Pluspetrol and GyP Secure RIGI for $12.4B Vaca Muerta Project

Argentina's Pluspetrol and state-owned GyP have secured RIGI incentives for the $12.4 billion Bajo del Choique-La Invernada development in Vaca Muerta, a 25-year project with over 620 wells targeting 100,000 bpd of oil and 12 million cubic meters of gas per day. This marks a major commitment to unconventional energy production under Argentina's large-investment incentive regime, signaling sustained upstream activity in the Neuquén Basin. The scale and long-term horizon suggest significant implications for Argentina's energy balance and export potential, though execution risks and financing details remain to be seen.