Polyphase development of the Falcon Basin in northwestern
Venezuela: implications for oil generation

*Corresponding author (e-mail: baqueroms@pdvsa.com/mbaquero75@gmail.com)

Abstract

A multi-event tectonic episode that affected the Caribbean and South American plate boundaries as well as Cenozoic oil generation is based on new structural and geochemical data from the western Falcon Basin, Venezuela. It involves Late Cretaceous to Middle Eocene emplacement of the Lara Nappes followed by Late Eocene to Early Miocene tectonic collapse and graben formation, Middle Miocene inversion and out of sequence thrusting. Oil-source rock correlation of seeps in the northern part of the basin suggests a Cenozoic siliciclastic source rock deposited under suboxic to anoxic conditions. Potential Cenozoic source rocks and Late Cretaceous La Luna Formation were used to evaluate the generation conditions using one- and two-dimensional thermal modelling. A heat flow of c. 190 mW m22 was reached during the Oligocene–Early Miocene in the central part of the basin. As a result the Cretaceous source rock is overmature, while the primary Cenozoic source rocks are in the oil window. The thermal modelling also suggests that hydrocarbon accumulations are mainly located on the flanks of the graben, with small amounts possible in the centre, due to erosion during basin inversion. This modelling is highly consistent with the proposed polyphase tectonic model.