Water saturation is the ratio of water volume to pore volume in a reservoir. It represents the fraction of pore space filled with water. There are several types of water saturation, including initial, residual, and irreducible water saturation which depend on factors like pore size. Water saturation changes over time with production and based on the reservoir's drive mechanism, such as aquifer or gas cap drive. Reservoir monitoring involves periodically logging wells to analyze changes in porosity and water saturation over time.