During the first nine months of 2023, PT Saka Energi Indonesia recorded revenue of US$324.6 million, down 33.7% year on year due to lower commodity prices and lifting volumes. Average daily production stood at 29.6 mboepd, declining 13.3% yoy, mainly due to natural production decline, water channeling, and an unplanned shutdown at the Pangkah processing facility. Total lifting reached 6.7 mmboe. On the financing side, SAKA reduced financing costs through a US$77.6 million shareholder loan repayment and a US$220 million global bond buyback, leaving approximately US$156 million of bonds outstanding.
