regulatory
confidence high
sentiment negative
materiality 0.85
Sable disputes California Fire Marshal's claim of waiver non-compliance; restart blocked
Sable Offshore Corp.
- OSFM alleges Sable failed to repair pipe anomalies with 40%+ wall loss including tool tolerance as required by State Waivers before restart.
- Sable argues Condition 9 applies prospectively after restart, and OSFM previously confirmed this in discussions.
- OSFM says deficiencies prevent restart under law; review of restart plan continues.
- Sable plans to supplement response and expects quick resolution of the 'misunderstanding.'