A method of estimating fluid composition in an earth formation includes: generating at least one pulsed neutron measurement by a pulsed neutron tool; estimating a pulsed neutron fluid saturation by analyzing the at least one pulsed neutron measurement via a pulsed neutron model of the earth formation, the pulsed neutron model including expected pulsed neutron measurements relative to selected fluid composition and properties; comparing the pulsed neutron fluid saturation to a reference fluid saturation estimated via a downhole tool; adjusting the pulsed neutron model to at least substantially eliminate a difference between the pulsed neutron fluid saturation and the reference fluid saturation by adjusting at least one of the selected fluid composition and the selected fluid properties; and estimating at least one of the fluid composition and the fluid properties based on the adjusted model.