Nigeria Oil & Gas Concessions Map & Licenses.
Thereafter, licenses were given to and Whitehall Petroleum. History of oil exploration The history of oil exploration in Nigeria dates back to 1907 when Nigerian Bitumen Corporation conducted exploratory work in the country however, the firm left the country at the onset of World War I.Both types are paraffinic and low in sulfur. Crude oil from the delta basin comes in two types: light, and comparatively heavy – the lighter around 36 gravity and the heavier, 20–25 gravity. Therefore, though the petroleum sector is important, as government revenues and foreign exchange still heavily rely on this sector, it remains in fact a small part of the country's overall diversified economy. As of 2014, Nigeria's petroleum industry contributes about 14% to its economy.
The in is the largest on the African continent.
