An oil field offshore Senegal may be viewed as a world-class reservoir following an update to the reserve estimate, Australia-based explorer FAR Ltd. said. FAR said an independent assessment of the SNE field raised the reserve estimate by about 20 percent to 561 million barrels of oil. A string of exploration successes at the field meant the company was able to plan for more drilling. “Appraisal drilling results to date indicate the SNE field could be a world class oil deposit which could justify a significant commercial development,” Managing Director Cath Norman said in a statement. The company in 2014 started a drilling program in the nearby FAN-1 reservoir in deep waters off the coast of Senegal, which FAR […]