More oil discovered in the deep waters off the coast of Senegal, which the companies involved say confirms its potential. Photo courtesy of Cairn Energy July 11 (UPI) — Oil was discovered again off the coast of Senegal, which companies said Tuesday would be added to the reserve potential in the emerging basin. Scottish energy company Cairn leads a consortium probing the reserves in waters off the coast of West Africa. At its FAN South-1 exploration well offshore Senegal, the company said oil was encountered and work was under way to establish the potential for commercial development of the deepwater prospect. Cairn Energy CEO Simon Thomson said FAN South-1 was the tenth well drilled in three years and the second to uncover oil and the deeper portion of the basin. According to FAR Ltd., the company’s drilling partner, FAN South-1 could hold as much as 134 million barrels of […]