The implementation of CO2 huff-n-puff in unconventional oil reservoirs represents a green development technology that integrates oil recovery and carbon storage, emphasizing both efficiency and environmental protection. A rational well selection method is crucial for the success of CO2 huff-n-puff development. This paper initially identifies eight parameters that influence the effectiveness of CO2 huff-n-puff development and conducts a systematic analysis of the impact of each factor on development effectiveness. A set of factors for well selection decisions is established with seven successful CO2 huff-n-puff cases. Subsequently, the influencing factors are classified into positive, inverse, and moderate indicators. By using an exponential formulation, a method for calculating membership degrees is calculated to accurately represent the nonlinearity of each parameter’s influence on development, resulting in a dimensionless fuzzy matrix. Furthermore, with the oil exchange ratio serving as a pivotal parameter reflecting development effectiveness, recalibration of weighting factors is performed in conjunction with the dimensionless fuzzy matrix. The hierarchical order of weighting factors, from primary to secondary, is as follows: porosity, reservoir temperature, water saturation, formation pressure, reservoir thickness, crude oil density, crude oil viscosity, and permeability. The comprehensive decision factor and oil exchange ratio exhibit a positive correlation, affirming the reliability of the weighting factors. Finally, utilizing parameters of the Ordos Basin as a case study, the comprehensive decision factor is calculated, with a value of 0.617, and the oil exchange ratio is predicted as 0.354 t/t, which falls between the Chattanooga and Eagle Ford reservoirs. This approach, which incorporates exponential membership degrees and recalibrated weighting factors derived from actual cases, breaks the limitations of linear membership calculation methods and human factors in expert scoring methods utilized in existing decision-making methodologies. It furnishes oilfield decision-makers with a swifter and more precise well selection method.