Driving Indonesia’s Energy Future
Sustainable energy solutions that strengthen national resilience, create economic value, and preserve environmental balance.
Commitment to National Energy Resilience
Vision
To be a profitable and financially strong oil and gas exploration and production company under the Indonesia Energy Holding.
Mission
To provide energy for Indonesia, enhance shareholder value, and improve the quality of communities and the environment through synergy with the PGN Group.
Foundation of Integrity and Performance
A commitment to values that strengthens our role in supporting national energy resilience and the nation’s progress.
Amanah
We uphold the trust given to us.
Kompeten
We continuously learn and develop our capabilities.
Harmonis
We care for one another and respect diversity.
Loyal
We are dedicated and prioritize the interests of the Nation and State.
Adaptif
We continuously innovate and enthusiastically drive and embrace change.
Kolaboratif
We build synergistic collaboration.
Delivering Achievements at Every Stage of the Energy Journey
We are committed to providing reliable and sustainable energy solutions to support economic growth and strengthen national energy security.
Foundation and Early Expansion
2011
PT Saka Energi Indonesia was officially established on June 27, 2011, in Jakarta as an initial step toward building a strong and competitive upstream oil and gas company.
2012
The company began identifying and executing strategic asset acquisition opportunities as part of its long-term growth strategy.
2013
SAKA expanded its portfolio by acquiring a 20% interest in the Ketapang PSC, a 25% interest in the Pangkah PSC through KUFPEC Indonesia (Pangkah) BV, and a 30% interest in the Bangkanai PSC.
Portfolio Strengthening and Global Expansion
2014
SAKA made a significant expansion through the majority acquisition of the Pangkah PSC (75%), participation in the Southeast Sumatra PSC and Muriah PSC, as well as international expansion via the acquisition of a shale gas block in Fasken, Texas, USA.
2015
The domestic portfolio was further strengthened with the acquisition of the West Bangkanai PSC, Muara Bakau PSC, and full ownership of Wokam II PPSC.
2016
Through its subsidiary, SAKA acquired the participating interest of BP East Kalimantan Ltd. and Unimar LLC in the Sanga-Sanga PSC, reinforcing its operational position in East Kalimantan.
Regional Expansion and Contract Sustainability
2018
SAKA signed two new PSC contracts with SKK Migas for the West Yamdena and Pekawai blocks, expanding its national operational footprint.
2019
The management contract for the Pangkah Block was officially extended until 2046 under the gross split scheme, securing long-term operational sustainability.
2020
Through Saka Energi Muriah Limited (SEML), SAKA acquired PCML’s 80% participating interest in the Muriah PSC, becoming the operator with full 100% ownership.
Consolidation and Operational Excellence
2021
The West Pangkah and Sidayu fields commenced production, while the Kepodang Field resumed operations with SAKA as the operator.
2022
Production performance exceeded the Work Program and Budget (RKAP) target by 109% in the Pangkah and Muriah Blocks, reflecting the effectiveness of SAKA’s operational strategy and asset management.
2023
Successfully completed drilling on the SIC-03 and SID-02 wells in the Sidayu Field (Pangkah PSC), as well as the T-1 well in the Ketapang PSC with positive results. The company also completed compressor installation at the Muriah PSC and acid re-fracturing work on the K-8 and K-7 wells in the Bangkanai PSC. Additionally, SAKA secured government approval as the operator for the Sangkar PSC.
Operational Excellence & Key Milestones
2024
Saka completed the RGL-3 appraisal well in the Pangkah Working Area and finalized the workover of the UPB-12 well; drilled the Hikmah-1 and Perkasa-1 exploration wells in the Ketapang Working Area (discovering gas); obtained 20-year extensions for the Ketapang (2028–2048) and Muara Bakau (2032–2052) Working Areas, thereby increasing the valuation of Saka’s assets; drilled the JNE-7 development well in the Muara Bakau Working Area (discovering gas); and fulfilled obligations to repay the remaining Global Bond (USD 156 million) and the shareholder loan (SHL) to PGN (USD 141.6 million) spite of Company’s declining revenue.
2025
SAKA succesfully by recording production of 8.04 MMBOE, supported by strategic milestones such as the drilling of SID-05 in the Pangkah Working Area (2,300 BOPD); the submission of the Exploration Status Determination for the Ronggolawe structure—a prerequisite for Pangkah Working Area development; workovers on three wells in the Muriah Working Area to enhance Kepodang field performance; the drilling of the JNE-07ST and Konta-1 wells in the Muara Bakau Working Area; approval of the Plans of Development (POD) for Bukit Panjang (Ketapang Working Area) and Karendan Phase II (Bangkanai Working Area); and the drilling of three wells in Austin Chalk (Fasken, USA) and the T-8 (NZ2) and T-6 (NZ1) wells in the Ketapang Working Area. SAKA maintained liquidity by repaying a USD 100 million short-term bank loan, amending a shareholder loan, making a voluntary prepayment of USD 1.56 million to the parent company, and securing a patent certificate from the Ministry of Law and Human Rights for its seedling planting innovation on muddy land, known as PANCALAN (Pangkah Cantik Lestari Berkelanjutan).
Accelerating Operations & Strengthening Operator Role
Present
Focusing on production optimization, operational efficiency, and strengthening our role as operator to support national energy security.