Reservoir characterization of “MONI” field of the Niger Delta has been carried out using well log and seismic data. The study is aimed at delineating structural and stratigraphic features associated with hydrocarbon entrapment of the field. Lithostratigraphic correlation reviewed two main lithologies which are reservoir sands and seal shales. Well log correlation and interpretation across the field indicates – main stratigraphic bounding surface which include two sequence boundaries and one maximum flooding surface. This indicates about three depositional sequences exists in the study area. Stacking patterns (progradation, retrogradation, and aggradation) were delineated and interpreted as lowstand system tract (LST), highst and system tract (HST), and transgressive system tract (TST). The alternation of LST, HST and TST offers good reservoir and seal for the hydrocarbon accumulation. The depositional environment of the reservoirs ranges from subaerial channel deposits, barrier bar, tidal channel sands to delta distributary channel fill. Subaerial channel deposits have a bad reservoir quality, tidal channel sands possess a fair reservoir quality while delta distributary channel fill have a good reservoir quality. Petrophysical analysis shows that three reservoirs delineated have a porosity ranging from 19.37% to 23.62%, permeability ranging from 1408.71 to 1855.36 mD, a Net-to-Gross ranging from 0.46 to 0.88, volume of shale ranging from 11.72% to 24.92%, Water saturation ranging from 37.24% to 47.96% and hydrocarbon saturation ranging from 52.04% to 62.76%. Structural interpretation reviewed four main faults that serves as traps to the accumulation of hydrocarbon. Three hydrocarbon bearing sands were interpreted in the seismic volume. Time and depth structure maps show that the hydrocarbon bearing structure is a fault assisted anticlinal structure. Seismic facies analysis reviewed five facies. The study concluded that structural and stratigraphic features can be used to characterize reservoirs.