Shamaran Petroleum Ltd.
1.62
NOK
-0.05
(-2.90%)
ISIN
BMG8080M1001
CUSIP
G8080M100
Return %
Stock
S&P 500
1Y
- -
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
USD
•
in mil. unless spec.Working Capital
USD
•
in mil. unless spec.Growth Rates
USD
•
in mil. unless spec.Quarterly Revenue
USD
•
in mil. unless spec.Quarterly Earnings Per Share
USD
•
in mil. unless spec.Quarterly Dividends Per Share
USD
•
in mil. unless spec.Company Description
- CEO
- Garrett Douglas Soden
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- Hamilton Bermuda
- IPO Date
- Jun 5, 2026
- Website
- shamaranpetroleum.com
- Similar Companies
- Business
- ShaMaran Petroleum Ltd. is an independent upstream oil and gas exploration and production company engaged in the appraisal, development, and extraction of crude oil and natural gas resources in the Kurdistan Region of Iraq. A member of the Lundin Group of Companies, the enterprise manages its upstream portfolio through direct and indirect non-operated participating interests in production sharing contracts across prolific Middle Eastern hydrocarbon basins. The company's principal operations and service offerings encompass the geological exploration and geophysical mapping of oil and gas reservoirs; the appraisal, drilling, and reservoir engineering of appraisal and production wells; the extraction and treatment of light, medium, and sour crude oil; the handling, separation, and reinjection of associated natural gas; the processing of raw hydrocarbons through centralized processing facilities and tie-in infrastructure; the distribution and logistics of crude petroleum via export pipelines and domestic trucking routes; and the commercial marketing and wholesale supply of unrefined crude oil to local refineries, domestic offtakers, and international trading entities. ShaMaran's primary asset base comprises an 18% working interest (22.5% paying interest) in the Sarsang Block, covering the Swara Tika and East Swara Tika fields, and a 50% working interest (66.67% paying interest) in the Atrush Block. In recent strategic developments, ShaMaran completed the acquisition of an additional 22.4% working interest in the Atrush Block from TAQA International B.V., expanding its ownership to 50% and establishing the entity as Sunrise Atrush B.V., while joint operator HKN Energy assumed operatorship of the asset. The transaction followed the company's prior integration of TEPKRI Sarsang A/S from TotalEnergies S.E., which established its participating interest in the Sarsang Block, alongside proactive operational adaptations to optimize local commercial crude sales and restore pipeline throughput amid regional transit developments. The company also executed a corporate continuance redomiciling its corporate seat to Hamilton, Bermuda. ShaMaran manages its regional assets through key operating subsidiaries, including Sunrise Atrush B.V., ShaMaran Sarsang A/S, General Exploration Partners, Inc., and ShaMaran Services S.A. Founded in 1991, ShaMaran Petroleum Ltd. is headquartered in Hamilton, Bermuda, and trades publicly on the Euronext Growth Oslo and the Nasdaq First North Growth Market in Stockholm under the ticker symbol SNM.