Exploration & Production

ShaMaran ups interest in Atrush block in KRI

ShaMaran has increased its working interest in the Atrush block in the Kurdistan Region of Iraq.
By Staff reporter 5 June 2018 0 31159

Canadian development and exploration company ShaMaran has increased its working interest in the Atrush block in the Kurdistan Region of Iraq from 20.1% to 35.1%.

ShaMaran intends to issue $240 million of new bonds to refinance $186 million of outstanding existing bonds and pay for the acquisition, the company has said.