Zigma Limited, a prominent player in the energy sector, is at the forefront of unlocking the vast potential of Nigeria’s bitumen reserves. Nigeria boasts an estimated bitumen reserve of a staggering 42 billion barrels, making it the sixth-largest deposit in the world as of 2016. Recognizing the strategic importance of these resources, the Federal Government of Nigeria has embarked on a journey to diversify its economy. This diversification effort has recently culminated in the allocation of valuable bitumen blocks within the Nigerian flank of the Dahomey Basin.
This ambitious endeavor is particularly significant, as the bitumen reserves are distributed across three major blocks, namely A, B, and C, with each of them further subdivided into sub-blocks. The sub-blocks are denoted as A1 to A18, B1 to B4, and C1 to C18. These resources are spread across four states, including Lagos, Ogun, Ondo, and Edo, showcasing the substantial geographic reach of Nigeria’s bitumen wealth.
In a significant development, the Federal Government of Nigeria has granted Zigma Ltd the rights to explore and exploit sub-block A6, situated in the Ogun state axis, which encompasses the regions of Ikene, Odogbolu, and Shagamu. This strategic allocation positions Zigma Limited as a key stakeholder in the development of Nigeria’s bitumen industry, which is poised to play a pivotal role in the nation’s economic diversification strategy.
Zigma Limited’s involvement in this project signifies its commitment to harnessing Nigeria’s natural resources and its dedication to contributing to the nation’s economic growth and development. With a reputation for innovation, environmental responsibility, and the highest standards of operational excellence, Zigma Limited is well-positioned to explore and harness the enormous potential of bitumen reserves in the Ogun state axis, ushering in a new era of progress and prosperity for the region and the nation as a whole.
As Zigma Limited embarks on this exciting venture, it brings to bear its extensive expertise, cutting-edge technology, and a commitment to sustainable practices, with the ultimate goal of not only enhancing its own standing in the energy sector but also fostering economic diversification, job creation, and increased energy security for Nigeria. This strategic partnership between Zigma Limited and the Nigerian government represents a significant milestone in the journey to unlock the nation’s bitumen potential and, in doing so, advance its economic diversification objectives.
For insight into our bitumen exploration and production projects, reach out to info@zigmaltd.com. Our expertise and achievements are worth exploring in the evolving energy landscape.