In this study, the behavior of the recovery factor during the displacement and storage phases of carbon dioxide (CO2) in an Ecuadorian reservoir was investigated by numerical simulation. Continuous injection and CO2 WAG methods were used. The methodology included field data collection, creation of a static reservoir model, configuration of the PVT model with CMG software, construction of a dynamic model in GEM-CMG based on rock-fluid properties, and evaluation of CO2 injection scenarios. After a screening analysis, the optimal scenario was identified and the performance of the recovery factor over time was studied. The results indicated that, during the 8 years of simulation, the recovery factor with continuous injection was 28%, while with the WAG method it reached 31%. It was concluded that WAG was the most efficient method. Regarding storage, it was observed that continuous injection was able to store 83% of the CO2 in the reservoir.