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The Transcarpathian Zone, a modest hydrocarbon province so far, is part of the Inner Carpathians and is shared across northern Romania, Ukraine and Slovakia. Iňačovce-Kričevo, Pieniny and Magura nappes emplacement over the Dacia Mega-Unit’s, Petrova and Botiza sedimentary covers started in the Oligocene and finalized during the Burdigalian collision of ALCAPA and Tisza-Dacia mega-units, now separated by the Bogdan-Dragos Vodă Fault. The nappe emplacement triggered the Oligocene source rocks maturation, expulsion-migration and accumulation of hydrocarbons. A broad review of structural and lithostratigraphic framework of Petrova and Botiza foreland basins is integrated in the description of oil habitat of this province. The oil bearing Petrova foreland is narrow and less extended than the oil-prone Botiza foreland. In the latter foreland, Oligocene-early Miocene backbulge, forebulge and foredeep depozones were first recognised and characterised. The foreland basins fill consists of late Cretaceous – early Miocene successions which include clastic reservoirs and Maikopian bituminous source rocks belonging to two independent thermogenic petroleum subsystems. The unconformable mid-Miocene-Quaternary Megasequence of the Transcarpathian pull-apart basin is the post kinematic cover of the Transcarpathian Zone. It bears a thermogenic (and locally, a biogenic) gas petroleum system that extends up to the East Slovakia Bassin. The main purpose of this paper is to detail the basin forming and fill of the area and to evaluate of the petroleum systems, previous exploration work and to asses resulting resources.