The Fang-48 fault block oil reservoir is an extremely low permeability reservoir, and it is difficult to produce such a reservoir by waterflooding. Laboratory analysis of reservoir oil shows that the minimum miscibility pressure for CO2 drive in Fang-48 fault block oil reservoir is 29 MPa, lower than the formation fracture pressure of 34 MPa, so the displacement mechanism is miscible drive. The threshold pressure gradient for gas injection is less than that for waterflooding, and the recovery by gas drive is higher than waterflooding. Furthermore, the threshold pressure gradient for carbon dioxide injection is smaller than that for hydrocarbon gas, and the oil recovery by carbon dioxide drive is higher than that by hydrocarbon gas displacement, so carbon dioxide drive is recommended for the development of the Fang-48 fault block oil reservoir. The Fang-48 fault block oil reservoir is an extremely low permeability reservoir, and it is difficult to produce such a reservoir by waterflooding. Laboratory analysis of reservoir oil shows that the minimum miscibility pressure for CO2 drive in Fang-48 fault block oil reservoir is The threshold pressure gradient for gas injection is less than that for waterflooding, and the recovery by gas drive is higher than waterflooding. In addition, the threshold pressure gradient for gas injection is less than that for waterflooding. pressure gradient for carbon dioxide injection is smaller than that for hydrocarbon gas, and the oil recovery by carbon dioxide drive is higher than that by hydrocarbon gas displacement, so carbon dioxide drive is recommended for the development of the Fang-48 fault block oil reservoir.