Vaca Muerta Strategic Investment
Immediate Priorities
Path to near-term value creation
Priorities
1
2
Key Action Plan
Integrate acquired entities
and assets
Take over, secure business continuity, and integrate operating teams
Update reporting, management and operating systems
Launch development of
Vaca Muerta
Complete top-notch unconventional team by hiring basin specialists
Begin drilling with one fit-for-purpose rig and complete four horizontal wells during the
second half of 2018
Tie-in first unconventional wells by early 2019
3
Contain conventional
production decline
Drill and complete at least ten wells in 2018
Revise existing subsurface models and redefine exploration and production
projects portfolio
4
•
Right-size conventional
operations
5
Pursue regional expansion
plan
Merge contracts from acquired entities and introduce new pay-for-performance
contracting model
Engage with key stakeholders to improve labor efficiency
Continue strategic dialogues to establish an operating platform in Mexico
Evaluate complementary opportunities to consolidate the Argentina operation and
enter Colombia and Brazil
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."
Co
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