Sable Offshore reaches settlement with Santa Barbara County on pipeline safety valves; SYU restart expected Q4 2024

Sable Offshore Corp.

County acknowledges no jurisdiction over installation of 16 safety valves on Las Flores Pipeline under AB 864.
PPC to form local surveillance & response team, provide training/equipment, and upgrade control centers and Gaviota pump.
Pending lawsuit to be dismissed within 15 days of final installation of all 16 underground safety valves.
Sable affirms initial restart of Santa Ynez Unit production expected in fourth quarter 2024.

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