The Browse Basin is located offshore on Australia's North West Shelf and is a proven hydrocarbon province hosting gas with associated condensate and where oil reserves are typically small. The assessment of a basin's oil potential traditionally focuses on the presence or absence of oil-prone source rocks. However, light oil can be found in basins where source rocks are gas-prone and the primary hydrocarbon type is gas-condensate. Oil rims form whenever such fluids migrate into reservoirs at pressures less than their dew point (saturation) pressure. By combining petroleum systems analysis with geochemical studies of source rocks and fluids (gases and liquids), four Mesozoic petroleum systems have been identified in the basin. This study applies petroleum systems analysis to understand the source of fluids and their phase behaviour in the Browse Basin. Source rock richness, thickness and quality are mapped from well control. Petroleum systems modelling that integrates source rock property maps, basin-specific kinetics, 1D burial history models and regional 3D surfaces, provides new insights into source rock maturity, generation and expelled fluid composition. The principal source rocks are Early-Middle Jurassic fluvio-deltaic coaly shales and shales within the J10-J20 supersequences (Plover Formation), Middle-Late Jurassic to Early Cretaceous sub-oxic marine shales within the J30-K10 supersequences (Vulcan and Montara formations) and K20-K30 supersequences (Echuca Shoals Formation). All of these source rocks contain significant contributions of land-plant derived organic matter and within the Caswell Sub-basin have reached sufficient maturities to have transformed most of the kerogen into hydrocarbons, with the majority of expulsion occurring from the Late Cretaceous until present.

We present a 3‐D inversion of magnetotelluric data acquired along a 340‐km transect in Central Australia. The results are interpreted with a coincident deep crustal seismic reflection survey and magnetic inversion. The profile crosses three Paleoproterozoic to Mesoproterozoic basement provinces, the Davenport, Aileron, and Warumpi Provinces, which are overlain by remnants of the Neoproterozoic to Cambrian Centralian Surperbasin, the Georgina and Amadeus Basins, and the Irindina Province. The inversion shows conductors near the base of the Irindina Province that connect to moderately conductive pathways from 50‐km depth and to off‐profile conductors at shallower depths. The shallow conductors may reflect anisotropic resistivity and are interpreted as sulfide minerals in fractures and faults near the base of the Irindina Province. Beneath the Amadeus Basin, and in the Aileron Province, there are two conductors associated strong magnetic susceptibilities from inversions, suggesting they are caused by magnetic, conductive minerals such as magnetite or pyrrhotite. Beneath the Davenport Province, the inversion images a conductive layer from ∼15‐ to 40‐km depth that is associated with elevated magnetic susceptibility and high seismic reflectivity. The margins between the different basement provinces from previous seismic interpretations are evident in the resistivity model. The positioning and geometry of the southern margin of the crustal conductor beneath the Davenport Province supports the positioning of the south dipping Atuckera Fault as interpreted on the seismic data. Likewise, the interpreted north dipping margin between the Warumpi and Aileron Province is imaged as a transition from resistive to conductive crust, with a steeply north dipping geometry.