Shamaran hit by explosion in Sarang field, Kurdistan

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."