Abstract: In the Jiangling Sag of the Jianghan Basin, the lower Xingouzui Formation served as the main source rocks, and petroleum generated mainly in the Meihuaiqiao-Zifusi syncline. The discovered oil and gas pools are featured by small trap scale, low charging extent and located around oil sources. Transformation system mainly of faults and reservoir physical property controlled petroleum accumulation. From Cretaceous to Tertiary in the Jiangling Sag, the proved rate is 12.4%, indicating for low exploration extent and good potential. The southern slope of the Jingzhou anticline, the tectonic-lithologic and lithologic traps in the Meihuaiqiao sub-Sag, Cretaceous and Precretaceous buried hill in the Wancheng fault, the volcanic reservoirs in the Gongan monocline, and the shale oil in oil source sags are the targets for future exploration.