    
    
    
    12
    
    
    
    
    90
    
    
    
    
    2.6
    
    
    
    
    2030
    
    
    
    
    2030Snorre fields
    
    
    Statoil
    
    
    
    5.98 - 17.65
    
    
    
    
    21
    
    
    
    
    21
    
    
    
    
    4
    
    
    
    
    0.1
    
    
    
    
    2012 - 2016
    
    
    
    
    2009 - 2024Grane
    
    
    Norsk Hydro
    
    
    
    38.00
    
    
    
    
    17
    
    
    
    
    17
    
    
    
    
    0
    
    
    
    
    0.0
    
    
    
    
    2023
    
    
    
    
    2030Åsgard
    
    
    Statoil
    
    
    
    9.60
    
    
    
    
    14
    
    
    
    
    8
    
    
    
    
    34
    
    
    
    
    0.9
    
    
    
    
    2025
    
    
    
    
    2027Tune
    
    
    Norsk Hydro
    
    
    
    40.00
    
    
    
    
    12
    
    
    
    
    2
    
    
    
    
    53
    
    
    
    
    1.5
    
    
    
    
    2007
    
    
    
    
    2032Sleipner fields
    
    
    Statoil
    
    
    
    8.85 - 10.00
    
    
    
    
    12
    
    
    
    
    4
    
    
    
    
    45
    
    
    
    
    1.3
    
    
    
    
    2005 - 2014
    
    
    
    
    2014 - 2018Gullfaks fields
    
    
    Statoil
    
    
    
    9.00
    
    
    
    
    11
    
    
    
    
    8
    
    
    
    
    12
    
    
    
    
    0.3
    
    
    
    
    2014
    
    
    
    
    2016Ekofisk fields
    
    
    ConocoPhillips
    
    
    
    5.81 - 6.65
    
    
    
    
    10
    
    
    
    
    9
    
    
    
    
    8
    
    
    
    
    0.2
    
    
    
    
    2018 - 2028
    
    
    
    
    2028Fram Vest
    
    
    Norsk Hydro
    
    
    
    25.00
    
    
    
    
    5
    
    
    
    
    5
    
    
    
    
    0
    
    
    
    
    0.0
    
    
    
    
    2014
    
    
    
    
    2024Norne
    
    
    Statoil
    
    
    
    8.10
    
    
    
    
    4
    
    
    
    
    4
    
    
    
    
    3
    
    
    
    
    0.1
    
    
    
    
    2016
    
    
    
    
    2026Visund
    
    
    Statoil
    
    
    
    20.30
    
    
    
    
    2
    
    
    
    
    2
    
    
    
    
    0
    
    
    
    
    0.0
    
    
    
    
    2023
    
    
    
    
    2023Brage
    
    
    Norsk Hydro
    
    
    
    20.00
    
    
    
    
    2
    
    
    
    
    2
    
    
    
    
    1
    
    
    
    
    0.0
    
    
    
    
    2007
    
    
    
    
    2015 - 2017Njord
    
    
    Norsk Hydro
    
    
    
    20.00
    
    
    
    
    2
    
    
    
    
    2
    
    
    
    
    0
    
    
    
    
    0.0
    
    
    
    
    2012
    
    
    
    
    2021- 2023Mikkel
    
    
    Statoil
    
    
    
    10.00
    
    
    
    
    2
    
    
    
    
    1
    
    
    
    
    6
    
    
    
    
    0.2
    
    
    
    
    2021
    
    
    
    
    2020 - 2022Frigg
    
    
    Total
    
    
    
    19.99
    
    
    
    
    2
    
    
    
    
    0
    
    
    
    
    10
    
    
    
    
    0.3
    
    
    
    
    
    
    
    
    
    2015Heimdal fields
    
    
    Norsk Hydro / Total
    
    
    
    10.00 - **28.85
    
    
    
    
    1
    
    
    
    
    0
    
    
    
    
    5
    
    
    
    
    0.1
    
    
    
