In the last decade, the contribution of Brazilian pre-salt fields in the national oil production has increased substantially, setting these fields as responsible for more than half of the national production and with growth perspectives for years to come. The oil reservoirs found in this region are characterized by thicknesses which can vary from a few tens to hundreds of meters, rocks with favorable matrix properties, and the presence of light oil with a high associated gas content and contaminants such as CO2. Due to these characteristics, several production systems installed in these reservoirs were prepared and should adopt water alternating gas injection as supplementary recovery method. In the present study, a parametric analysis was performed on the influence that reservoir properties as porous thickness, horizontal permeability, vertical permeability, and kv/kh ratio, and operating variables as operating flow rate, WAG ratio, and cycle time can provoke in the recovery factor in a typical Brazilian pre-salt production scenario with and without the effect of gravitational segregation. By comparing the results in several cases of numerical simulation it was possible to identify the variables with the greatest impact and the influence of the gravity effect on recovery. From a sensitivity analysis, equations to estimate the recovery factor as a function of the selected variables or as a function of dimensionless numbers proposed in the literature to assess the gravitational segregation of fluids in porous media were adjusted. The recovery factor estimates made with each function were compared with the simulated values for each case and the functions that presented the best estimates were identified. Such functions can be used to estimate the recovery factor in the application scenario with application in preliminary analyzes for oil field development projects.