This movie has NOT been nominated for an Oscar...
It's Argentina's submission to the Oscars. Most countries with a film industry submit a film to the Academy for consideration and this is Argentina's submission, but it has not been nominated yet.
And, frankly, I doubt that it will be.
The movie plays in a monotone. Moments that could have been milked for dramatic value or suspense like the birth of the twins, or the Israeli agent's investigation, or the little girl's relationship to the German doctor are flat and lacking in any intensity. Sure, the film is well photographed and the actors are fine, but the director/screenwriter doesn't seem to understand the fundamentals of film narrative. The characters don't change, nobody learns anything and any sense of menace the film could have delivered never really shows up on the screen.
A missed opportunity. Nice Patagonian landscapes, though.