This course is the first module of the B1 course. To complete the full B1, you need to attend the course for 64 lesson hours, with a total of 32 meetings of 1h30. You can read more about the full level B1 course here.
Each university has different requirements in terms of level of Norwegian, some universities require B1 while others require B2. You need to check with your university what applies on your course.
This course is the very first module of the B1 level, so it does not grant a certificate that you have completed the full B1 level. You can read more about the full level B1 course here.