The Triassic in the Longmengshan foreland basin is rich in oil and gas resources. Its reservoirs feature low-porosity, low-permeability, small pore throat, high water saturation, and strong heterogeneity. The existence of abnormally high pressure and various reservoir-cap combinations developed at different times provide favorable conditions for trapping oil and gas. Taking the theory of petroleum systems as a guide, and beginning with research on tectonics, sedimentary history, distribution and evolution of source rocks, reservoir evolution, hydraulic force distribution, and hydrocarbon migration, analysis and study of static factors like source rocks, reservoirs and cap rocks, and dynamic factors such as hydrocarbon generation, migration, and accumulation revealed the characteristics of the Upper Triassic petroleum system in western Sichuan province. The deep-basin gas in the central hydrocarbon kitchen of the Upper Triassic, structural-lithological combination traps on the surrounding slopes, and the structural traps of the Indo-Chinese–Yangshan paleohighs, are potential plays. The relatively well- developed fault zones in the southern segment of the Longmengshan foothill belt are favorable Jurassic gas plays. Pengshan-Xinjin, Qiongxi, and Dayi are recent exploration targets for Jurassic oil/gas reservoirs.