The Sinian Dengying Formation is a key target for deep oil and gas exploration in the Sichuan Basin, China. Natural gas was mainly distributed in the Ziyang–Weiyuan area (ZWA) and the Gaoshiti–Moxi area (GMA). At present, the genetic types and sources of natural gas are still unclear and controversial. The chemical composition, stable carbon isotopes, and biomarkers were used to analyze geochemical characteristics, genetic types, and gas–source relations. The results showed that the composition and content of hydrocarbon gas in the ZWA and GMA were similar. Natural gas was a typical dry gas with an average dry coefficient (C1/C1+) of 0.9991, which reflected higher methane (CH4) content and lower heavy hydrocarbon gas (C2+) content. For nonhydrocarbon gas, CO2 (0.01%–26.34%), N2 (0.03%–24.95%), H2S (0.10%–3.19%), and He (0.01%–0.37%) were mainly distributed. Compared with the GMA, the ZWA was characterized by higher N2 content and lower CO2 content. Although the carbon isotopes had not been reversed, the values of δ13C2–δ13C1 were different between the ZWA and GMA, with the GMA having the higher value. The assemblage relation between the natural gas composition and carbon isotopes indicated that the natural gas type was dominated by oil-cracking gas. Mud-shale in the high maturity stage of thermal evolution greatly influenced on the content of N2 and He. H2S mainly belonged to thermochemical sulfate reduction (TSR), and most of CO2 was formed by deep carbonate metamorphism and TSR. The gas–source relation showed that natural gas in the ZWA was derived from the Cambrian Qiongzhusi Formation and that the gas in the GMA mainly originated from the Sinian Dengying Formation and the Cambrian Qiongzhusi Formation. The established hydrocarbon generation model indicated that the Sinian Dengying Formation is potentially gas-rich.
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