“…Although commercial oil or gas occurrences have not yet been found in the Parana Basin, the common oil shows in several layers in the stratigraphic pile, in practically all the existing drillholes, the scarce number of these wells (no more than 140 wells for an area of 1,200,000 km 2 ), and the low geophysical net (23,830 km of seismic lines for the same area) do not, under any circum stances, limit the potential of hydrocarbon exploration. In addition to the thick basaltic cover, the superposition of the Mesozoic rift phase above the previous volcanic-sedimentary pile, allowing the basin to be classified as a cratonic 2A complex (Fulfaro et al, 1982), increases the possibility of a future commercial oil or gas occurrence. Furthermore, the pre dominance of Type-Ill organic matter in the possible source rocks suggests that this basin is highly prospective for gas exploration.…”