Sable Offshore: CA Fire Marshal reaffirms 2021 pipeline plan; restart expected late Q3/Q4 2024

Sable Offshore Corp.

California OSFM letter dated July 10, 2024 affirms PPC's 2021 Risk Analysis and Implementation Plan remains in effect and complies with AB 864.
OSFM determined Supplemental Plan not as effective as 2021 Plan; Santa Barbara County permit issue still subject to ongoing discussions and litigation.
PPC advancing pipeline repairs, new pump stations, and control facilities under OSFM supervision.
Restart of Las Flores Canyon processing and Santa Ynez Unit platforms expected late Q3 or early Q4 2024.

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