Some important information on hydrocarbon generation, inclusion and migration in highly-matured carbonates of lower Palaeozoic age from the Ordos Basin and Tarim Basin hasbeen analyzed by a newly-combined laser-induced fluorescence microscope (LFM) designed by our laboratory. The following information has been obtained from the lower Ordovician lamellar carbonates with equivalent vitrinite reflectance (Ro) as high as 1.6%-1.7% and residual TOC of 0.14%-0.35% from the Ordos Basin: wide occurrences of oil and source macerals with strong fluorescence, including G. Prisca alginite, lamalginite, telalginite and algae-detrinite; fluorescing asphalt among mineral crystals; some groundmass and spheroid-like reservoir bitumen with high maturation levels in the pores of dolomites. Various kinds of fluorescing organic inclusions and asphalt have been found in the carbonates, calcareous shales and silt-shales with high maturation levels from the Cambrian-Ordovician strata in the Tarim Basin. All this helps us find and evaluate significant and excellent source rocks for large-and middle-scale gas fields. The net and micro-net systems for hydrocarbon generation, expulsion and migration in carbonates have been revealed by the highly-powered laser-induced fluorescence microscopy.