Sable Offshore updates Santa Ynez plan, signals possible shift to offshore processing due to California delays

Sable Offshore Corp.

Submitted updated DPP to BOEM on Oct 9, 2025 with execution and operational details for Santa Ynez Unit.
Approved DPP already includes option for Offshore Storage and Treating Vessel (OS&T) as alternative to pipeline.
Continued delays in California approval of Las Flores Pipeline restart may force full pivot to OS&T strategy.
Company still pursuing pipeline restart under Federal Consent Decree with State of California.

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