Companies working to exploit frontier oil reserves are working to submit field development plans as quickly as possible, a top executive said. Africa-focused FAR Ltd. said the SNE field off the coast of Senegal, which could hold up to 641 million barrels of oil, is in the development planning stage . “The Senegal joint venture is progressing towards the submission of a development plan for the SNE field as quickly and efficiently as possible,” Managing Director Cath Norman said in a statement. The Senegalese development comes at a time when energy companies are reviewing their portfolio options against a price for crude oil that’s about half what it was two years ago. FAR, which has headquarters in Australia, said, however, that its offshore […]