The hydrocarbon generation evolution characteristics of lacustrine source rocks are crucial for understanding hydrocarbon resources. In this research, we focus on the mudstone found in the third member of the Paleogene Dongying Formation (E3d3) within the Bozhong Sag of the Bohai Bay Basin as a case study. An analysis of the discrepancy in geochemical characteristics and kinetic parameters was carried out by utilizing the modern organisms (pine pollen and benthic algae) analogies to the organic matter (OM) components (Pinaceae sporopollen and benthic algae amorphous). Furthermore, the bulk hydrocarbon evolution of the Dongying Formation mudstones was further discussed in combination with a water-added sealing thermal simulation experiment and basin simulation. Our findings indicate that the pine pollen and benthic algae have higher OM abundance compared to the E3d3 mudstones, and their OM types are both Ⅱ1-Ⅱ2, which possess excellent potential for oil generation. In contrast, the E3d3 mudstones are predominantly in the low mature to mature thermal evolution stage. When we compare hydrocarbon generation rates and transformation ratios using Rock-Eval pyrolysis, it becomes evident that modern organisms are more prone to generate large amounts of hydrocarbons even at a low mature stage. The kinetic parameters of pine pollen are notably higher compared to those of benthic algae and the E3d3 mudstone samples. In parallel first-order reactions, the activation energy obtained by the single-frequency factor model (SFFP model) displays a narrow distribution range, while the activation energy distribution range of the multi-frequency factor model (MFFP model) is broader. The MFFP model focuses more on the variations of hydrocarbon kinetic parameters throughout the entire process, which is more in conformity with the actual geological process. The enclosed thermal simulation experiment and basin simulation analysis unveil the presence of two distinct phases of hydrocarbon generation within the Dongying Formation. Furthermore, it becomes evident that abundant benthic algae and Pinaceae sporopollen components play vital roles in both of these phases. In conclusion, the method of applying modern organisms to analogize the hydrocarbon generation evolution characteristics of the parent components of lacustrine source rocks seems feasible. Meanwhile, the Dongying Formation in the Bozhong Sag also possesses broad exploration prospects for hydrocarbon resources.
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