Throughout 2021, PT Saka Energi Indonesia recorded revenue of US$361.8 million, up 77.6% year on year, mainly driven by contributions from Pangkah, Ketapang, Muriah, and Fasken. Average daily production increased 13.2% to 29.1 mboepd, supported by the start-up of West Pangkah and Sidayu, while total lifting rose 17.6% to 8.8 mmboe. SAKA reported net income of US$6.6 million, reversing a US$180.0 million loss in 2020. Cash cost declined 13.4% to US$9.5/bbl and EBITDA margin improved to 72.1%. Operating cash flow reached US$223.8 million, with year-end cash of US$289.4 million.
