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GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0%
Production / Operations

Shamaran hit by explosion in Sarang field, Kurdistan

By The Northwire Desk — AI Analysis Mar 05, 2026 · 17:50 SNM · 0.23 Shamaran Petroleum Corp
SNM · Price

Executive Summary

  • Shamaran Petroleum Corp. reported an explosion at its processing facility within the Sarsang block in the Kurdistan region of Iraq.
  • All personnel are accounted for with no injuries reported; however, operations at the Sarsang field have been suspended pending a full safety assessment.
  • Production at the Atrush field has also been shut in as a precautionary measure.

Key Details

  • Incident Location: Processing facility at the Sarsang field, Kurdistan region of Iraq.
  • Casualties: No injuries reported; all personnel safely accounted for.
  • Operational Impact:
    • Operations at the Sarsang field suspended until the site is secure and a full evaluation is completed.
    • Production at the Atrush field shut in as a precaution.
  • Response Actions: HKN (partner/operator) has initiated a full assessment and is coordinating with local authorities and stakeholders.
  • Company Interests: Shamaran holds a 50% working interest in the Atrush block and an 18% working interest in the Sarsang block.

Notable Quotes

  • "Shamaran and HKN are committed to the highest standards of safety and environmental responsibility and will provide further updates as more information becomes available."
Read the original news release →

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