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Santorini is complex of overlapping shield volcanoes. Basalt and andesite lava flows that make the shield are exposed in the cliff below the town of Phira. Some of t he cliff is thought to be a caldera wall associated with an eruption 21,000 year ago.antorini is complex of overlapping shield volcanoes. Basalt and andesite lava flows that make the shield are exposed in the cliff below the town of Phira. Some of t he cliff is thought to be a caldera wall associated with an eruption 21,000 year ago.
Location: Fira. Santorini Caldera: The Santorini Caldera undoubtedly is one of the natural wonders on planet earth. The volcanic explosion that occurred here 3500 years ago forever changed the topography of the Mediterranean coast. The caldera of Santorini is actually a basin,four miles in diamater which scientists and archaeologists have linked with the myth of Atlantis.