Throughout 2019, PT Saka Energi Indonesia recorded revenue of US$374 million, down from US$585 million in 2018. Total production reached 12.54 mmboe, declining 27.2% year on year, mainly due to the expiry of the Sanga Sanga and South East Sumatera PSCs, with average daily production of around 34.4 mboepd. SAKA recorded EBITDA of US$248 million but reported a net loss of US$125 million after finance costs, taxes, and a provision for tax disputes. At year-end 2019, total assets stood at US$2.30 billion and equity at US$687 million, while the company continued managing its funding structure and diversified upstream asset portfolio.
