🔻 According to the press release of Canadian ShaMaran Petroleum Company for the first half of 2025:
🔹 The company’s total revenue in the first half of 2025 amounted to $71.27 million, while in the first half of 2024 it was $45.218 million. Accordingly, revenue increased by $26.052 million, or 58%.
🔹 The combined average daily production from both the Atrush and Sarsang fields in the first half of 2025 was 64,500 barrels of oil per day (bopd), compared to 56,100 bopd in the first half of 2024. This represents an increase of 8,400 bopd, or 15%. In the first half of this year, Atrush’s average daily production was 35,200 bopd and Sarsang’s was 29,300 bopd, whereas in the first half of 2024, Atrush averaged 22,500 bopd and Sarsang 33,600 bopd.
🔹 The Atrush block has not been affected by any drone attack impacts and has resumed full-capacity production, but in the Sarsang block, production restarted at a reduced rate due to damage sustained. Current assessments indicate that about half of Sarsang’s production capacity will remain offline until the end of October 2025.

ShaMaran Petroleum Company Revenue in the First Half of 2025

According to ShaMaran Petroleum Company’s press release:
The company’s total revenue in Q2 2025 amounted to $35.385 million, compared to $22.630 million in Q2 2024. This means Q2 2025 revenue increased by $12.755 million, or 56%, compared to the same period last year.

Meanwhile, the company’s total revenue in the first half of 2025 was $71.27 million, compared to $45.218 million in the first half of 2024—an increase of $26.052 million, or 58%.

Oil Production from the Sarsang and Atrush Fields in the First Half of 2025

ShaMaran Petroleum, which has stakes in both the Sarsang and Atrush oil fields, announced:
The combined average daily production from the two fields in the first half of 2025 was 64,500 bopd, compared to 56,100 bopd in the first half of 2024, an increase of 8,400 bopd or 15%. In the first half of this year, Atrush produced an average of 35,200 bopd and Sarsang 29,300 bopd. In the first half of 2024, Atrush averaged 22,500 bopd and Sarsang 33,600 bopd.

The company also revealed that on July 15, 2025, ShaMaran was informed by HKN Energy Ltd. (“HKN”), the operator of the Sarsang block, that production had been halted following an explosion at one of the facilities due to a suspected unmanned aerial vehicle (UAV) strike. No casualties occurred, but three storage tanks and associated pipelines were damaged.

Although no incident occurred in the Atrush block and there were no further UAV strikes on Sarsang, production in both blocks was temporarily shut down as a precautionary measure following similar incidents at other fields in the Kurdistan Region.

HKN resumed production in both blocks once the situation stabilized and was deemed safe after consultations with the Kurdistan Regional Government. The Atrush block was unaffected and returned to full capacity production. However, in the Sarsang block, production restarted at a reduced rate due to the sustained damage, and current assessments indicate that approximately half of Sarsang’s production capacity will remain offline until late October 2025.

Source:
ShaMaran Reports Second Quarter 2025 Results, August 6, 2025
https://shamaranpetroleum.com/news/shamaran-reports-second-quarter-2025-results-122873/