The development and management of naturally fractured reservoirs (NFRs) is a challenging task for asset teams due to the complexity of these reservoirs. The challenges are observed from the initial exploration phase and continue up to the field development stage. Placing production and injection wells in NFRs pose serious challenges. In most cases, highly permeable fractures are encountered during drilling leading to substantial loss of drilling fluids and extensive use of loss circulation materials. Thus, asset teams need to proactively predict location of these highly conductive fractures since they act as channels for rapid water or gas movement leading to early breakthrough and poor volumetric sweep efficiency.