During the first quarter of 2022, PT Saka Energi Indonesia recorded revenue of US$123.7 million, up 165.0% year on year, mainly driven by contributions from Pangkah, Ketapang, Muriah, and Muara Bakau. Average daily production increased 34.3% to 34.5 mboepd, while total lifting rose 59.8% to 2.2 mmboe. SAKA reported net income of US$19.4 million, supported by higher revenue and a 13.3% decline in cash cost to US$7.9/bbl, lifting EBITDA margin to 88.6%. The company also repurchased US$232.1 million of global bonds during the quarter.
