ShaMaran Petroleum's daily production in Atrush and Sarsang fields reaches 52,000 barrels
ShaMaran Petroleum announced that production in its Kurdistan Region fields has reached 52,000 barrels per day following the resumption of operations, and reported $84.6 million in revenue for the third quarter.
ShaMaran Petroleum has announced that its daily oil production capacity has risen to approximately 52,000 barrels following the resumption of production at the Atrush and Sarsang oil fields in the Kurdistan Region.
According to the company's financial and operational results for the third quarter of 2026, production activities, which were halted in March 2026 due to the Iran war, resumed in mid-August. Daily production, which averaged 32,000 barrels throughout the third quarter, has currently reached the 52,000-barrel level. The company recorded $84.6 million in revenue during this period.
ShaMaran President and CEO Garrett Soden stated that the increase in oil prices and sales conducted via the Kurdistan Region-Turkey pipeline supported profitability. The company also reported that it signed an agreement with HKN Energy on October 20 to enter the Hemrin field, and decided to merge with Gulf Keystone Petroleum on November 9.
Sources
- rudaw.net · Link