PT Pertamina Hulu Energi (PHE) booked revenue of US$1.99 billion in 2017, higher than US$1.5 billion in 2016. It booked net profit of US$259.88 million, higher than US$191 million in 2016. Cost efficiency supported the significant growth in revenue and profit. PHE produced 69,300 barrels oil per day (bopd) during 2017, compared to 62,588 in previous year. While gas production reached 723.5 mmscfd, lower than target of 768.5 mmscfd.