During the first half of 2021, PT Saka Energi Indonesia recorded revenue of US$140.9 million, up 38.4% year on year, mainly supported by Pangkah, Ketapang, Muriah, and Fasken. Average daily production stood at 26.5 mboepd, down 2.9% yoy due to pandemic-related delays, natural decline, and the Muara Bakau facility shutdown. Total lifting increased 4.4% to 3.9 mmboe. Cash cost declined 7.7% to US$9.5/bbl and EBITDA margin improved to 67.7%. Net loss narrowed to US$8.2 million, while cash at the end of June stood at US$176.0 million.
