During the first nine months of 2021, PT Saka Energi Indonesia recorded revenue of US$234.3 million, up 64.6% year on year. Average daily production increased 6.6% to 27.5 mboepd, supported by the start-up of the West Pangkah and Sidayu fields, while total lifting rose 14.5% to 6.0 mmboe. SAKA reported net income of US$1.3 million, supported by higher commodity prices, increased lifting volumes, and a 15.6% decline in cash cost to US$8.9/bbl. EBITDA margin improved to 71.4%. The company also extended the maturity of its shareholder loans to strengthen its financing structure.
