In the second quarter of this DOE NETL project, we have continued Phase I and Phase II activities for researching and developing new technology to quantitatively model the rock physics effects of CO{sub 2}-oil-water systems. These activities included completing a literature search of currently available equation-of-state methods, initiating work in molecular dynamics modeling, and building a prototype seismic modeling code for predicting time-lapse CO{sub 2} changes in well-log models. We have also received permission to use the Sleipner time-lapse CO{sub 2} data set from the North Sea for the current NETL project, and have issued a formal request for the data.