Production from the Vaca Muerta shale of Argentina is expected to double by 2018, according to a study by Wood Mackenzie. Yearly production is expected to increase by 10% in 2016 and grow at a markedly higher rate by 2020 as YPF and its joint-venture (JV) partners decrease drilling and completion costs, the study said. YPF will likely need to make more JV deals to develop its 6.3-million-acre position in the shale play, Wood Mackenzie concluded.
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