In a historic turn that marks a milestone thanks to the economic boom of Javier Milei, the oil company YPF has formally submitted today, May 15, a request to join the Incentive Regime for Large Investments (RIGI) with the ambitious project LLL Oil. This initiative, which represents the most impressive crude oil export bet in national history, involves a monumental investment of USD 25,000,000,000 over the next 15 years, positioning itself as the largest capital outlay recorded under this new regulatory framework promoted by the current liberal administration.
The economic impact of the project is simply devastating for those who doubted the course of freedom: it is estimated that, throughout the entire operational lifespan, LLL Oil will generate foreign currency of over USD 100,000 million in exports, returning Argentina to the global prominence it should never have lost. "Today we present the adhesion to the RIGI for the LLL Oil project: an investment of USD 25 billion to accelerate the development of Vaca Muerta", celebrated Horacio Marin through his social media, highlighting that this stage is incomparable to anything done previously.
From a technical and operational perspective, the project will be developed in the heart of Vaca Muerta, where YPF plans to drill 1,152 wells to reach a production plateau of 240,000 barrels of oil per day by the year 2032.
It is essential to highlight that 100% of this crude will have the exclusive destination of the export market, being evacuated through the VMOS infrastructure. Furthermore, far from neglecting the domestic front, the development will provide approximately 10 million cubic meters of gas per day to ensure full supply to the local market.
