Source rocks The majority of the source rocks are coals, and coaly shales originating from the
Latrobe group. The hydrocarbon formation is due to the high heat flow, and subsidence that occurred in the late Cretaceous through the early
Paleocene. The shales of the Latrobe Group display
Total Organic Carbon (TOC) values of 1-3% wt.
Reservoir rocks The reservoir rocks in this field are primarily sandstones from the Latrobe Group. The
secondary porosity accounts for the majority of the porosity, and therefore its ability to contain
hydrocarbons. The reason for this is due to the high amount of
dolomite cement which filled up the pores, and then was dissolved by the hydrocarbons migrating into the pores. The porosity of the sandstones are 20-25%, and the permeability is 5000-7000 md.
Seals The seals in this region are mainly
marl,
limestone, and sandstone from the Seaspray Group. These rock types are aided by being deposited on the Latrobe
unconformity. This unconformity is due to the anticlines that formed in the Latrobe group being eroded, and then the Seaspray group being deposited on top of this erosional surface.
Traps The traps in this oil field, are mainly late Eocene to middle Miocene in age. The traps were formed due to a small compressional event associated with the opening of the Tasman Sea. This is why
anticlines, along with faults are the predominant trapping mechanism throughout the basin. The Halibut Field is located directly on an anticline, which serves as the trap.
Migration Migration of the hydrocarbons is mainly vertical. Oil migration occurs from depths of 4–5 km, while gas migration occurs from depths of 5–6 km. == Production ==