The over-riding objective of Phase 2 is to comprehensively build on the knowledge, database, methodology, experience, contacts and signed agreements of Phase 1. It is the intention to establish an unparalleled understanding of shale resources in South America, enabling sponsors to make well informed exploration and exploitation decisions. Phase 2 research will follow two major avenues.
Continue the evaluation of selected basins and shales reviewed in Phase 1, exploiting the access to data afforded by the signing of agreements of cooperation with key organizations in Colombia, Peru, Argentina and Brazil. Phase 1 sponsor feedback indicates that the Neuquen Basin (Argentina), San Jorge Basin (Argentina) and the Middle Magdalena Basin (Colombia) should be included in the in-depth assessment. Additional basins may be added with a consensus of Phase 2 sponsors.
This element of Phase 2 would involve a preliminary evaluation of additional South American basins (outlined in Objectives), following the pattern established in the Phase 1 project.
Data will be the EGI database, public domain, sponsor contributions and in-country universities and government agencies.
Results are available to project sponsors at interim meetings, data uploads and upon completion of the report. Project staff will be available for consultation throughout the duration of the project.