The organic geochemistry of samples from 11 oil seeps was studied. The samples were collected from the Cachiri area, Carboniferous Region of Tule (Lake Maracaibo Basin, Venezuela), associated with the Tigre Fault. Biomarkers (hopanes, steranes, n-alkanes, acyclic isoprenoids, and aromatic steroids) were analyzed using gas chromatography-mass spectrometry (GC-MS). These hydrocarbon rich fluids have undergone biodegradation (2–6 on the Peters and Moldowan scale), showing both the partial loss of n-alkanes and the microbial degradation of isoprenoids and steranes. These oil seeps were generated from a mature calcareous source rock that was deposited in a marine paleoenvironment under reducing conditions. Moreover, these seeps are likely derived from the Cretaceous La Luna Formation that reached a level of maturity near the peak of oil generation in the study area. The nature of the studied oil seeps, together with the oil generation models reported for this rock unit in the study area, suggests that these oils are a mixture of an initially heavy, altered oil and a second migrated light crude oil resulting from two generation pulses from the La Luna Formation. Evidence for the presence of light oil trapped in the study area should prompt re-exploration in the northwestern coast of Lake Maracaibo in shallow reservoirs, previously discarded because they usually demonstrated a lack of light oils.