During the first nine months of 2022, PT Saka Energi Indonesia recorded revenue of US$489.3 million, up 108.9% year on year. Average daily production increased 24.8% to 34.2 mboepd, supported by contributions from Pangkah and Muriah, while total lifting rose 37.8% to 8.3 mmboe. SAKA reported net income of US$70.0 million, supported by higher commodity prices, increased lifting volumes, and cost efficiency. Cash cost declined 6.0% to US$8.4/bbl, while EBITDA margin improved to 78.6%. The company also repurchased US$228.5 million of global bonds during the period.
