This document introduces the concepts of effective permeability and relative permeability in multiphase fluid reservoirs. Effective permeability is a measure of how easily each fluid phase flows through the porous rock when more than one fluid is present. Relative permeability compares the effective permeability of each fluid to a base permeability. Relative permeability curves relate the permeability of each fluid to the saturations of all fluids present and are influenced by factors like wettability, fluid saturation history, and pore structure. These concepts are important for reservoir simulation and estimating ultimate recovery from oil and gas reservoirs.