    
    2006 - 2009
    
    
    
    
    2021 -2025Kvitebjørn
    
    
    Statoil
    
    
    
    15.00
    
    
    
    
    1
    
    
    
    
    0
    
    
    
    
    3
    
    
    
    
    0.1
    
    
    
    
    2014
    
    
    
    
    2031Total Norway
    
    
    
    
    
    
    
    
    
    
    
    188
    
    
    
    
    132
    
    
    
    
    312
    
    
    
    
    8.8Girassol
    
    
    Total
    
    
    
    10.00
    
    
    
    
    7
    
    
    
    
    7
    
    
    
    
    0
    
    
    
    
    0.0
    
    
    
    
    2020
    
    
    
    
    2022Terra Nova
    
    
    Petro-Canada
    
    
    
    15.00
    
    
    
    
    6
    
    
    
    
    6
    
    
    
    
    0
    
    
    
    
    0.0
    
    
    
    
    2016
    
    
    
    
    2093Hibernia
    
    
    HMDC*
    
    
    
    5.00
    
    
    
    
    4
    
    
    
    
    4
    
    
    
    
    0
    
    
    
    
    0.0
    
    
    
    
    2015
    
    
    
    
    2085Kharyaga
    
    
    Total
    
    
    
    40.00
    
    
    
    
    2
    
    
    
    
    2
    
    
    
    
    0
    
    
    
    
    0.0
    
    
    
    
    2030
    
    
    
    
    2031Jasmim
    
    
    Total
    
    
    
    10.00
    
    
    
    
    1
    
    
    
    
    1
    
    
    
    
    0
    
    
    
    
    0.0
    
    
    
    
    2018
    
    
    
    
    2026Other fields
(Mabruk and Murzuq)
    
    
    Total / Repsol
    
    
    
    
    
    
    
    
    1
    
    
    
    
    1
    
    
    
    
    0
    
    
    
    
    0.0
    
    
    
    
    2028
    
    
    
    
    2028Total International
    
    
    
    
    
    
    
    
    
    
    
    21
    
    
    
    
    21
    
    
    
    
    0
    
    
    
    
    0.0Total
    
    
    
    
    
    
    
    
    
    
    
    ***209
    
    
    
    
    153
    
    
    
    
    312
    
    
    
    
    8.8
   *
    
    HMDC: Hibernia Management Development Company**
    
    8th of December 2004 Hydro bought shares from AS Uglands Rederi in the Heimdal and
the Vale fields in the Norwegian Continantal Shelf. In the Heimdal field Hydros share was
increased from 19,274% to 19,443% and in the Vale field Hydros share was increased from
28,531% to 28,853%.***
    
    Total daily production in 2004 is 572 000 boe/day.   99.2-2




---



##### 



Aluminium Tonnes
    
    
    2004
    
    
    
    2003
    
    
    
    2002Production of alumina
    
    
    
    1,572,000
    
    
    
    
    1,502,000
    
    
    
    
    1,272,000Production of primary aluminium:Karmøy
    
    
    
    278,000
    
    
    
    
    271,000
    
    
    
    
    273,000Årdal
    
    
    
    222,000
    
    
    
    
    215,000
    
    
    
    
    206,000Rheinwerk
    
    
    
    223,000
    
    
    
    
    221,000
    
    
    
    
    173,000Sunndal
    
    
    
    306,000
    
    
    
    
    210,000
    
    
    
    
    153,000Kurri-Kurri
    
    
    
    155,000
    
    
    
    
    156,000
    
    
    
    
    122,000Høyanger
    
    
    
    76,000
    
    
    
    
    74,000
    
    
    
    
    73,000Søral (Hydros ownership interest 49.9 percent)
    
    
    
    82,000
    
    
    
    
    79,000
    
    
    
    
    67,000Elbewerk
    
    
    
    69,000
    
    
    
    
    69,000
    
    
    
    
    48,000Slovalco *
    
    
    
