Founded in 2007, HKN is a privately held, independent energy company that was awarded a production sharing contract (PSC) by the Kurdistan Regional Government (KRG) for the Sarsang Block in northern Kurdistan. In 2024, HKN acquired an interest in the adjacent Atruch Block. HKN is the operator of both blocks.
Sarsang Block
HKN commenced exploration drilling of the Sarsang Block in 2010 and announced its first discovery, Swara Tika, in 2011. During the second quarter of 2014, HKN declared its initial discovery well, Swara Tika-1, as a commercial production well.
In late 2014, HKN announced its second discovery, East Swara Tika. In 2015, the KRG formally approved HKN Energy’s commercial development plan for both the Swara Tika and East Swara Tika discoveries.
HKN currently produces through four production facilities with total facility production capacity exceeding 60,000 bopd.
HKN holds a 62% participating interest in the Sarsang PSC. Shamaran Petroleum holds an 18% participating interest and the KRG holds a 20% carried interest.
Atrush Block
In August 2024, HKN acquired a 25% participating interest in the Atrush Block. ShaMaran Petroleum is the majority partner in the Atrush Block with a 50% participating interest, while the KRG holds a 25% carried interest.
Oil was discovered in the Atrush Block in 2011 and the first oil from the field was produced in September 2017.
HKN currently produces through two production facilities with total facility production capacity of 45,000 BOPD and 19,000 BWPD produced water handling capacity.