Implementing reservoir characterization by undertaking seismic inversion on time-lapse surveys is very effective for observing the distribution and changes in the hydrocarbon reservoir. In mature oilfields, these changes are most likely influenced by the thermodynamic activities including the injection of fluid into the reservoir, which can change the volume, pressure, and composition of the geological formations. Fluid injection (in this case, water injection) into the reservoir is typically used as an oil and gas booster to increase production through EOR (Enhanced Oil Recovery). However, in light of CCUS (Carbon Capture Utilization and Storage) application, injecting CO2 can be considered as a new EOR strategy development, with the dual objectives of increasing oil and gas production as well as lowering carbon emissions at the same time. The 4-dimensional (4D) seismic data available over Widuri Field covers an area of 125 km2, with 884 inlines and 905 crosslines, acquired in 1991 and 2004 over the same area. The inversion algorithm is using seismic deconvolution to generate an acoustic impedance model before developing a geological reservoir model. Reservoir characterization was conducted in this study to obtain detailed information of the reservoir zones by determining the impact of water injection that replaces hydrocarbons. Intervals and areas with an abundance of water can be considered as potential CO2 sequestration in the future, as a part of the CCUS application. In conclusion, the findings of increasing impedance from inversion data from 1991 to 2004 can indicate the presence of existing porosity and permeability. This evidence could indicate reservoir capability as CO2 storage.