Equinor and its partners have gained approval from the Norwegian Petroleum Directorate to use the C platform in Gullfaks oil field in the North Sea until June 30, 2036, which is the entire period of the production license. In its application, Equinor said the facility can be operated at a profit up to 2032, with an option for further extension in connection with maturing new improved oil recovery projects on Gullfaks.

Source: News