Based on the latest drilling core, thin section, 3D seismic, well logging data as well as exploration practice, the sequence stratigraphy and sedimentary microfacies of the Middle-Lower Ordovician carbonates in Gucheng area, and their controlling effects on the development of reservoir were examined by the theory and methods of fine carbonate sedimentological. The results show that the Middle-Lower Ordovician in Gucheng area is a set of typical carbonate ramp deposits, which can be divided into 10 microfacies in 4 subfacies as follows: back ramp, inner shallow ramp, outer shallow ramp and deep ramp. The back ramp subfacies consists of muddy-dolomitic flat and dolomitic lagoon microfacies, and is dominated by lamellar micrite dolomite tight in lithology. The inner shallow ramp subfacies includes dolomitic shoal and dolomitic flat in shoal top and dolomitic flat between shoals microfacies, and is mainly composed of crystal dolomite with metasomatic residual structure; with abundant karst vugs and intercrystalline pores, the crystal dolomite has an average porosity of 4.36%. The outer ramp subfacies includes medium-high and low energy grain shoal and inter-shoal microfacies, and is dominated by sandy limestone, oolitic limestone and micrite limestone with few pores. The deep ramp subfacies is dominated by low-energy argillaceous deposits, with storm shoal microfacies in local parts. The Lower-Middle Ordovician has six third-order sequences from bottom to top, among which SQ3 sequence (the third member of Yingying Formation), the main reservoir, has three fourth-order high-frequency sequences. Apparently, the favorable reservoir in the study area is jointly controlled by sedimentary microfacies and high frequency sequence in the carbonate ramp, the former controls the primary pore structure, and the latter controls the intensities of karstification exposure and dolomitization in the penecontemporaneous period. The dolomitic shoals and top dolomitic flats of different stages, superimposed and connected into favorable reservoirs of considerable scale like "platform margin", are favorable exploration facies in the carbonate ramp.
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