Habitat of Oil in the Maracaibo Basin, Venezuela1
A Cretaceous marine invasion occupied a basin of regional extent through Venezuela and Colombia. The basin was severely limited and separated into smaller basins of marine and nonmarine affinities during the Tertiary. Three principal sedimentary cycles since early Cretaceous time embrace the oil-bearing sedimentary section. Behavior of cratonic elements, formation of mobile belts, associated shifting of depositional conditions, and the evolving structural and stratigraphic pattern are described. Contour, isopach, and paleogeographic maps are presented, and restored volumes of sediments cited. Beneath the Maracaibo Basin is a crystalline mass which influenced development of a platform and shelf area respectively during Cretaceous and part of the Tertiary. A summary of oil distribution and geologic aspects of Maracaibo Basin oil fields is also included. History of oil field development is summarized.
Sedimentary facies, hinge belts, and evolving structural conditions have probably influenced oil accumulation. Opinions on probable source beds for oil in the basin are expressed. Nearly three fourths of the estimated ultimate known reserve is found in clastic, shallow-marine to brackish-water Oligo-Miocene and Eocene rocks hinge belt Nearly one sixth is fractured fractured Cretaceous limestones associated with anticlinal structures and a Cretaceous hinge belt. The remaining reserves are found in a shelf area shoreward from the Eocene hinge belt.
Figures & Tables
The history of oil exploration in a large basin is very much like the history of research in most fields of investigation. In the history of research into the subject of oil occurrence, however, the rate of increase of knowledge has fluctuated greatly. Sourced from the 1955 AAPG Annual Meeting, this publication contains many of the papers presented at that meeting, which discuss the habitat of most of the oil found in the world prior to 1955.