Jun. 2 at 6:51 PM
🇦🇷 Chevron Argentina has submitted an application under the Large Investment Incentive Regime (RIGI) to develop a new oil project in El Trapial, in the Rincón de los Sauces area, north of Vaca Muerta.
▫️The estimated investment is US
$13.8B and its pending government approval.
The US oil company stated that frameworks like RIGI “contribute to regulatory predictability and encourage long-term investment decisions.” Chevron was the first major oil company to invest in Vaca Muerta, along with
$YPF.
Luis Caputo (Minister of Finance ) had already announced in May that the company was preparing a mega-investment in the area.
$CVX