Fractured-vuggy carbonate reservoirs are tectonically complex; their reservoirs are dominated by holes and fractures, which are extremely nonhomogeneous and are difficultly exploited. Conventional water injection can lead to water flooding, and the recovery effect is poor. This paper takes the injection of foam and solid particles to control bottom water as the research direction. Firstly, the rheological properties of foam were studied under different foam qualities and the presence of particles. The ability of foam to carry particles was tested. By designing a microcosmic model of a fractured-vuggy reservoir, we investigated the remaining oil types and the distribution caused by bottom water. Additionally, we analyzed the mechanisms of remaining oil mobilization and bottom water plugging during foam flooding and foam–particle co-injection. The experimental results showed that foam was a typical power-law fluid. Foam with a quality of 80% had good stability and apparent viscosity. During foam flooding, foam floated at the top of the dissolution cavities, effectively driving attic oil. Additionally, the gas cap is released when the foam collapses, which can provide pressure energy to supplement the energy of the reservoir. Collaborative injection of foam and solid particles into the reservoir possessed several advantages. On one hand, it inherited the benefits of foam flooding. On the other hand, the foam transported particles deep into the reservoir. Under the influence of gravity, particles settled and accumulated in the fractures or cavities, forming bridge plugs at the connection points, effectively controlling bottom water channeling. The co-injection of foam and solid particles holds significant potential for applications.
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