BUZZ-Sable Offshore falls as Californian agency seeks more data on PPC pipeline

Reuters
2024-10-07

(Updates)

** Shares of U.S.-based oil and gas firm Sable Offshore

fall 6.3% to $22.93

** California Coastal Commission $(CCC.UK)$ has requested additional information from Pacific Pipeline Company $(PPC)$, a wholly owned subsidiary of SOC, concerning its pipeline restart operations in the Santa Ynez offshore field

** PPC pipeline is expected to restart by the end of 2024

** Production was shut in 2015 at the Santa Ynez offshore field in California following a pipeline spill

** Including session moves, stock up 101.9% YTD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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