    157,000Other
    
    
    
    152,000
    
    
    
    
    178,000
    
    
    
    
    138,000Total
    
    
    
    1,720,000
    
    
    
    
    1,473,000
    
    
    
    
    1,253,000Remelting
    
    
    
    1,733,000
    
    
    
    
    1,597,000
    
    
    
    
    1,342,000Semi-fabricating:Extruded products
    
    
    
    626,000
    
    
    
    
    569,000
    
    
    
    
    556,000Rolled products
    
    
    
    941,000
    
    
    
    
    893,000
    
    
    
    
    693,000Wire rod and other
    
    
    
    73,000
    
    
    
    
    80,000
    
    
    
    
    75,000Primary aluminium London Metal Exchange
3-month price US dollar/tonne (avg.)
    
    
    
    1,721
    
    
    
    
    1,428
    
    
    
    
    1,365Production, remelting and recycling of primary
magnesium
    
    
    
    98,000
    
    
    
    
    92,000
    
    
    
    
    87,000
   *
    
    Slovalco is included 100% from 2004. In 2003 and 2002 they were included in Other with Hydros share Energy 2004
    
    
    
    2003
    
    
    
    2002Total power available (Terrawatt hours TWh)
    
    
    
    19
    
    
    
    
    21.3
    
    
    
    
    19.4From own power stations
    
    
    
    7.9
    
    
    
    
    7.3
    
    
    
    
    10.1Lease production
    
    
    
    0.2
    
    
    
    
    0.2
    
    
    
    
    0.2Average spot price NOK/kWh
    
    
    
    0.242
    
    
    
    
    0.291
    
    
    
    
    0.201Oiltrading and refining (thousand tonnes):Crude oil/NGL
    
    
    
    20,096
    
    
    
    
    18,560
    
    
    
    
    19,068Oil products
    
    
    
    
    
    
    
    
    2,808
    
    
    
    
    2,326Oiltrading
    
    
    
    20,096
    
    
    
    
    21,368
    
    
    
    
    21,394
 99.2-3




---



##### 



Oil Marketing Marketing (Sales 1,000 m 3) 1)

    
    
    2004
    
    
    
    2003
    
    
    
    2002Gasoline
    
    
    
    1487
    
    
    
    
    1435
    
    
    
    
    1476Gasoil
    
    
    
    2266
    
    
    
    
    2109
    
    
    
    
    2074Market share 2004 1)
    
    
    Sweden
    
    
    Denmark
    
    
    NorwayGasoline
    
    
    
    9.6
    %
    
    
    
    17.3
    %
    
    
    
    20.8
    %Gasoil
    
    
    
    14.4
    %
    
    
    
    18.4
    %
    
    
    
    17.1
    %
   1)
    
    Includes 100 percent of Hydro Texaco Polymers Production in tonnes
    
    
    2004
    
    
    
    2003
    
    
    
    2002Base products:VCM
    
    
    
    541,000
    
    
    
    
    575,000
    
    
    
    
    540,000Caustic Soda
    
    
    
    260,000
    
    
    
    
    281,000
    
    
    
    
    262,000PVC
    
    
    
    578,000
    
    
    
    
    588,000
    
    
    
    
    528,000S-PVC
    
    
    
    496,000
    
    
    
    
    507,000
    
    
    
    
    458,000P-PVC
    
    
    
    82,000
    
    
    
    
    81,000
    
    
    
    
    70,000PVC-Compounds
    
    
    
    132,000
    
    
    
    
    129,000
    
    
    
    
    128,000Average prices Western Europe:Ethylene  EUR/tonne delivered
    
    
    
    629
    
    
    
    
    522
    
    
    
    
    518VCM  Spot Export FOB US dollar/tonne
    
    
    
    722
    
    
    
    
    452
    
    
    
    
    451S-PVC  EUR/tonne delivered
    
    
    
    853
    
    
    
    
    683
    
    
    
    
    714
   Source: ICIS-LOR 99.2-4