During the first half of 2019, PT Saka Energi Indonesia recorded revenue of US$196 million and EBITDA of US$121 million. Total production reached 6.75 mmboe, down 32% from the same period in 2018, mainly due to the expiry of the Sanga Sanga and South East Sumatera PSCs. Average daily production stood at 37.3 mboepd, with gas contributing 83% and oil 17%, while total lifting reached 5.29 mmboe. The company reported a net loss of US$51 million, with total assets of US$2.40 billion and equity of US$763 million. SAKA had also repaid US$200 million of shareholder loans in 1Q19.
