Statoil CEO, Eldar Sætre, predicts that oil operation in the Lofoten area is the only way to maintain today’s production level on the Norwegian Continental Shelf. He made this statement while visiting Statoil`s new building plot in Harstad. - We have high ambitions in the north and this building will be an example of this, Sætre said. Statoil plans to maintain the current petroleum production level on the Norwegian shelf until 2030. According to Sætre, more licenses in the north, including Lofoten and Vesterålen, is necessary to achieve this goal.