ShaMaran Petroleum Corp.

ShaMaran Petroleum Corp. is a Canadian independent oil and gas exploration and production company headquartered in Vancouver, British Columbia, Canada. The company's core business is focused on the Kurdistan region of Iraq. Its mission is to build a leading oil exploration and production company in Kurdistan, aiming to create positive economic and social impacts on local communities while growing shareholder value.

The company is engaged in the development and production of oil and gas, holding non-operated working interests in two adjacent oil blocks in the Kurdistan region of Iraq. Specifically, it has a 50% working interest in the Atrush Block and an 18% working interest in the Sarsang Block. Both of these blocks are operated by HKN Energy Ltd. The Atrush field commenced oil production in 2017, and the Sarsang field began production in 2014.

Garrett Soden serves as the President and CEO, having been appointed in May 2023, with Elvis Pellumbi as the Chief Financial Officer. ShaMaran's market position is significantly influenced by the geopolitical landscape in the Kurdistan region of Iraq, particularly regarding the Iraq-Türkiye pipeline, which affects its ability to export oil at international prices. Recent developments include shareholder approval in March 2026 for a primary listing in Oslo and corporate continuance to Bermuda, intended to broaden its investor base and enhance liquidity. The company reported improved financial performance in 2025, driven by the resumption of international oil exports and higher crude prices, though geopolitical tensions and operational uncertainties in the region continue to present challenges.