Game on for Argentina's Vaca Muerta – outlook for the play

Five years into the shale play's development, Vaca Muerta's enormous potential is well known. Numerous ongoing pilots are consistently confirming productivity while a few projects are demonstrating what is possible under full scale development. Challenges remain to reduce costs and build necessary infrastructure. In this environment, how quickly can production ramp up? We outline our base case drilling and production forecast as well as upside and downside scenarios and the factors behind them.