Abstract This paper presents a three-dimensional geological modeling method for low permeability reservoirs based on core, logging, seismic, and dynamic data. Matrix and fractures are two types of reservoir space. This method includes two-step modeling methods, and different methods are used to establish a matrix model and fracture model. As a low permeability reservoir, Maxi Oilfield has entered the high water cut stage, and developing a precise three-dimensional structural model that can reflect the spatial distribution of the reservoir is an urgent task. First, the gravity flow channel deposition was determined by core observations and the characteristics of gravity flow reservoirs are described. On this basis, a three-dimensional quantitative geological model of the matrix is established using the sequential indicator simulation. The ant-tracking technique is used to identify the fracture development in Maxi Oilfield, and two groups of fractures, 50°–100° in an NE direction and 30°–35° in an NE direction, are identified as the main reservoirs. The discrete fracture distribution model is established deterministically, and then, the fracture model is modified by the distribution of fractures reflected comprehensively by the water flooding front, microseismic, and dynamic data. This three-dimensional structural model can guide the development of water injection wells in Maxi Oilfield.
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