During the first half of 2022, PT Saka Energi Indonesia recorded revenue of US$308.3 million, up 118.8% year on year. Average daily production increased 31.1% to 34.7 mboepd, supported by higher contributions from Pangkah and Muriah. Total lifting also rose 32.3% to 5.2 mmboe. SAKA reported net profit of US$47.6 million, while cash cost declined 21.1% to US$7.5/bbl and EBITDA margin improved to 87.7%. The company also continued liability management through global bond repurchases totaling approximately US$232.0 million.
