During the first nine months of 2020, PT Saka Energi Indonesia recorded revenue of US$142.3 million, down US$149.8 million from the same period in 2019 due to lower average selling prices and lifting volumes during the pandemic. Average daily production declined 27.9% to 25.7 mboepd, while total lifting fell 33.7% to 5.3 mmboe. SAKA reduced operational cash cost to US$74.8 million, but still reported a net loss of US$145.4 million after recording US$58.9 million in asset impairment provisions. Operating cash flow was also pressured by significant one-off tax payments.
