Parallel simulation significantly reduces runtime in oil reservoir simulations, enabling higher-resolution analysis and a better understanding of reservoir behavior. This study comprehensively evaluates how simulation time, hardware configuration, and various physical parameters impact the efficiency, scalability, and performance metrics such as run time reduction (RTR) and number of optimal cores (NOC) in parallel simulations. This study introduced the reduced simulation time (RST) concept, an innovative approach that enhances parallel simulation efficiency, and dynamic load balance. In this approach, simulations were performed using only 5% of the total simulation time. The findings reveal that in 80% of the models, switching to RST mode has no effect on NOC but significantly reduces overall execution time in most cases. In complex models, this time reduction can be as high as 60% compared to serial mode. In the remaining 20%, the number of cores in the total simulation time (TST) mode may be higher than in the RST mode, but this difference can be disregarded due to limited hardware resources and no change in RTR.