Senegal may be situated in the hot spot for oil and gas discoveries offshore, an Australian energy company said. Photo by project1photography/UPI/Shutterstock PERTH, Australia, Sept. 14 (UPI) — Emerging oil and gas basins in and around the waters off the West African coast in Senegal are the world’s next hot spots, an Australian energy company said. Australia’s FAR Ltd. presented at an energy conference in Western Australia information on its prospects off the coast of Senegal. Emerging as one of the better prospects in its portfolio, the company said Senegal is at the dawn of development as no offshore oil exploration has been done in four decades and no deepwater drilling has ever been conducted in national waters. With contingent resources of around 200 million barrels of oil, the company said the SNE oil field offshore Senegal met the minimum threshold to be considered commercial. In its presentation , […]