Ordovician fractured vuggy carbonate reservoirs, which are deeply buried in the Tazhong Shunnan area in China, are characterized by high heterogeneity. Meanwhile, there is no significant difference between the geophysical characteristics of the reservoirs and that of the surrounding rocks. We have introduced the multiscale stack random medium theory and built some theoretical seismic-geologic models for the fractured vuggy carbonate reservoirs. Furthermore, we obtained the seismic reflection characteristics corresponding to these models using finite-difference forward modeling. The small random vugs are characterized by weak and chaotic reflections with high frequency, and the large vugs are characterized by strong and chaotic reflections with low frequency. The amplitude of the seismic reflections increases with the increasing vug density, and it decreases with the increasing roughness factor. Combining the synthetic reflection characteristics corresponding to the fractured vuggy carbonate reservoirs and the actual seismic reflections from the drilled reservoirs, we summarized the recognition patterns of the carbonate reservoirs. The predicted results found that the potential fractured vuggy reservoirs at the top of Yijianfang Formation are located in the southwest and northeast, in the vicinity of fault zones. The reservoirs in Peng-Laiba Formation are distributed in the northwest of the block.