The segregation of polydispersed oil was studied in theoretical models, sand packs, and plugs from consolidated cores at low tension and atmospheric conditions. The height of the oil belt formed at the top of the porous column and its change in time were measured. The analysis of the segregation curves indicates the subsequent appearance and rise of three pseudo-phases. The primary phase, which contains the dominant fraction of oil in the system, rises with a relatively high steady state velocity. Unsteady state and decreasing velocity characterize the transitional secondary phase which is a lean emulsion left behind. The ternary phase, which follows it with a semi-steady state low velocity, is a lean emulsion of the smallest oil blobs present in low concentration. The process terminates at the segregation of the mobile oil particles in the subsequent phases where a small fraction of the total oil content remains in the porous bed, mainly from the last stage of segregation due to the entrapment in suitable microstructures. According to the postulated mechanism, the decreasing probability of the repeated coalescence in pore bodies and dispersion at the connecting pore throats are responsible for the development of the mobile phases at the sufficiently low-tension conditions. The structure of the pore network, the size-distribution of the oil droplets, the density of their population, and the length of paths affect the mechanism, properties, and behaviour of the systems.