19 Bedroom Joint Venture Halls in Bakassi, Cross River
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About Bakassi, Nigeria
Bakassi is a Peninsula on the Gulf of Guinea. It lies between the Cross River estuary, near the city of Calabar in the west, and the Rio del Ray estuary on the east. It is governed by Cameroon, following the transfer of sovereignty from neighbouring Nigeria as a result of a judgment by the International Court of Justice. It consists of a number of low-lying, largely mangrove covered islands.
The peninsula is commonly described as "oil-rich", though in fact no commercially viable deposits of oil have been discovered. However, the area has aroused considerable interest from oil companies in the light of the discovery of rich reserves of high grade crude oil in Nigeria. At least eight multinational oil companies have participated in the exploration of the peninsula and its offshore waters.
Bakassi is situated at the extreme eastern end of the Gulf of Guinea, where the warm east-flowing Guinea Current (called Aya Efiat in Efik) meets the cold north-flowing Benguela Current (called Aya Ubenekang in Efik). These two ocean currents interact, creating huge foamy breakers which constantly advance towards the shore, and building submarine shoals rich in fish, shrimps, and a wide variety of other marine life forms.