Bond Breakers

The Offshore Cape Three Points (OCTP) project is a comprehensive endeavor focused on developing oil and natural gas reserves, specifically to meet the energy needs of Sub-Saharan Africa. Positioned off Ghana’s western coast, OCTP operates subsea wells and systems linked to the John Agyekum Kufuor Floating Production Storage and Offloading (FPSO) unit. In 2020, OCTP contributed over half of Ghana’s gas supply for thermal power generation.

The CLOV Phase 3 Project is an offshore deepwater oil field development in Block 17, approximately 140 km off the Angolan coast. Operated by TotalEnergies, the project includes the installation of a four-well subsea production system connected to the existing CLOV floating production facility. The development is intended to increase oil output by approximately 30,000 barrels per day while maximizing the use of existing offshore infrastructure.

The Elephant Field (also known as El Feel Field) is an onshore oil field located in Libya’s Murzuq Basin. Operated by Agip Oil Company, a joint venture between NOC and Eni, the field was discovered in 1997 and started production in 2004.