Generalizes on the best strategy to enter the market, e.g., visiting the country; importance of relationships to finding a good partner; use of agents.
Last Published: 6/15/2016

Kosmos Energy acquired 65 percent of Equator Exploration’s interest in block 5 of STP’s Economic Exclusive Zone (EEZ) on February 19.  Kosmos will operate block 5 with Equator retaining a 20 percent interest.  This follows Kosmos’ October 2015 acquisition of ERHC Energy’s rights in Block 11 of the EEZ, which allows Kosmos to operate the block and gives it an 85 percent ownership stake.  

Visiting STP and meeting key players in the government is vital to doing business in STP.

STP is a member of several multi-lateral organizations, including the Economic Community of Central African States (ECCAS) and the Community of Portuguese Language Countries (CPLP).

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.