This document summarizes a reservoir characterization study of the Novogodneye Field in NW Siberia, Russia. The study utilized 3D seismic data to better understand the depositional environment and heterogeneity of the Jurassic reservoir. Seismic facies analysis revealed deltaic depositional systems with potential undrilled sandstone reservoirs. The analysis was used to guide geomodeling and simulation of the field to improve oil recovery from both the depleted Cretaceous and currently producing Jurassic formations.