Nasryia oil field is located about 38 Km to the north-west of Nasryia city. The field was discovered in 1975 after doing seismic by Iraqi national oil company. Mishrif formation is a carbonate rock (Limestone and Dolomite) and its thickness reach to 170m. The main reservoir is the lower Mishrif (MB) layer which has medium permeability (3.5-100) md and good porosity (10-25) %. Form well logging interpretation, it has been confirmed the rock type of Mishrif formation as carbonate rock. A ten meter shale layer is separating the MA from MB layer. Environmental corrections had been applied on well logs to use the corrected one in the analysis. The combination of Neutron-Density porosity has been chosen for interpretation as it is close to core porosity. Archie equation had been used to calculate water saturation using corrected porosity from shale effect and Archie parameters which are determined using Picket plot. Using core analysis with log data lead to establish equations to estimate permeability and porosity for non-cored wells. Water saturation form Archie was used to determine the oil-water contact which is very important in oil in place calculation. PVT software was used to choose the best fit PVT correlation that describes reservoir PVT properties which will be used in reservoir and well modeling. Numerical software was used to generate reservoir model using all geological and petrophysical properties. Using production data to do history matching and determine the aquifer affect as weak water drive. Reservoir model calculate 6.9 MMMSTB of oil as initial oil in place, this value is very close to that measured by Chevron study on same reservoir which was 7.1 MMMSTB. [1] Field production strategy had been applied to predict the reservoir behavior and production rate for 34 years. The development strategy used water injection to support reservoir pressure and to improve oil recovery. The result shows that the reservoir has the ability to produce oil at apparently stable rate equal to 85 Kbbl/d, also the recovery factor is about 14%.