A major exploration breakthrough has been made in the Mahu Sag, Junggar Basin. However, the origin of oils from Triassic Baikouquan Formation (T1 b) remains debated. In this study, 20 oils and 44 cores were selected to investigate their distributions of tricyclic terpanes (TTs). The results show that the relative abundance of TTs in oils is higher than those of hopanes due to a high maturity. Permian Wuerhe Formation (P2 w) cores are dominated by C20TT. Permian Fengcheng Formation (P1 f) samples, predominated by C23TT, are mature to high-mature, while Permian Jiamuhe Formation (P1 j) samples, having the same abundance of C21TT and C23TT, are in the over-mature stage. Maturity may be a likely possible reason for the different occurrences of C19–C23TTs between P1 f and P1 j as their organic matter source and depositional environment were similar. High gammacerane and C29 sterane occurred in T1 b oils, P1 f and P1 j cores, while those in P2 w are little, indicating P2 w had a minor contribution for T1 b oils. The δ13C values of oils and P1 f are similar and lower than those of P2 w and P1 j source rocks. Therefore, it is preliminarily speculated that the oils may be sourced from the deep buried P1 f in the over-mature stage.
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