Oil Exploration & Development
Focusing on Growth
ShaMaran Petroleum Corp. is an oil development and exploration company with production from two adjacent blocks in Kurdistan. The Company holds a 27.6% interest in the Atrush Block and an 18% interest in the Sarsang Block. To date, cumulative production (100% basis) from its fields has reached over 120 million barrels. The Company is focused on developing the considerable reserve and production upside potential of its projects. ShaMaran is a member of the Lundin Group. Please view the Company’s latest MD&A and Annual Information for important information related to the its projects, description of the Company’s business, reserves, and risk factors
"We are very excited for our future prospects and will continue to execute on our strategic vision to be a best-in-class producer in Kurdistan with sustainable growth, low-leverage and significant cash flow generation. We have a strong cash position which provides us with flexibility and optionality, and in the current oil price environment, we expect continued strengthening of our financial and operational metrics."
- Dr. Adel Chaouch,
President and CEO, ShaMaran Petroleum