Reservoir characterization is an important phase in oil and gas field development, which takes place during the appraisal phase of either a green field or a brown field upon which further development options are considered. Water saturation is a very important parameter in the general description of the reservoir as well as equity determination and dynamic modelling. Numerous equations have been developed which have been used to determine water saturation, but calculated water saturation values have been inconsistent with the saturation values determined from core analysis. This is generally due to their inability to account for the varying distribution of shale in the reservoir and the often incorrectness of their underlying assumptions. The major aim of this research is to develop a model which can be used to determine water saturation values using data from well logs; also, to compare the developed model with other existing models used in the oil and gas industry, using data from core analysis and well logs as the input data; and then finally, to discuss the results of the comparison, using the core-derived saturation values as the bench mark. The model is based on a parallel resistivity model, which is based on the assumption that the conductivity of the sandstone term and the shale term exist in parallel in the shaly-sand reservoir. The shale term in the reservoir of the model is based on the assumption that the clay-bound electrons do not move in the same conductivity path as the sandstone electrons. The shale conductivity term is based on the bound water saturation and the bound water resistivity. The modelled equation was compared in two scenarios using well log data and core data from two different reservoirs, and the model showed consistency in predicting the average water saturation in both reservoirs. The results of the comparison were positive for the modelled equation, as it gave coherent results in both comparison scenarios and matched reasonably the average water saturation of the selected reservoirs. This developed model can serve as an accurate means of determining water saturation in reservoirs, especially for reservoirs with similar characteristics as the selected reservoirs in this research.