PAE commits $1.2B to Cerro Dragón tertiary recovery under Argentina RIGI

PAE announced a $1.2 billion tertiary recovery investment at Cerro Dragón under Argentina's RIGI incentive regime, adding 22 polymer injection plants, 100 new wells, and 600 interventions. The project targets 46 million barrels of oil and 30 BCF of gas incremental output. This signals a major private capital commitment to Argentina's unconventional/conventional oil sector, potentially boosting production and investment confidence.