Sable Offshore Corp. Updates on Pipeline Renovation Efforts

Pipeline Maintenance and Safety Enhancements

Sable Offshore Corp. has reported significant updates regarding the operations of its wholly owned subsidiary, Pacific Pipeline Company (PPC). PPC has diligently maintained a cathodic protection and pressure maintenance program for its Line 324/325, which has been inactive since 2015. This pipeline was previously known as 901/903, and since its shutdown, PPC has actively worked to preserve it in a corrosion-free state using inert nitrogen.

Consent Decree Compliance

In accordance with a comprehensive Consent Decree involving various federal and state agencies, PPC has embarked on a thorough repair and maintenance program. This initiative aims to restore the pipeline to an "as-new" condition, ensuring compliance with rigorous safety and environmental standards. A crucial element of this process included utilizing advanced pipeline integrity analysis equipment, which evaluated both the internal and external conditions of the pipeline.

Progress on Repairs

PPC's repair operations commenced recently, focusing initially on more than 150 identified Threshold anomalies on the pipeline wall. To date, the company has repaired or is actively working on around 100 of these anomalies, establishing a proactive approach to ensuring the pipeline's integrity. Plans are in place for an additional 50 anomaly repairs, which are fundamental to achieving the high standards stipulated by the Consent Decree.

Collaborative Efforts and Community Engagement

The pipeline maintenance is being executed by over 30 designated union repair crews, who are working diligently across the length of the 124-mile pipeline. PPC has also prioritized communication with all relevant landowners and governmental bodies to ensure a collaborative environment during the restoration process. The team remains optimistic about the expectations for restarting oil and gas production by late 2024.

Engagement with Regulatory Bodies

Recently, the California Coastal Commission (CCC) has sought further information from PPC concerning its maintenance activities. PPC has been proactive in addressing these inquiries and is working closely with CCC staff. Notably, work that does not require Coastal Act permitting has continued for over 35 years under existing Coastal Development Permits.

Commitment to Safety and Compliance

As part of its commitment to environmental stewardship and safety, PPC has temporarily relocated its crews away from the Coastal Zone to focus on other areas of the pipeline. This ensures compliance with the stringent safety requirements outlined in the Consent Decree. Preparations are also underway for a full hydrostatic test of the pipeline. This rigorous testing, supervised by federal and state agencies, will ensure that the pipeline meets the necessary safety standards before any oil and gas production resumes.

About Sable Offshore Corp.

Sable Offshore Corp. operates as an independent oil and gas enterprise based in Houston, Texas. The company's focus centers on the responsible development of the Santa Ynez Unit, situated in federal waters off the California coast. The Sable team possesses extensive expertise and a proven track record in safely conducting operations within this challenging environment.

Frequently Asked Questions

What is the current status of the Pacific Pipeline Company operations?

PPC is undertaking a comprehensive repair and maintenance program to restore its pipeline to "as-new" condition, complying with stringent safety regulations.

When is the expected restart of oil and gas production?

The anticipated restart of production is expected by the end of 2024, pending the completion of ongoing repairs.

How many repair crews are working on the pipeline?

PPC has over 30 predominantly union pipeline repair crews actively engaged in the repair work across the pipeline.

What is being done to address the requirements from the California Coastal Commission?

PPC is actively engaged with the CCC staff to respond to requests for additional information regarding their repair activities.

What safety measures are being implemented during the pipeline repairs?

PPC is conducting all repairs in compliance with the Consent Decree and will perform a full hydrotest supervised by relevant authorities to ensure safety before resuming production.

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