Sable Offshore Resumes Transporting Hydrocarbons via Santa Ynez Pipeline System

MT Newswires Live

03/16

Sable Offshore (SOC) said Monday that it resumed transporting hydrocarbons produced at the Santa Ynez unit through the Santa Ynez pipeline system on Saturday, as directed by US Secretary of Energy Chris Wright.

The resumption follows an executive order from US President Donald Trump, through which Wright issued an order to Sable to prioritize pipeline transportation services in response to energy supply issues, the company said.

Sable Offshore said it expects to resume full production at its platforms Harmony and Heritage in March and at Hondo in June, and targets sales to start by April 1.

In the same statement, Sable Offshore said it, along with Pacific Pipeline, sued the California Department of Parks and Recreation on Friday to request for relief confirming the companies' rights under the executive order. The department subsequently contested Sable's rights under this order, the company added.

Shares of Sable were up more than 6% pre-bell Monday.

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