The present paper deals with the investigation of the Soret-induced convection of a three-component mixture of hydrocarbons in a horizontal porous layer. This problem is important for geological applications. The first part of the paper is devoted to the linear stability of the conductive state. The longwave instability is studied analytically by the expansion into the power series with respect to the wave number. A new long-wave oscillatory instability mode existing at negative separation ratios is found out. It is shown that this mode is more dangerous than the long-wave monotonic instability mode in the entire range of its existence. The instability to the perturbations with nonzero wave numbers is studied numerically by the shooting method. Stability map is obtained. The results confirm the predictions of the longwave analysis. In the second part of the paper, the nonlinear convection regimes are studied by the finite difference method. The calculations give the results consistent with the linear stability analysis. It is found that the primary bifurcation as a result of which the conductive state losses its stability is supercritical. The transformations of the convective flow structure with the change in the Rayleigh–Darcy number are accompanied by the hysteresis phenomena.