The invention relates to a kind of CO2 corrosion resistant pipeline steel used for surface gathering and a preparation method of the same. The pipeline steel consists of following components, in weight percentage, C 0.01 to 0.08%, Si 0.10 to 0.50%, Mn 0.50 to 1.50%, P not larger than 0.02%, S not larger than 0.006%, sum of Nb, V, Ti not larger than 0.1%, Cr 1.0 to 3.0%, Mo 0.10 to 0.30%, Cu 0.10 to 0.50%, Ni 0.10 to 0.50%, and the rest is Fe and inevitable impurities. The preparation method comprises the first step of smelting, casting, forging and pressing to produce steel billets, the second step of heating, the third step of rough rolling, the fourth step of finish rolling, and the fifth step of cooling. The CO2 corrosion resistant pipeline steel has a good anti-CO2 corrosion performance, and also has high strength and roughness performances and a good weldability. The pipeline steel is capable of being applied to a surface gathering pipeline project, and has a wide application prospect.