The co-injection of steam and CO2 into oil sands reservoirs has proved to be one of the most efficient and environmentally friendly methods to produce bitumen. Nevertheless, the condensation mechanism of steam in the reservoir is film-wise condensation under the effect of CO2, which reduces the heat transfer efficiency of steam. To obtain accurate oil production during the co-injection of steam-CO2, it is critical to predict the temperature distribution considering the film-wise condensation and clear its impact on oil production. In this study, laboratory experiments with different injectors were conducted to clear the effect of film-wise condensation on temperature distribution in the formation. Then, a mathematical model considering film-wise condensation was established to predict the temperature distribution and oil production, compared with the measured experiment result and multi-stage oil production from field data. Finally, the effect of temperature distribution on multi-stage oil production was analyzed through different injection volumes. The results indicated that the impact of film-wise condensation inhibits the development of the steam zone(Ts) but explicitly expands the hot water zone(Ts ∼ Tr). Moreover, the different injection components affect film-wise condensation, and CO2 has a more pronounced effect, whereas steam has little impact on the hot water zone despite its significant effect on steam zone expansion by weakening the film-wise condensation. Furthermore, the oil production exhibits the multi-stage characteristic controlled by different heating zones(the steam zone and the hot water zone), such that the steam zone contributes to higher oil production in the rising stage, and a larger hot water zone induces a longer life of the rising stage and the stable stage.