The complex and heterogeneous pore structure and oil content of lacustrine shales introduce significant challenges in the exploration of shale petroleum systems. To further expand our geological understanding of lacustrine shales and provide guidance for hydrocarbon exploration, in this study, based on programmed and improved Rock-Eval pyrolysis, total organic content (TOC) measurements, scanning electron microscopy (SEM) observations, and N2 adsorption (NA) experiments, a systematic evaluation of the mineral composition, geochemical features, pore structure, and oil contents of the third member of the Paleogene Shahejie Formation (Es3) shale in the typical lacustrine hydrocarbon enrichment sag (Nanpu Sag, Bohai Bay Basin) is conducted. The fractal theory is selected to quantify the pore system’s heterogeneity; also, the relationships between the pore structure parameters and the oil contents and mineral composition are revealed. Our results reveal the geochemical features of the Es3 shale are excellent, and thus, they can be classified as a set of high-quality source rocks (average TOC of 4.2%, mainly type II kerogen, and in the mature stage). Based on the SEM and NA analyses, the intercrystalline pores dominate the pore system. Moreover, the mesopores contribute the most specific surface area (SA) and pore volume (PV) to the samples (average contribution rates of 74.7 and 75.0%, respectively). The fractal dimensions have relatively strong positive correlations with PV and SA, which means more heterogeneous and complex pore structures provide more storage space and adsorption sites for shale oil accumulation. The clay mineral content is the most important factor which controls the pore structure parameter, and high clay content indicates high SA and PV. According to proposed numerical movable and adsorption hydrocarbon calculation models, the TOC content is the dominant factor controlling the movable and adsorption oil contents, but other factors’ impact also cannot be ignored. Our study not only provides guidance for shale oil exploration in the study area but also broadens our understanding of the oil contents of lacustrine shale.
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