Vaca Muerta Strategic Investment

Fast Track to Full-Scale Development (1/2) Bajada del Palo development versus typical schedule Typical Development Bajada del Palo Fast Track Development Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Delineation Phase Ramp-up Pilot Phase 1 Field Development in Factory Mode Full-Scale Development Delineation Phase 3D seismic acquisition and interpretation . Prospective drillable area definition Data gathering in vertical wells: ✓ • Core acquisition for the whole VM interval • Full set of logs (sonic and image) • Thermal maturity confirmation Petrophysical analysis to determine landing zones Horizontal wells to confirm landing zone productivity Already completed for Bajada del Palo Block Advanced understanding for Bajada del Palo Block Pilot Phase 1 Inputs for field development plan . Pad configuration definition . Number of wells per pad • Batch drilling and optimization • Completion design optimization Field development plan elaboration Facilities construction ✓ Sand & water logistics optimization Scale contracts negotiation Full-Scale Development Ramp up in activity Operations standardization Production optimization • Choke management policy • Artificial lift optimization • Preventive shut-in policy to prevent interference • Flow assurance . Telemetry and Automation (Control Room monitoring) Well construction continuous improvement • • Real time optimization (Remote Operations Center) Procedure for new technology testing Important Note: projections, estimates, targets and goals are forward-looking statements and not guarantees of future performance. See "Important Note Regarding Projections and Other Forward- Looking Statements." 27

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