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 expansion and modernization initiative aims to significantly increase the refinery’s petrol production capacity, quadrupling it to 450 thousand tonnes per year. As a part of this project, the Combined Cycle has been revamped to utilize hydrogen generated by the new Platforming unit. Additionally, energy production has been optimized by recycling gas, resulting in a notable reduction in polluting emissions.
Located onshore Libya, the Abu Attifel and NC 125 fields are active in conventional oil production. Their peak production occurred in 1994, having already recovered 92.14% of their total recoverable reserves. Economic projections indicate that oil extraction will continue until these fields reach their economic limit by 2046. Presently, these fields contribute approximately 5% to Libya’s daily oil output.