Book excerpt: Reservoir management is an important topic in the oil industry today. Conferences, forums, short courses, and technical papers, written and attended by engineers, geologists, geophysicists, petrophysicists, and managers discuss various aspects of reservoir management. A critical component of reservoir management is the accurate characterization of the hydrocarbon asset, called reservoir characterization. The topic of this course is the process of sequence-stratigraphic interpretation and characterization of carbonate reservoirs. Because of the overwhelming mass of information most reservoir geoscientists keep up with either some aspects of sequence-stratigraphy, or some aspects of reservoir characterization, but typically not both. The authors believe that the two disciplines are so intimately related that the sequence framework should be considered a critical piece of the integrated puzzle.