BP is the operator of Valhall, which is an oil field in the southern North Sea in 70 metres of water.
The consent for extended operating life is contingent on the operator having ascertained that the facilities, pipelines and equipment are in a state that permits them to always be operated safely and in compliance with regulatory requirements.
The PSA finds that BP has made the requisite assessments and investigations to ascertain this.
The PSA has now given BP the consent it applied for.