The present invention relates to a method for identifying a weak reflection reservoir. Firstly, according to a formation lithology structural characteristic, the geological factors of seismic weak reflection lithology oil reservoir formation is determined through forward modeling, then seismic data is subjected to frequency extraction and filtering process so as to improve the identification ability of a weak reflection small size target by earthquake, then the seismic facies analysis is carried out, a seismic weak reflection development zone is determined, seismic attribute analysis is carried out, the distribution characteristics of the weak reflection reservoir is finely described, and the weak reflection reservoir is identified through the seismic weak reflection development zone and the reservoir distribution characteristics obtained according to the seismic facies and the seismic attribute. The identification and hydrocarbon potential detection are carried out through wavelet decomposition and reconstruction, the precision of reservoir prediction and trap identification are improved, and the purpose of improving the success rate of drilling is achieved. According to the method, the precision of weak reflection geological target identification and fine description are effectively raised, the method is systematic, effective, economical and practical, and the method is widely applied to the oil and gas exploration under the same geological conditions and has good social and economic values.