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Well, I would say that this is nothing to worry about. I've seen it on another (non-XE) instance a while ago, but I don't remember right now what it was about.
Anyway, the event is just informational. What it is trying to say (but the string template isnt found) is :
In your case proc=SMCO and sid=xe.
Initializing PGA for process <proc> in instance <sid>.