Sable Offshore receives OSFM waivers for pipeline; targets Q1 2025 restart

Sable Offshore Corp.

California OSFM approved enhanced pipeline integrity standards for Lines CA-324 and CA-325A/B.
OSFM granted state waivers for cathodic protection and seam weld corrosion requirements.
Waivers satisfy a key condition of federal consent decree needed for pipeline restart.
Hydrotesting expected to begin January 2025; potential restart of Santa Ynez Unit in Q1 2025.
Restart includes Las Flores Canyon processing facilities and offshore platforms.

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