This book presents selected articles from the workshop on "Challenges in Petrophysical Evaluation and Rock Physics Modeling of Carbonate Reservoirs" held at IIT Bombay in November 2017. The articles included explore the challenges associated with using well-log data, core data analysis, and their integration in the qualitative and quantitative assessment of petrophysical and elastic properties in carbonate reservoirs. The book also discusses the recent trends and advances in the area of research and development of carbonate reservoir characterization, both in industry and academia. Further, it addresses the challenging concept of porosity portioning, which has huge implications for exploration and development success in these complex reservoirs, enabling readers to understand the varying orders of deposition and diagenesis and also to model the flow and elastic properties.