SAKA INDONESIA PANGKAH LIMITEDActive
Key figures
Ratios
2024Balance sheet structure
Filed accounts2022–2024
| 2022 | 2024 | |
|---|---|---|
| Turnover | 237,907,000 | 154,028,000 |
| Profit for the year | 29,295,000 | -35,877,000 |
| Cash at bank and in hand | 12,149,000 | 33,418,000 |
| Total assets | 372,161,000 | 298,274,000 |
| Total liabilities | 434,339,000 | 363,878,000 |
| Net assets / total equity | -128,725,000 | -147,939,000 |
| Average number of employees | 323 | 327 |
| Average pay (per year) | 53,910 | 49,107 |
A dash (—) means no accounts were filed for that year or the item is not in the accounts; 0 is a zero stated in the accounts. Small companies usually file only a balance sheet, so the profit and loss account is often missing.
Principal activity
Accounts 2024The company's principal activity is, and will continue to be, the exploration for and the production of oil, natural gas and natural gas liquids in Indonesia. The company has a 65% interest in the Ujung Pangkah field, which is being developed in a staged manner with initial gas production followed by liquids development. The onshore facilities have been completed with the first gas sales achieved in April 2007, first oil in December 2008 and first Liquefied Petroleum Gas (LPG) in March 2009. One offshore platform (namely WHP A) has been in service since first production and a total of 15 wells have been drilled from this platform. Construction of the second well platform (namely WHP B) was completed and installed in January 2010. The drilling program from this platform commenced in October 2010 and at the end of 2020, a total of 19 production wells and 1 water injection well had been drilled. In 2021, the company completed to drill 1 development well (WPA-1). SIPL has continued to drill 1 development well (WPA-04), completing 3 well services (UPB11-ST2, SID-4V Re-Entry, Sid-3ST1 Re-Entry). In 2022 the company completed on development drilling WPA-04 Well. Throughout 2023 SIPL has continued to work over 2 wells (UPB-12 and UPB 11), completing 4 development wells (SID 02, SID 03, WPA 05 and WPA 06). As a result of a previous restructuring, the company was acquired by Saka Indonesia Pangkah B.V., the loan from the immediate parent undertaking amounting to $537,333,000 was novate
As described in the company's latest filed accounts.
Summary: SAKA INDONESIA PANGKAH LIMITED
Company
SAKA INDONESIA PANGKAH LIMITED is a private limited company registered with Companies House under company number 03076063. It was incorporated on 5 Jul 1995. Its status is active. The registered office is in London (SW1H). Its nature of business (SIC 2007) is extraction of crude petroleum (06100), extraction of natural gas (06200).
Accounts
The latest accounts in the database are for 2024 (period ending 31 Dec 2024); the company files full accounts. Turnover was £154,028,000. Loss for the year was £35,877,000. Net assets were −£147,939,000, down 14.9% on the previous year. Cash at bank and in hand was £33,418,000. Total assets were £298,274,000 and total liabilities £363,878,000. The company had an average of 327 employees. Figures are available for 2 financial years (2022–2024).
Control and charges
One person with significant control is registered.
Filing deadlines
The next accounts are due by 31 Dec 2026. The next confirmation statement is due by 2 Aug 2027.