The reservoir is a porous and permeable lithological unit or set of units that holds the hydrocarbon reserves. Analysis of reservoirs at the simplest level requires an assessment of their porosity (to calculate the volume of in situ hydrocarbons) and their permeability (to calculate how easily hydrocarbons will flow out of them). Some of the key disciplines used in reservoir analysis are the fields of stratigraphy, sedimentology, and reservoir engineering.
The existence of a reservoir rock (typically, sandstones and fractured limestones) is determined through a combination of regional studies (i.e. analysis of other wells in the area), stratigraphy and sedimentology (to quantify the pattern and extent of sedimentation) and seismic interpretation. Once a possible hydrocarbon reservoir is identified, the key physical characteristics of a reservoir that are of interest to a hydrocarbon explorationist are its porosity and permeability. Traditionally, these were determined through the study of hand specimens, contiguous parts of the reservoir that outcrop at the surface and by the technique of formation evaluation using wireline tools passed down the well itself. Modern advances in seismic data acquisition and processing have meant that seismic attributes of subsurface rocks are readily available and can be used to infer physical/sedimentary properties of the rocks themselves.