Based on seismic, drilling, and source rock analysis data, the petroleum geological characteristics and future exploration direction of the oil-rich sags in the Central and West African Rift System (CWARS) are discussed. The study shows that the Central African Rift System mainly develops high-quality lacustrine source rocks in the Lower Cretaceous, and the West African Rift System mainly develops high-quality terrigenous organic matter-rich marine source rocks in the Upper Cretaceous, and the two types of source rocks provide a material basis for the enrichment of oil and gas in the CWARS. Multiple sets of reservoir rocks including fractured basement and three sets of regional cap rocks in the Lower Cretaceous, the Upper Cretaceous, and the Paleogene are developed in the CWARS. Since the Late Mesozoic, due to the geodynamic factors including the dextral strike-slip movement of the Central African Shear Zone, the basins in different directions of the CWARS differ in terms of rifting stages, intervals of regional cap rocks, trap types and accumulation models. The NE–SW trending basins have mainly preserved one stage of rifting in the Early Cretaceous, with regional cap rocks developed in the Lower Cretaceous strata, forming traps of reverse anticlines, flower-shaped structures and basement buried hill, and two types of hydrocarbon accumulation models of “source and reservoir in the same formation, and accumulation inside source rocks” and “up-source and down-reservoir, and accumulation below source rocks”. The NW–SE basins are characterized by multiple rifting stages superimposition, with the development of regional cap rocks in the Upper Cretaceous and Paleogene, forming traps of draping anticlines, faulted anticlines, antithetic fault blocks and the accumulation model of “down-source and up-reservoir, and accumulation above source rocks”. The combination of reservoir and cap rocks inside source rocks of basins with multiple superimposed rifting stages, as well as the lithologic reservoirs and the shale oil inside source rocks of strong inversion basins are important fields for future exploration in basins of the CWARS.