A petrophysical properties evaluation study of an onshore field “NEMA” was carried out to assess the petrophysical characteristics of the field in the eastern portion of the Niger Delta Basin. This was done in an effort to determine the hydrocarbon prospect and oil productivity potential of the reservoirs. The net/gross thickness was one of the examined parameters. (pay zone thickness), porosity, permeability, fluid saturation which were all inferred from geophysical wireline logs and core data. The wireline logs used in the investigation included density, resistivity, gamma ray, and spontaneous potential logs for five different wells from the “NEMA” oil field. Five reservoirs designated, NEMA 01, NEMA 04, NEMA 07, NEMA 09, and NEMA 12 were identified and correlated across the five wells in the field using gamma ray logs and shale resistivity markers. Based on the computation of petrophysical parameters, the porosity of the reservoirs ranged from 0.22 (22%) to 0.31 (31%); the permeability ranged from 851.58 mD to 1005.05 mD; the average net-to-gross thickness of the reservoir sand bodies was 140 ft; the water saturation value was less than 45%, while the hydrocarbon saturation was greater than 55%. We equally observed that our computed petrophysical parameters from well log data correlated well with the core computed values in NEMA 09. In conclusion, the delineated reservoirs were categorized as good hydrocarbon reservoirs. These results suggest huge hydrocarbon potential and a reservoir system whose performance is considered satisfactory for hydrocarbon production.