VOL. XLVI

No 22

2-June-2003

MAURITANIA

Premier Oil Acquires Mauritania, Western Sahara Interests From Fusion

UK-based Premier Oil announced on 28 May it had acquired Mauritanian and Western Saharan interests, including the Chinguetti and Banda oil discoveries, from Australias Fusion Oil & Gas. In Mauritania, Premier will acquire Fusions 6% interest in Production-Sharing-Contract B (PSC B containing the Chinguetti discovery) and 3% interest in PSC A (containing the Banda discovery) for a cash...