To effectively evaluate a gas condensate reservoir performance, the reservoir engineer must have a reasonable amount of knowledge about the reservoir to adequately analyze the reservoir performance and predict future production under various modes of operation. Due to the multiphase flow that exists in the reservoir, characterization of gas condensate reservoirs is often a difficult task with the variation of its overall composition in both space and time during production which complicates well deliverability analysis and the sizing of surface facilities. This study is primarily concern with the evaluation of a gas condensate reservoir performance of Akpet GT 9 Reservoir in the Niger Delta region of Nigeria with material balance analysis tool “MBal” without having to run numerical simulations. The result obtained with MBal on the analysis of Akpet GT 9 reservoir gave 23.934 Bscf of gas initially in place which compares favorably with the volume obtained from volumetric techniques. Results also shows that the most likely aquifer model is the Hurst–Van Everdingen - Dake radial aquifer and the reservoir is supported by a combined drive of water influx and fluid expansion. Okotie, S. | Department of Petroleum Engineering, Federal University of Petroleum Resources (FUPRE), Effurun, Delta State, Nigeria.