Conventional and Unconventional Hydrocarbon Resource Potential Evaluation of Source Rocks and Reservoirs: A Case Study of the Upper Xiaganchaigou Formation, Western Qaidam Basin, Northwest China

The Paleogene upper Xiaganchaigou Formation (E 3 2 ) is the most important source rock and reservoir in the Qaidam Basin. However, there are few studies on the processes of hydrocarbon accumulation in this formation; therefore, its hydrocarbon resource potential has not been estimated reasonably. This paper evaluates the hydrocarbon generation properties in light of an improved hydrocarbon generation and expulsion potential model. According to the geochemical characteristics of source rocks and the petrological features of reservoirs, the potentials of different resource types, including conventional oil, tight oil and shale oil, are quantified by combining the buoyancy-driven hydrocarbon accumulation depth (BHAD) and the lower limit for movable resource abundance. The results show that the source rocks are characterized by a large thickness (more than 1000 m), moderate organic matter content, high marginal maturity and a high conversion rate (50% hydrocarbons have been discharged before R o = 1%), which provide sufficient oil sources for reservoir formation. Moreover, the reservoirs in the Qaidam Basin consist mainly of low-porosity and low-permeability tight carbonates (porosity of 4.7% and permeability less than 1 mD). The maximum hydrocarbon generation, expulsion, retention and movable retention intensities at present are 350 × 10 4 t/km 2 , 250 × 10 4 t/km 2 , 130 × 10 4 t/km 2 and 125 × 10 4 t/km 2 , respectively. The thresholds of hydrocarbon generation, expulsion and BHAD were 0.46% R o , 0.67% R o and 0.7% R o , respectively. Moreover, the dynamic evolution process of hydrocarbon accumulation was divided into three evolution stages, namely, (a) initial hydrocarbon accumulation, (b) conventional hydrocarbon reservoir and shale oil accumulation and (c) unconventional tight oil accumulation. The conventional oil, tight oil and movable shale oil resource potentials were 10.44 × 10 8 t, 51.9 × 10 8 t and 390 × 10 8 t, respectively. This study demonstrates the good resource prospects of E 3 2 in the Qaidam Basin. A comprehensive workflow for unconventional petroleum resource potential evaluation is provided, and it has certain reference significance for other petroliferous basins, especially those in the early unconventional hydrocarbon exploration stage.