According to the present research, the cage structure makes adamantane very stable to resist cracking even at a higher temperature, so its concentration will be increased with temperature rising. But adamantane quantitative analysis of oil in Lunnan area shows a poor correlation between its concentration and geotemperature. Instead, it has a good relationship with maturation parameters such as the content of C 29 ααα 20R sterane and C 28 triaromatic steroid 20R as well as Ts/Tm. The reason is that the oil and cracked products generated in deep zone upwards charged in oil layers in low maturity and then turned into mixed oil which had higher concentration of Ts, adamantine etc. So it makes the parameters such as Ts/Tm ratio and adamantine concentration elevate. The incorporation a great amount of low molecular hydrocarbons diluted C 29 ααα 20R sterane and C 28 triaromatic steroid 20R, which resulted in the parameters of the mixed oil to indicate a higher maturation. Oils with higher adamantane concentration are mainly distributed on Lunnan fault-host zone, Sangtamu faulthost zone and Jilake structure zone. Cracked oil generated in deeper bed migrated along fractures which acted as channels upwards into the reservoir, and so adamantane content of the mixed oil increased. The source of Paleozoic oils in Tarim basin is involved only in two beds: lower Ordovician-Cambrian and middle-upper Ordovician. But according to the data in this paper, there is no obviously difference in adamantane concentration of oils from the two layers.