We currently expect hydrocarbons production to continue its upward trajectory in Bolivia over the medium term; however, we are pricing in a slowdown in growth toward the end of the decade. Namely, while the country's oil and gas sector has largely weathered broader concerns related to the business environment, the threat of resource nationalism remains a risk, as does a fairly weak reserve position, encouraging a more tempered long-term outlook. Of the two hydrocarbons, we believe gas has a brighter future, with the redevelopment of producing fields and increased investment into new exploration to bolster output. With regards to liquids, condensate volumes from gas production presents upside potential and we note significant short-term growth from the bringing online of natural gas liquids separators. We believe though, that maturing crude fields suggest potential for a slowdown in growth over the longer term.