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 project involves fitting scrubbers onto container ships totaling a capacity of 8.09 million TEU. This initiative aims to comply with a new regulation enforced by the International Maritime Organization (IMO) since January 1st, 2020, which mandates an 85% reduction in sulfur emissions from shipping companies. The goal is to mitigate the sector’s environmental impact and enhance air quality. Scrubbers offer an effective solution for controlling emissions from large vessels by filtering exhaust gases produced during fuel combustion, thereby reducing pollution.
North Safa is an active conventional oil field situated in shallow waters off the coast of Egypt. Specifically located in the Northeast Ramadan Concession block, the field operates at a water depth of 217 feet. Anticipated to reach peak production by 2026, North Safa’s oil extraction will persist until it reaches its economic limit in 2041, as per economic projections.