PAE Announced the First RIGI for Conventional Oil: It Will Invest $680 Million in Chubut
7 Articles
7 Articles
Pan American Energy (PAE) announced that it will submit its application for membership of the Large Investment Incentive Regime (RIGI) to develop a new project in the area of Cerro Dragon, in Chubut, with a projected investment of US$680 million. The initiative will become the first project linked to conventional oil to enter the government-driven scheme, which had so far concentrated energy sector announcements on Vaca Muerta and non-convention…
The company will enter into the incentive scheme a tertiary recovery plan with 22 polymer plants to sustain activity in the San Jorge Gulf basin
Buenos Aires, May 28 (NA) – Pan American Energy (PAE) announced that it will submit an application for membership of the Big Investment Incentive Regime (RIGI) to develop a tertiary recovery project in Cerro Dragon, Chubut, with planned investments of almost USD 680 million. The initiative contemplates the construction of 22 polymer injection plants, the preparation of about 220 injector wells and about 650 producing wells. According to the comp…
Pan American Energy (PAE) will present to the Big Investment Incentive Regime (RIGI) a $680 million project to be developed in Cerro Dragon, its historic site in Chubut. It will be the first application to the program of a disbursement for the production of conventional hydrocarbons. PAE's investment will be for a tertiary recovery project. It will include the construction of 22 polymer injection plants, the preparation of almost 220 injector we…
The initiative will extend the useful life of wells and an accumulated incremental extraction of 24 million barrels. A bet in the middle of a business that leans towards the shale oil. Read more
Pan American Energy (PAE) announced the presentation to the Regime of Incentives to Large Investments (RIGI) a project to accelerate the tertiary recovery of oil located in the block Cerro Dragon, in the province of Chubut. The investment, which will be of US$680 million, is the first that is announced under this regime in the province of Chubut. To advance, it will mean a greater activity in a basin hit by the decline of conventional oil produc…
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