en.Wedoany.com Reported - Sable Offshore, an oil and gas company headquartered in Texas, USA, recently announced its plan to restart production at the Hondo oil platform located off the coast of California. The platform is expected to officially commence operations in June 2026, with a full production capacity of approximately 10,000 barrels of crude oil per day. This development marks the imminent resumption of production at the third platform within Sable Offshore's Santa Ynez Unit (SYU) in California.
Sable Offshore stated that with the restoration of oil transportation on segments 324 and 325 of the Santa Ynez Pipeline System (SYPS), the company holds a positive outlook on the operational performance of both the SYU and SYPS. Currently, 40 wells on the Harmony and Heritage platforms are online and producing, with an average output of 750 barrels of crude oil per well per day. When all 74 production wells are operational, the average daily production per well is expected to be maintained at around 700 barrels of crude oil.
The company restarted one of the three SYU platforms in May 2025, marking the first oil production since May 2015. In 2015, production was halted after a corroded onshore pipeline ruptured, spilling approximately 450,000 gallons (1,703.44 cubic meters) of oil near Refugio State Beach north of Santa Barbara.
Regarding capital expenditures, Sable Offshore anticipates investments of approximately $180 million on its assets from April to December 2026, primarily for facility upgrades, maintenance, and low-cost production optimization. Concurrently, the company is seeking at least $347 million in damages from a previous lawsuit against the California Coastal Commission (CCC) and pursuing over $100 million from Santa Barbara County, alleging unlawful withholding of permit transfers.
Sable's Chairman and CEO, Jim Flores, emphasized: "Sable is pleased to update stakeholders on the tremendous progress we have made since invoking the Defense Production Act." "We are working tirelessly to provide California consumers and the U.S. military with oil sourced from American soil and are proud to have produced over one million barrels of oil from the Santa Ynez Unit to date." These initiatives aim to support domestic U.S. energy supply and job creation.
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