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Stock impact report

Sable Offshore Corp. Provides Update on Pacific Pipeline Company Operations

Sable Offshore Corp. (SOC) 
Company Research Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Pacific Pipeline Company (“PPC”), a wholly owned subsidiary of Sable Offshore Corp., and its predecessors have maintained a cathodic protection and pressure maintenance program on Line 324/325 (previously 901/903) since the pipeline was shut down in 2015. The line was evacuated, cleaned and preserved with inert nitrogen to maintain a corrosion-free state. In accordance with the 2020 Consent Decree — signed by federal agencies including the Department of Justice, the Pipeline Hazardous Materials Safety Administration, and the Environmental Protection Agency, as well as California state agencies, the Department of Fish & Wildlife, Department of Parks and Recreation, State Lands Commission, Office of State Fire Marshal, Regional Water Quality Control Board, and the Regents of the University of California — PPC undertook a comprehensive repair and maintenance program to restore the pipeline to “as-new” condition. Before initiating this program, PPC employed s Show less Read more
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