The invention relates to the technical field of
oil exploration and development, and particularly provides a numerical
simulation method for CO2 storage and
oil displacement development effect evaluation. The method comprises the following steps: constructing a flow state
physical model after CO2 enters a reservoir; according to the flow state
physical model, a seepage model of CO2 entering the reservoir is established by combining the
Darcy seepage theory and the
mass conservation theory, and an
oil phase formula, a water phase formula and a CO2
gas phase formula are obtained in a radial one-dimensional
cylindrical coordinate system; dividing a calculation area into differential grids according to an
oil phase formula, a water phase formula and a CO2
gas phase formula to obtain a limited number of grid nodes, and replacing a continuous solution domain with the limited number of grid nodes; according to the solution domain, calculating to obtain a relation expression of CO2 saturation changing along with
radius and time; a prediction model is formed through the change relational expression, the CO2 storage or
oil displacement state is predicted, the CO2 storage and
oil displacement process is accurately simulated, and the CO2 emission reduction effect and potential can be effectively improved.