ShaMaran Petroleum Corp V.SNM

Alternate Symbol(s): SHASF

Energy Oil & Gas E&P

ShaMaran Petroleum Corp. is a Canadian independent oil and gas company focused on the Kurdistan region of Iraq (KRI). The Company is engaged in the business of oil and gas exploration and production and holds interests in production sharing contracts. The Company indirectly holds an 18% working interest (22.5% paying interest) in the Sarsang Block in the KRI through its wholly owned subsidiary ShaMaran Sarsang A/S and a 50% working interest (66.67% paying interest) in the Atrush Block in KRI through its wholly owned subsidiary General Exploration Partners, Inc. (GEP). The Company is focused on developing the considerable reserve and production upside potential of its projects.

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ShaMaran Petroleum Corp > Info from Shamaran partner in Atrush, TAQA ...

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Comment by hikarion Sep 24, 2022 6:04am

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Post# 34983837

RE:Info from Shamaran partner in Atrush, TAQA ...

End of 2022 SNM will produce 18,000 bbl/d. 2025 SNM plans to produce 50,000 bbl/d.

To produce more oil from the Sarsang, Atrush oil fields more production wells have to be drilled. The oil fields were discovered ~10 years ago and have not reached their production plateaus because of politicals problems and slow permitting KRG.

Hopefully this time the ramp up of oil production is faster and with less problems than in the past in all N Irak Kurdistan oil fields.

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