PAE files $1.2B RIGI project to boost Cerro Dragón output

Pan American Energy (PAE) submitted a $1.2 billion investment project under Argentina's RIGI incentive regime to expand the mature Cerro Dragón field, adding 22 polymer injection plants and 100 wells. This signals continued upstream investment in Argentina's conventional basins, likely aimed at arresting decline and sustaining production. The move aligns with broader RIGI-driven energy investment momentum, though execution and regulatory approval remain pending.