Oligocene and Lower Miocene deposits in the Paratethys are important source rocks, but reveal major stratigraphic and regional differences. As a consequence of the first Paratethys isolation, source rocks with very good oil potential accumulated during Early Oligocene time in the Central Paratethys. Coeval source rocks in the Eastern Paratethys are characterized by a lower source potential. With the exception of the Carpathian Basin and the eastern Kura Basin, the source potential of Upper Oligocene and Lower Miocene units is low. In general, this is also valid for rocks formed during the second (Kozakhurian) isolation of the Eastern Paratethys. However, upwelling along a shelf-break canyon caused deposition of prolific diatomaceous source rocks in the western Black Sea.Overall, Oligocene–Lower Miocene sediments in the Carpathian Basin (Menilite Formation) can generate up to 10 t HC m−2. Its high petroleum potential is a consequence of the interplay of very high productivity of siliceous organisms and excellent preservation in a deep silled basin. In contrast, the petroleum potential of Oligocene–Lower Miocene (Maikopian) sediments in the Eastern Paratethys is surprisingly low (often <2 t HC m−2). It is, therefore, questionable whether these sediments are the only source rocks in the Eastern Paratethys.
The Paratethys area extends from Central Europe to the borders of the Caspian Sea in Central Asia and hosts a significant number of petroleum provinces, many of which have been charged by Eocene to Miocene source rocks of supra‐regional significance. These include highly oil‐prone Middle Eocene marls and limestones in the Eastern Paratethys (Kuma Formation and equivalents) which are several tens of metres thick. Estimates of the source potential index (SPI) indicate that the Kuma Formation in the northern Caucasus and the Rioni Basin (Georgia) may generate 1 to 2 tons of hydrocarbons per square metre (tHC/m2). This implies that the Kuma Formation may also be an important and additional source rock in the eastern Black Sea. Oligocene and Lower Miocene pelitic rocks (Maikop Group and equivalents) are considered to be the most important source rocks in the Paratethys. Vertical variations in source potential record different stages of basin isolation that reached a maximum during the Early Oligocene (NP23) Solenovian Event. However major variations exist between different sub‐basins in the Central and the Eastern Paratethys. In the Central Paratethys, the highest quality source rocks occur in the Carpathian Basin where the Menilite Formation, several hundreds of metres thick, can generate up to 10 tHC/m2. Locally the Menilite Formation is about 1500 m thick and continues into the Lower Miocene. In these settings, the Menilite Formation can generate approximately 70 tHC/m2. In the Alpine Foreland Basin (Schöneck and Eggerding Formations) and the Pannonian Basin (Tard Clay Formation), oil‐prone source rocks are restricted to the Lower Oligocene. In the Eastern Paratethys, the best source rock intervals of the Maikop Group are typically associated with the Early Oligocene Solenovian Event. By contrast, with the exception of the Kura Basin in Azerbaijan, the potential of Upper Oligocene and Lower Miocene rocks is often limited. In total, the Maikop Group may generate up to 2 tHC/m2 in the North Caucasus area and 4 tHC/m2 in the Rioni Basin. A particular source rock facies is found in the Western Black Sea where diatomaceous rocks with good oil potential accumulated in the Kaliakra Canyon during Early Miocene time. This facies may generate up to 8 tHC/m2, but is probably limited to shelf‐break canyons. Middle and Upper Miocene rocks are the main source for oil and thermogenic gas in the Pannonian Basin System, and also contributed to thermogenic hydrocarbons in the Moesian Platform and the South Caspian Basin. In addition, Upper Oligocene and Miocene rocks are the source for microbial gas in several basins including the Alpine and Carpathian foredeeps.
Oligo-Miocene (‘Maikopian’) deposits are considered the main source rocks in the Black Sea area, although only a few source-rock data are available. Geochemical logs from nine wells are used together with age constraints provided by calcareous nannoplankton, well and seismic data to determine vertical and lateral changes of the source potential. Oligocene rocks overlie Eocene deposits with a major unconformity on the western Black Sea shelf in Bulgaria. A west–east-trending erosional structure (the Kaliakra canyon) developed during Lower Oligocene time and was filled with Oligo-Miocene deposits. Potential source rocks are present in different stratigraphic units, but the most prolific intervals accumulated during time intervals when the isolation of the Paratethys resulted in oxygen-depleted, brackish environments with high bioproductivity. These include Lower Solenovian rocks related to blooms of calcareous nannoplankton, which form an extensive layer outside the Kaliakra canyon. This unit hosts a good potential to generate oil and gas. Diatom-rich, very good oil-prone source rocks accumulated during a second isolation event in the Kozakhurian. Thick sections of these diatom-rich rocks occur within the canyon and are present in thin layers outside of it. High productivity of siliceous organisms is attributed to upwelling within the canyon. All studied units are thermally immature on the shelf.
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