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Article

1 Sep 2015

Author:
Cecilia Milesi, CDA

Argentina: NGO reports on field visit to look at socio-economic impacts of Total Austral’s Vaca Muerta operations

“Co-Author: CDA Total Austral Argentina, Vaca Muerta Field Visit Report”

In the spirit of collaborative learning, CDA has engaged with Total over a period of 12 years…[CDA] visited Total Austral’s operations in Vaca Muerta, Neuquén, Argentina and met with a wide-range of stakeholders... The Vaca Muerta formation…ranks second in the world, behind China, in potentially recoverable shale-gas reserves and ranks fourth in shale oil…Increasing investments in the region, however, are having a complex socio-economic impact. This report presents the observations gathered during the field visit and an analysis and the potential options for Total Austral to consider in their operations in the region and the constantly changing context…The report also provides options for Total Austral to consider in order to  achieve and maintain positive relationships with stakeholders at all levels  and to implement effective social investment projects that lead to  positive, sustainable impacts for the region…More information on CDA and its work in the area of Responsible Business Practice.