The deepwater phase of Round One was launched on 17 December 2015 and will close sometime late-2016. We believe it will see high interest, particularly by Majors and Asian NOCs. Companies have been waiting for years to replicate the success achieved across the border. This phase offers ten blocks in the Perdido and Salina del Istmo regions. Thanks to the phased roll-out of Round One, the government has had the chance to learn from previous mistakes and incorporate industry feedback into the deepwater license contract.