March 11 (Reuters) - U.S. President Donald Trump plans to invoke emergency law for Sable Offshore ( SOC ) as it looks to restart production from a cluster of offshore platforms in California, Bloomberg News reported on Wednesday, citing a person familiar with the matter.

Shares of Sable rose 28% to $18.35.

Trump is preparing to summon authorities under the Defense Production Act to preempt state laws and ease permitting for Sable as the company looks to restart significant production from a cluster of offshore platforms in California, the report added.

Sable Offshore ( SOC ) did not immediately respond to a Reuters request for comment.