This book focuses on oilfield performance analysis and development adjustment by integrating geology, applied mathematics, and other relevant theories. Based on the abundant and detailed field test and production data from Daqing and Tarim, two major oilfields in China, the regularities, characteristics, design, and adjustment of waterflooding development of sandstone reservoirs throughout the life cycle are described. Field development theories and practices are organically combined in this book, which, embracing comprehensive, systematic, and pragmatic contents, is conducive to development technicians to quickly grasp the characteristics of waterflooding and prepare adjustment plans. It is also useful as a textbook in petroleum colleges and short training courses.