This thesis focuses on developing static and dynamic reservoir models and predicting properties for a deepwater carbonate reservoir during the early exploration phase when limited data is available. Core, log, and well test data are integrated and used to characterize the reservoir into hydraulic flow units (HFU). Five HFU are identified and upscaled to populate the static model. Well test analysis estimates permeability-thickness product and permeability with less than 20% error. Dynamic simulations of four static models match well test pressure responses and predict a numerical productivity index within 5% of measured. Simulations of the entire oil zone indicate potential recovery of 25% of original oil in place.