Arauco Basin, Cenral Chile: Summary

  • Palatine has been selected by the Chilean Ministry of Energy as the preferred contractor for Bloque Arauco.  Granting of a full Exploration Contract is awaiting the drafting of shale gas exploration and development regulations by the Ministry.

  • Once granted, Bloque Arauco (blue outline) will be Central Chile's largest exploration permit. It is about 100km from the major Concepción energy market.

  • A description of the geology and resource potential of Bloque Arauco is available at Arauco Basin

Parameter

Arauco

Whole basin or sub-basin all
Area of permit application Bloque Arauco 10,000 km2
Wells with gas shows or flows in permits 3 (previous production)
Wells with gas/oil flows in adjacent permits none
Current oil/gas production in adjacent permits none
Permit access road/sea
Indicative plays/leads yes
Infrastructure/market access close 100 km
Environmental Risk low
Sovereign Risk medium