Research into condensate gas reservoirs in the oil and gas industry has been paid much attention and has great research value. There are also many deep condensate gas reservoirs, which is of great significance for exploitation. In this paper, the seepage performance of deep condensate gas reservoirs with natural fractures was studied. Considering that the composition of condensate gas changes during the production process, the component model was used to describe the condensate gas seepage in the fractured reservoir, modeled using the discrete fracture method, and the finite element method was used to conduct numerical simulation to analyze the seepage dynamic. The results show that the advancing speed of the moving pressure boundary can be reduced by 55% due to the existence of threshold pressure gradient. Due to the high-speed flow effect in the near wellbore area, as well as the high mobility of oil, the condensate oil saturation near the wellbore can be reduced by 42.8%. The existence of discrete natural fractures is conducive to improving the degree of formation utilization and producing condensate oil.

Understanding the reservoir feature changes is essential for optimizing oil exploitation throughout the development lifecycle. This paper proposed an analytical displacement unit method to character the features of water-flooded, low-permeability oil reservoirs. The method hinges the ratio of fluid flux to area and average water saturation, providing a fine description of reservoir dynamics. It has been implemented in a case study of a five-spot waterflooding scheme. The reservoir can be categorized into sixteen distinct unit types, each with specific attributes. This paper delves into the evolution of these displacement units and the key factors that influence their behavior. The findings provide insights into the degree of waterflooding and oil distribution following continuous waterflooding. Furthermore, the proposed method offers a valuable framework for analyzing the development of dominant water flow channels and exploiting the residual oil.