Sable Offshore Corp. Plans Offshore Storage and Treating Vessel Acquisition and Upgrades to Enable SYU Oil Sales, Targets Over 50,000 Barrels Per Day Pending Regulatory Approvals

Sable Offshore Corp. has announced plans to pursue an offshore storage and treating vessel (OS&T) strategy to facilitate access to domestic and global markets for crude oil produced from the Santa Ynez Unit (SYU) in the Pacific Outer Continental Shelf Area. The company intends to acquire an existing OS&T vessel in the first quarter of 2026, with delivery to the SYU expected in the third quarter of 2026. Preparations include refitting and upgrading the vessel and SYU equipment, transporting the vessel, and completing installation. Subject to obtaining necessary regulatory clearances, including from the Bureau of Ocean Energy Management, Sable expects to begin sales from all SYU platforms in the fourth quarter of 2026, targeting comprehensive oil production rates of over 50,000 barrels of oil per day. The estimated capital required for the OS&T strategy is approximately $475 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sable Offshore Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001831481-26-000017), on February 03, 2026, and is solely responsible for the information contained therein.