ShaMaran Petroleum Sees 94.7% Production Drop in Kurdistan Oil Fields

Canadian oil company ShaMaran Petroleum reported a sharp decline in production at its Atrush and Sarsang oil fields in the Kurdistan Region's northern Duhok province, citing security conditions and implications of the Iran war.

The average daily oil production across the two blocks fell to 1,900 barrels per day (bpd) in the second quarter of 2026, a 94.7 percent drop from 35,900 bpd in the first quarter and a 97 percent decline from 63,800 bpd in the same period last year.

The company's net production share fell to 700 bpd in the second quarter, down from 13,100 bpd in the first quarter and 22,700 bpd in the fourth quarter of 2025.