Canadian oil and gas company ShaMaran Petroleum is in the works to acquire TAQA’s share of the Atrush block in the Kurdistan Region, the firm announced on Monday.

ShaMaran “has entered into definitive agreements for a two-step transaction to increase its indirect working interest in the Atrush Block in Kurdistan from 27.6% to 50% with HKN Energy IV, Ltd.,” the company said.

The company said the deal “continues ShaMaran’s consolidation strategy in Kurdistan.”

Abu Dhabi’s TAQA has sold all of its interest in the Kurdistan Region’s oil field, its sole asset in Iraq.