Seismic sequence stratigraphy and depositional evolution of the Cretaceous-Paleogene sedimentary successions in the offshore Taranaki Basin, New Zealand: implications for hydrocarbon exploration

The seismic stratigraphy and sedimentary facies of the Cretaceous and Paleogene sedimentary successions in north-eastern offshore part of Taranaki Basin, New Zealand have been investigated in order to unravel their depositional evolution and identify the potential hydrocarbon plays. Interpretation of regional seismic lines covering the entire shelf-slope and deepwater regions as well as integrating seismic and sedimentary facies allows the identification of several seismic-stratigraphic sequences within the studied successions. Early Cretaceous syn-rift successions (C1 sequence) were deposited in the structural lows near the present-day slope as swamp and marsh facies changing basinwards into turbidites and marine shales. The post-rift Cretaceous sequences (C2, C3 sequences) started with the progradation of the Taranaki delta (C2A-C2D units) followed by sedimentation of the transgressive C3A-E facies accumulated in response to thermal subsidence and high-rates of clastic supply. Extensive shelf conditions prevailed during the deposition of C2 and C3 Cretaceous sequences continued during the Paleogene with deposition of uniform marine shales throughout the basin. Rates of sediment supply substantially decreased during Oligocene prompting the deposition of marine micrite-rich carbonate. Variation in fossil content confirms the occurrence of several cycles of sea level fluctuations and episodic variations in terrigenous input. Organic-rich facies could be associated with the prograding clinoforms of the C2B unit and probably contain, basinward, large amount of gas and oil prone kerogen. The transgressive facies of C2D unit may also contain organic-rich shales basinward and coal near the present day Taranaki shelf. Potential reservoirs are hosted on the C3 transgressive estuarine sandstones. Paleogene mudstones are excellent regional seals for the hydrocarbons generated and trapped in the underlying Late Cretaceous facies.