The invention relates to the technical field of an oil-based drilling fluid for petroleum drilling, in particular to an environmental-friendly type oil-based drilling fluid and a preparation method therefore. The environmental-friendly type oil-based drilling fluid is prepared from the following raw materials: base liquid white oil, calcium chloride water solution, an emulsifying agent, a wetting agent, organic oil for drilling fluid, a composite plugging agent, a shear strength improving agent, a basicity regulating agent and a fluid loss additive; and a weighting agent is added into a mixture of the raw materials. The oil-based drilling fluid has the following advantages of: good plugging property, high shear viscosity and strong rock carrying capability; the EC 50 (median effect concentration) of the drilling fluid is larger than 3*104mg/L; the drilling fluid has good environmental safety; the return permeability of the drilling fluid can reach 90%-98%; the drilling fluid has little damage to reservoirs; the preparation process of the drilling fluid is simple; the drilling fluid is mainly applied to a special construction technology such as underbalance, horizontal wells and the like, water sensitivity reservoirs and low-pressure low permeability gas wells.