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Production / Operations

ShaMaran Reports Temporary Production Shut-In

By The Northwire Desk — AI Analysis Mar 02, 2026 · 02:30 SNM · 0.24 ShaMaran Petroleum Corp.
SNM · Price

Executive Summary

  • ShaMaran Petroleum Corp. reports that its operator, HKN Energy Ltd., has temporarily shut in production at both the Atrush and Sarsang blocks in Kurdistan due to deteriorating regional security conditions.
  • The shutdown is a precautionary measure; ShaMaran’s assets and personnel remain unaffected.
  • The company will continue monitoring the situation and provide updates as appropriate.

Key Details

  • Fields Affected: Atrush Block (50% working interest) and Sarsang Block (18% working interest).
  • Reason for Shut‑In: Deterioration in the regional security environment in the Kurdistan Region of Iraq.
  • Status of Assets/Personnel: No impact reported on ShaMaran’s assets or staff.
  • Operator Action: HKN Energy Ltd., operator of both blocks, initiated the temporary shut‑in as a precautionary measure.
  • Monitoring & Communication: ShaMaran and HKN are closely monitoring security developments; further updates will be issued as appropriate.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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ShaMaran Output Halts Indefinitely as Kurdistan Security Deteriorates

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Shamaran acknowledges explosion at Sarsang; no injuries

Production / Operations