Sable Offshore (SOC) said Thursday it received confirmation for repair work on the Las Flores Pipeline System from Santa Barbara County, California, under existing permits that were reviewed in a previous environmental impact assessment.
The county's letter from Feb. 12 states that the anomaly repair work falls within already granted permits, including a Final Development Plan, Major Conditional Use Permit, and related Coastal Development Permits, the company said.
The county's planning and development department also informed the California Coastal Commission that these repairs are covered by existing permits and no further county action is needed.
On Feb. 11, the US Department of Transportation's Pipeline and Hazardous Materials Safety Administration notified the California Office of the State Fire Marshal that it does not object to the enhanced integrity standards for the pipeline, according to the company.
The OSFM's decision, dated Dec. 17, grants state waivers on certain cathodic protection and seam weld corrosion regulations for the pipeline, Sabe Offshore added.
Company shares were up almost 29% in recent trading.
Price: 31.47, Change: +7.00, Percent Change: +28.61
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。