After making an upward revision to the reserve estimate offshore Senegal, Australia’s FAR Ltd. said a final investment decision is expected next year. FAR Ltd. and its joint venture partners announced the completion of a geotechnical study of a 2,900 square mile permit area off the coast of Senegal that includes the flagship SNE oil discovery. The results revealed another 198 million barrels to the estimated 641 million barrels in the best estimate scenario of contingency reserves. With 11 successful wells drilled to date, FAR Managing Director Cath Norman said in a statement the revision is a testament to the “fantastic opportunity” offshore Senegal. The broader West African basin is gaining a reputation as an emerging producer and […]