PROJECT-1 BITUMEN EXPLORATION AND PRODUCTION
EL – 28420 was granted to Lakel in October 2018 to develop the licence area into a Bitumen production mine.
Nigeria’s bitumen, also known as oil sands, has not yet been exploited, but is a potential source of future revenue for Nigeria, Geologists and engineers predict that Nigeria would use similar methods to extract bitumen as Canada, as the reserves are geologically similar.