ShaMaran Petroleum Corp. (SNM)
XSTO XSTO Primary Summary
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ShaMaran Petroleum Corp. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Mr. Garrett Soden CEO | XSTO Exchange | CA8193201024 ISIN |
| CA Country | 9 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
ShaMaran Petroleum Corp. is a noteworthy entity in the oil and gas industry, focusing on exploration and development. Founded in 1991 and with its headquarters in Vancouver, Canada, the company has carved a niche for itself, particularly in the Kurdistan region of Iraq. It operates primarily through its significant 27.6% interest in the Atrush Block production sharing contract, which spans an area of 269 square kilometers. This strategic interest highlights ShaMaran's pivotal role in the regional oil and gas landscape, leveraging its expertise to explore, develop, and enhance energy resources.
Products and Services
- Exploration and Development of Oil and Gas
- Interest in the Atrush Block Production Sharing Contract
- Technical and Administration Services
ShaMaran Petroleum Corp. is deeply involved in the scouting and development phases inherent in the oil and gas sector. Through its partnership and investment in the Atrush Block, the company plays a vital role in uncovering and harnessing petroleum resources in this prolific area. This core activity not only propels the company's growth but also contributes significantly to the energy market in the Kurdistan region and beyond.
Holding a 27.6% interest in the Atrush Block production sharing contract is one of ShaMaran Petroleum Corp.'s significant assets. This involvement gives them a considerable stake in one of the productive oil fields in the Kurdistan region of Iraq, focusing on the exploration, development, and eventually, the distribution of oil and gas extracted from this locality. The contract underscores the company’s strategic investments and its role in the global energy supply chain.
In addition to its exploration and development pursuits, ShaMaran Petroleum Corp. provides essential technical and administrative services related to its operations. This encompasses a wide range of activities from project management, oversight of drilling and extraction processes, to logistic support and administrative functions. These services ensure efficiency and effectiveness in their projects, reflecting the company’s commitment to operational excellence and sustainability in the oil and gas industry.
