Large CO 2 -enhanced oil recovery (EOR) projects usually contain an abundance of geological and good performance data. While this volume of data leads to robust models, it often results in difficult to manage, slow-running numerical flow models. To dramatically reduce the numerical run-times associated with the traditional simulation techniques, this work investigated the feasibility of using artificial intelligence and machine learning technologies to develop a smart proxy model of the Scurry Area Canyon Reef Operators Committee (SACROC) oilfield, located in the Permian Basin, TX, USA. Smart proxy models can be used to facilitate injection-production optimization for CO 2 -EOR projects. The use of a coupled grid-based, and well-based surrogate reservoir model (SRM) (also known as smart proxy modeling) was investigated as the base of the optimization. A fit-for-purpose coupled SRM, which executes in seconds, was built based on high-resolution numerical reservoir simulation models of the northern platform of the SACROC oilfield. This study is unique as it is the first application of coupled SRM at a large oilfield. The developed SRM was able to identify the dynamic reservoir properties (pressure, saturations, and component mole-fraction) at every grid-block, along with the production characteristics (pressure and rate) at each well. Recent attempts to use machine learning and pattern recognition to build proxy models have been simplistic, with limited predictive capabilities. The geological model used in this study is comprised of more than nine million grid blocks. The high correlation between the actual component and SRM, which can be visualized by mapping the properties, along with the fast footprint of the developed model demonstrate the successful application of this methodology.