We study two-phase flow for Darcy and Brinkman regimes. To reduce the computational complexity for flow in vertical equilibrium various simplified models have been suggested. Examples are dimensional reduction by vertical integration, the multiscale model approach in [Guo et al., 2014] or the asymptotic approach in [Yortsos, 1995]. The latter approach uses a geometrical scaling. We show the efficiency of the approach in asymptotically flat domains for Darcy regimes. Moreover, we prove that it is vastly equivalent to the multiscale model approach.We apply then asymptotic analysis to the two-phase flow model in Brinkman regimes. The limit model is a single nonlocal evolution law with a pseudo-parabolic extension. Its computational efficiency is demonstrated using numerical examples. Finally, we show that the new limit model exhibits overshoot behaviour as it has been observed for dynamical capillarity laws [Hassanizadeh and Gray, 1993].spatially three-dimensional settings [20]. Therefore it is an important issue to perform model reductions if possible, in particular for any kinds of limit regimes.