July 20, 2026
ShaMaran Petroleum Ltd. ("ShaMaran" or the "Company") (Euronext Growth Oslo:
SNM) (Nasdaq First North Stockholm: SNM) announces that production and pipeline
exports at the Atrush and Sarsang fields have been temporarily shut-in due to
the deterioration of the regional security environment.
Together with our joint venture partners, the Company is closely monitoring the
regional security situation in order to protect our field personnel and assets,
and we will restart production when deemed safe to do so.
About ShaMaran Petroleum Ltd.
ShaMaran is an independent oil and gas company focused on the Kurdistan region
of Iraq. The Company indirectly holds a 50% working interest in the Atrush Block
and an 18% working interest in the Sarsang Block. The Company is listed in Oslo
on Euronext Growth and in Stockholm on Nasdaq First North (ticker "SNM").
ShaMaran is part of the Lundin Group of Companies.
Elvis Pellumbi, CFO, +41 22 560 8600, info@shamaranpetroleum.com,
www.shamaranpetroleum.com
Important Information
This information was submitted for publication through the agency of the contact
person set out above on July 20, 2026, at 8:00 a.m. CEST.
The Company's certified advisor on Nasdaq First North Growth Market is FNCA
Sweden AB.
Forward-Looking Statements
Matters discussed in this announcement may constitute forward-looking
statements. The use of any of the words "will", "expected", "planned" and
similar expressions and statements relating to matters that are not historical
facts are intended to identify forward-looking information and are based on the
Company's current belief or assumptions as to the outcome and timing of certain
future events. Certain information set forth in this news release contains
forward-looking statements.
news release contains\
forward-looking statements. \