Sterling Energy plc / Fusion Oil and Gas plc

OFT closed case: Anticipated acquisition by Sterling Energy plc of Fusion Oil and Gas plc.

From:
Competition and Markets Authority
Published
13 October 2003
Case type:
Mergers
Case state:
Closed
Market sector:
Oil and gas refining and petrochemicals
Outcome:
Mergers - phase 1 found not to qualify
Closed:
13 October 2003

Affected market: Oil and gas exploration

No. ME/1407/03

On the basis of the information available to it, the OFT has decided that the anticipated acquisition of Fusion Oil and Gas plc by Sterling Energy plc does not qualify for investigation under the mergers provisions of the Enterprise Act 2002, because neither the UK turnover test nor the share of supply test in section 23 of the Act is met. A relevant merger situation has, therefore, not been created.

Published 13 October 2003

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