Insight
Argentina’s RIGI: from a policy tool to investment catalyst
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Vaca Muerta's potential has been told so many times it has become a cliché now. Argentina's Régimen de Incentivo para Grandes Inversiones (RIGI) evolved to make Vaca Muerta's economics compelling. Does it actually work — not just in the press release, but in the financial model, under stress, and across a political cycle that no one can guarantee?
Table of contents
- Executive summary
- RIGI's story so far
- Unlocking Vaca Muerta's potential – a fiscal analysis
- Beyond RIGI's fiscal economics – the durability question
Tables and charts
This report includes the following images and tables:
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RIGI's upstream oil and gas-related investment pipelineRIGI’s evolution since its inceptionRIGI's value addition (NPV10 as on 1 Jan 2026)
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Government share vs investors’ post-tax IRRSplit of profit (pre-RIGI vs post-RIGI)Impact of fiscal synergies (pre-RIGI vs post-RIGI, NPV10 as on 1 Jan 2026)Argentina’s upstream fiscal history (20 years in review)Remaining Vaca Muerta capital expenditure (2027 – 2036)*
What's included
This report contains:
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