A method for establishing a multi-well model based on the correlation coefficient method, comprising the following steps: for each well in the work area, make a synthetic seismic record, perform horizon calibration, and obtain seismic traces next to the well; for each well in the work area, calculate Take the stratigraphic transformation factor between the seismic record at the well and the seismic trace next to the well; for each well in the work area, calculate the correlation between the seismic record at the desired position in the work area and the seismic record at the logging position coefficient; for each well in the work area, calculate the weight of the correlation coefficient of the well; according to the weight of each well in the work area, formation transformation factor, logging compressional wave impedance, logging shear wave impedance, logging density, obtain Synthetic P-wave impedance, composite S-wave impedance, and composite density. This method can establish an initial geological model that is accurate and can meet the needs of the actual work area in the case of complex strata in the work area.