Characteristics and Genetic Mechanisms of Low-Permeability and Low-Resistivity Reservoirs: A Case Study of Paleogene in Wenchang Sag, Pearl River Mouth Basin

A large number of low-resistivity and low-permeability reservoirs have been discovered in the deep Paleogene strata of the Wenchang Sag. These reservoirs are characterized by complex porosity–permeability relationships and difficulties in fluid property identification, which restrict the progress of exploration and development operations. However, existing reservoir studies mostly focus on either low-permeability or low-resistivity reservoirs, with relatively few investigations targeting this specific type. Using petrological analysis and physical property testing as the main methods, combined with sedimentary and diagenetic studies, this paper examines the characteristics and genesis of low-resistivity and low-permeability reservoirs in the Paleogene of the Wenchang Sag. The results show that the Paleogene reservoirs are dominated by lithic quartz sandstones, with secondary pores as the main reservoir space, consisting of medium–small pores and fine throats. Samples of the same grain size exhibit a favorable porosity–permeability correlation. Based on capillary pressure curve morphology, the reservoirs can be classified into three types: high mercury intrusion saturation with low displacement pressure, medium mercury intrusion saturation with medium displacement pressure, and medium mercury intrusion saturation with medium–high displacement pressure. The low porosity and permeability are mainly attributed to the fact that the reservoir rocks are primarily deposited in near-source braided fluvial delta underwater distributary channels, resulting in low compositional and textural maturity of sandstones. Strong compaction resistance leads to a significant reduction in primary pores during burial, and intergranular cement filling further deteriorates physical properties. On the other hand, rapid lithological changes and complex pore structures give rise to abundant isolated pores and poor connectivity, leading to high irreducible water saturation. Coupled with high formation water salinity, these factors collectively give rise to low-resistivity reservoirs in the study area. This study clarifies the formation mechanism of low-permeability and low-resistivity reservoirs in the Paleogene of the Wenchang Sag, providing guidance for reservoir evaluation in subsequent oil and gas exploration and serving as a reference for analogous areas.