President Javier Milei’s flagship incentive package, RIGI, is already shifting the timeline for Argentina’s energy sector. Private driller Pluspetrol SA has officially applied for the program, announcing a massive acceleration of its operations in the Vaca Muerta shale patch.
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The Project: Focused on the Bajo del Choique-La Invernada field (purchased from Exxon Mobil 18 months ago), the plan involves a US$12-billion investment over the next two decades.
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Production Targets: Pluspetrol aims to reach a daily output of 100,000 barrels of crude and 73,000 oil-equivalent barrels of gas.
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The RIGI Effect: Originally designed for large-scale infrastructure, the broadening of the RIGI initiative to include shale oil wells is proving to be a game-changer for speeding up drilling schedules across the region.
Why it matters: This is the largest project to date seeking inclusion in the RIGI framework, signaling strong private-sector confidence in the new regulatory environment.
SOURCE: batimes.com.ar