If Subsidized, Statoil Will Eye Norway's Offshore Wind
In December, Norway's Ministry of Petroleum and Energy said it planned to shortly open one or two offshore regions for construction of floating wind generation
"If there are (offshore wind) opportunities in Norway being opened with a relevant incentive structure that makes it profitable, that's obviously something that we will assess," Saetre said on the sidelines of a conference.
"It would have to be subsidised, definitely, for a long time," he added.
The Norwegian state, Statoil's majority shareholder, will not have a say in the firm's renewable investments decisions, Energy Minister Terje Soeviknes separately told Reuters.
"We have meetings where we discuss these (investments) but it is up to the (Statoil) board to decide," he said.
In October, Statoil began production from the first floating wind farm established off the coast of Scotland, a pilot project that generates power at costs that far exceed the regular market price.