Sable Offshore gains on update to Santa Ynez unit development plan

Sable Offshore

10/10/2025 12:23

** Shares of U.S.-based oil and gas firm Sable Offshore SOC.N up 2.2% at $20.10 premarket

** Company's Thursday update to its development and production plan (DPP) for the Santa Ynez unit includes new operational details, maintains option to use an offshore storage and treating (OS&T) vessel for processing and shipping oil

** Co says continued delays in approving restart plans for the Las Flores Pipeline System will cause it to fully pivot to its accelerated OS&T strategy

** DPP submitted to U.S. Department of Interior Bureau of Ocean Energy Management

** On average, stock rated "buy" by five analysts; median PT at $40 - data compiled by LSEG

** Up to last close, stock down 14% YTD

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))