en.Wedoany.com Reported - Sable Offshore has restarted key segments of the Santa Ynez Pipeline System in California to enhance its offshore oil production. Under the Pipeline Integrity Management Program, segments 324 and 325 have resumed operations, supporting the production increase goals for the Santa Ynez Unit.

Currently, the 40 wells on the Harmony and Heritage platforms are producing an average of approximately 750 barrels per day per well. As more wells are brought online, the total number of active wells is expected to reach 74, with average production projected to stabilize at around 700 barrels per day per well.

The company also plans to commence production from the Hondo platform in June 2026, with a projected peak daily output of up to 10,000 barrels. Sable Offshore intends to invest approximately $180 million during the remainder of 2026 for facility upgrades, maintenance, and production optimization.

In addition to operations, Sable Offshore is advancing financial and legal initiatives. The company stated that it is seeking to refinance its senior secured term loan in the second quarter, evaluating federal credit support options, and implementing a commodity hedging program.

Sable Offshore is also engaged in legal proceedings, including seeking at least $347 million in damages from the California Coastal Commission and over $100 million from Santa Barbara County related to permitting issues. The U.S. Department of Justice is handling a consent decree associated with these assets, with a court hearing scheduled for June 1, 2026.

Chairman and CEO Jim Flores stated, "Sable is pleased to update stakeholders on our progress... and we are proud to have produced over 1 million barrels of oil from the Santa Ynez Unit to date."

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com