SKK shares surge 12.96% after-hours as joint verification team with Polda Sumsel aims to boost legal compliance and production.

SKK surged 12.96% in after-hours trading following news of a joint verification initiative between Polda Sumsel and SKK Migas to ensure legal compliance and stability in South Sumatra’s oil operations. The collaboration aims to verify the legality of oil wells, prevent operations in disputed or restricted areas, and address potential social conflicts, thereby reinforcing regulatory clarity and sector stability. Kapolda Sumsel emphasized that legal certainty is critical for energy security, while SKK Migas expressed readiness to conduct field verifications. The move is expected to streamline operations, reduce risks, and support accelerated oil and gas production, aligning with national energy strategies. The positive sentiment reflects confidence in enhanced governance and operational transparency for the sector.