Sable Offshore Corp acquires ExxonMobil's offshore platforms in Santa Barbara County.

Sable Offshore Corp has acquired ExxonMobil's offshore oil platforms in southern Santa Barbara County and plans to restart operations this year. The acquisition includes three offshore platforms, the Las Flores Canyon processing facility, and the pipeline that caused the 2015 Refugio oil spill. ExxonMobil had to cease production due to the pipeline shutdown and lack of an operating pipeline to transport oil to refineries. The sale of these assets comes with the dismissal of ExxonMobil's lawsuit challenging Santa Barbara County's denial of a plan to truck oil from the platforms.

February 16, 2024
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