KrisEnergy Ltd., an independent upstream oil and gas company, booked revenue of US$68.5 million in first half (H1) this year, up 7.3% from US$63.8 million revenue in H1 last year. A substantial 76.6% increase in realized oil sales prices in H1 lifted group revenue, despite a 26.3% reduction in volumes of crude oil produced from a year ago. Realised crude oil prices in the first and second quarters of 2017 averaged above US$46.00 per barrel (bbl), the highest levels since the third quarter 2015. Gas sales prices from the B8/32 and B9A concessions averaged US$4.11 per thousand cubic feet (mcf), the highest level since the first quarter of 2016. KrisEnergy has operation in Indonesia such as Block A Aceh PSC and Bulu PSC.
