Based on the new finding of Wenchang L low-resistivity light oil field, the finding process, reservoir charac- teristics and pool-forming pattern were studied. The oil-rock correlation, neritic reservoir type, hydrocarbon conduct system and dominant migration and accumulation direction, and new techniques were discussed. The results showed that large amount of hydrocarbon generated by shallow lacustrine mudstone and shale of Eocene Wenchang formation could migrate from sag to Qionghai uplift distantly; neritic shoal-bar reservoir have developed in the 1 st member of Zhujiang formation, dip-sag faults and regional good marine sandstone layers of the 1 st and the 2nd member of Zhujiang formation have constituted hydrocarbon conduct system in Qionghai uplift ; the late fault system which were controlled by Dongsha tectonic movement constructed the connection between lower hydrocarbon and upper neritic shoal-bar reservoir. There- fore, the pool-forming pattern with ＂vertical migration and accumulation, secondary strncture-lithology-dominated＂ was proposed. Finally the enlightenment of exploratin~ new findings was discussed.