African Petroleum confident about oil offshore West AfricaStaff Writer | October 16, 2017
Some of the more promising oil basins off the coast of West Africa are close the point of pay off despite recent setbacks, African Petroleum said.
Africa Gambia, Senegal, Ivory Coast and Sierra Leone
Hailed as one of the largest discoveries when declared in 2014, the companies tied to Senegal say the SNE offshore field, combined with other exploration developments, may hold more than 1.5 billion barrels of oil. Australian energy company FAR Ltd. and British company Cairn Energy, the operator, declared a new discovery offshore Senegal in August, just to the north of SNE.
African Petroleum said it was applying to start a new survey and drilling campaign at other areas offshore Senegal, but added the uncertainty on the trajectory made it difficult to find operating partners. ■