The Argentine state-led oil company said it expected a capex cut of 20% to 25% for 2016, projecting flat production for 2016, with a focus on natural gas.
The company aims to place 14 drilling and 10 workover rigs in standby mode, a process that has already begun, according to a Friday presentation.
"We will continue de-risking Vaca Muerta," Miguel Galuccio told investors on a conference call.
"But
