Vista and Aleph Projects (DFC-VISTAALEPH)

Countries
  • Argentina
Geographic location where the impacts of the investment may be experienced.
Specific Location
Neuquén Province
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Vista Oil & Gas Argentina S.A. and Aleph Midstream S.A.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 24, 2022

Disclosed by Bank Jun 24, 2019

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

Vista Oil & Gas Argentina S.A. (VOG hereafter) and Aleph Midstream S.A.(AM hereafter) are applying for financing for the development of unconventional oil and gas production in its Bajada del Palo Oeste block (BPO hereafter), within Bajada del Palo area (BP), as well as for the development of midstream facilities to gather, process and transport unconventional oil & gas production from BPO block.The BPO project is part of the Vaca Muerta (“VM”) shale oil formation.

The Project includes drilling and completion of 110 wells in the next 4-5 years, as well as the construction, installation, operationand maintenance of midstream facilities to gather, process and transport unconventional oil & gas production from BPO (i.e. gathering lines, early production facilities, EPFs, oil, gas and water pipelines, central processing facilities, CPFs, compressor stations, lease automatic custody transfer units, LACT, etc.) tobe developed in the next 8-9 years. Additionally, some of the existing facilities (i.e. crude treatment plant, PTC, gas treatment plant, PTG, etc.) at Entre Lomas area (EL) are to be revamped in order to support the production from BPO.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

None of the funding information was available at the moment of the snapshot.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ACCESS TO INFORMATION

Unlike many other development finance institutions, DFC does not currently have an access to information policy.

 

Under the United States Freedom of Information Act (FOIA), DFC is obliged to respond to reasonably formulated requests for Agency records. However, DFC may apply exemptions from release to certain types of information and may charge fees in responding to requests. DFC has a designated FOIA officer who is trained in how to respond to requests and implement the law. You can learn more about filing a FOIA request at: https://www.dfc.gov/foia.



ACCOUNTABILITY MECHANISM OF THE UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE CORPORATION (DFC)

 

The Office of Accountability is an independent office that addresses complaints about environmental or social issues related to DFC-supported projects. The office provides communities an opportunity to have concerns independently reviewed and addressed. If you submit a complaint to the Office of Accountability, it may assist you by either seeking to address your problems by facilitating a problem solving dialogue between you and those implementing the project and/or investigating whether the DFC complied with its policies to prevent environmental, social, human rights, and labor harms. 

 

You can find more information about the Office of Accountability at: https://www.dfc.gov/who-we-are/office-accountability.

How it works

How it works