The exploration conducted in the Bohai Bay basin, eastern China has demonstrated that the abundant petroleum resources have close affinities to the hydrocarbon kitchen with rich organic matter. A number of oil-generating associations with various characteristics of organic geochemistry and assemblages of multiple reservoir facies are developed due to the multi-center sedimentation, multi-source supply and multi-cycle evolution of filling, which have resulted in the formation of multiple oil and gas accumulation zones of various layers and trap styles. Among them the Paleogene Shahejie Formation is the most important hydrocarbon accumulation combination in the Dongying sag. Heretofore, its proved reserve has reached nearly 1.8×109t, which accounts for more than 90% of the total proved reserves of the Dongying sag. Based on previous studies, more than 600 source rock samples and 186 crude oil samples of the Shahejie Formation, collected from 30 oilfields, have been treated with organic geochemical testing