All oil reservoirs have some degree of fracturing. Often, the presence of fractures affects significantly the flow of the fluids contained in the reservoir, increasing the permeability and creating preferential flow paths or by imposing some barrier to the flow. When subjected to waterflooding, naturally fractured reservoirs may have serious problems like early production of water or very low swept efficiencies. The analyses conducted in this study contemplated the understanding of recovery processes involved in the production of fractured reservoirs and the impact of each of the main parameters that influence the flow in fractured porous media. Also, an analysis of possible draining strategies for this type of reservoir was performed. Finally, simulations were performed to study the possible gains of emulsion injection, as a recovery method, compared with water injection.