ChatterBank1 min ago
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For more on marking an answer as the "Best Answer", please visit our FAQ.I wouldn't like to comment on oil fields per se, since, by their nature, (ie, oil takes just a little bit of time to form), that any seismic movement would mean that no oil would collect in the first place - although it may be diplaced to some separate form of trap / reservoir over time.
HOWEVER, there are frequent and well documented instances of floods being caused by earthquakes. This is caused by rapid changes in lithostatic pressures (as a result of the earthquake) causing groundwaters to 'gush out' along the fault fracture, in a similar way that oil is forced out of an 'oil reservoir' when it is 'pierced' by the drill bit.
To clarify, earthquakes are 'frequent events' over geological time, whereas oil takes a fairly long time (geologically speaking) to form. So any oil that would potentially form in a seismically active area, would not accumulate (to form an 'oilfield') precisely because of the 'constant' seismic activity.