Catalysts composed of nickel and promoted with different metal oxides proved to be suitable for H/D isotropic exchange between hydrogen and water vapour. They loss their activity due to water condensation on their surfaces. Several nickel/chromium oxide/zirconium oxide catalysts of different composition were prepared by the coprecipitation technique. The liquid phase activity of these catalysts were followed using the hydrogen peroxide decomposition on their surfaces at different temperatures. The surface characteristics of the examined catalysts were followed by applying the BET method. The results were discussed and lead to the required catalyst composition which resists the water condensation on its surface during operation and has relatively high activity in the vapour phase H/D isotopic exchange reaction between hydrogen and water.