Nanofluids because of their surface characteristics improve the oil production from reservoirs by enabling different enhanced recovery mechanisms such as wettability alteration, interfacial tension (IFT) reduction, oil viscosity reduction, formation and stabilization of colloidal systems and the decrease in the asphaltene precipitation. To the best of the authors’ knowledge, the synthesis of a new nanocomposite has been studied in this paper for the first time. It consists of nanoparticles of both SiO₂ and Fe₃O₄. Each nanoparticle has its individual surface property and has its distinct effect on the oil production of reservoirs. According to the previous studies, Fe₃O₄ has been used in the prevention or reduction of asphaltene precipitation and SiO₂ has been considered for wettability alteration and/or reducing IFTs in enhanced oil recovery. According to the experimental results, the novel synthesized nanoparticles have increased the oil recovery by the synergistic effects of the formed particles markedly by activating the various mechanisms relative to the use of each of the nanoparticles in the micromodel individually. According to the results obtained for the use of this nanocomposite, understanding reservoir conditions plays an important role in the ultimate goal of enhancing oil recovery and the formation of stable emulsions plays an important role in oil recovery using this method.