What is the scale and timeline of Pluspetrol's planned investment in the Bajo del Choique-La Invernada field under Milei's RIGI initiative?

Pluspetrol SA plans to invest $12 billion in the Bajo del Choique-La Invernada field to achieve daily output of 100,000 barrels of crude oil and the equivalent of 73,000 barrels of gas within approximately two decades, following its application to Milei’s expanded RIGI incentive program.

Why is the Bajo del Choique-La Invernada project considered significant in the context of Argentina’s Vaca Muerta development and Milei’s energy policy?

The Bajo del Choique-La Invernada project is the largest yet to seek inclusion under Milei’s RIGI initiative — a marquee investment incentive package broadened earlier this year specifically to cover shale oil wells — and represents a flagship effort to accelerate development in Argentina’s Vaca Muerta shale patch, with Pluspetrol having acquired the acreage from Exxon Mobil Corp. 18 months prior.

Milei Incentives Set to Boost $12 Billion Vaca Muerta Oil Field

Apr 24, 2026

Argentina's Vaca Muerta shale oil field will see accelerated development under President Milei's new RIGI incentives. Pluspetrol aims to invest $12 billion to achieve 100,000 barrels daily crude output within two decades.

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