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British-based SOCO International comes up empty drilling in deep West African waters.

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LONDON, Feb. 26 (UPI) -- Central African oil player SOCO International said it came up empty-handed while drilling in the waters off the coast of the Republic of Congo.

SOCO in early February said it started drilling into the Baobab Marine 1 block off the Congolese coast. At the time, the company said the well, drilled into an area not previously known to carry reserves, had characteristics similar to other oil-bearing sites in the region. The well, the company said, was targeting prospective reserves of around 350 million barrels of oil.

http://www.upi.com/Business_News/Energy-Industry/2016/02/26/Oil-hopes-fade-offshore-Congo/3201456492844/?spt=sec∨=bn

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