In response to the drilling challenges such as poor wear resistance and corrosion resistance of aluminum alloy drill pipes and the difficulty of drilling in hard strata， the effects of basalt fibers on the properties of 7075 aluminum alloy drill pipe materials and WC-based diamond composites were investigated in this paper. The aluminum matrix composites and matrix were prepared by powder metallurgy and hot-pressing sintering， and their properties were tested. The results showed that the mechanical properties and corrosion resistance of basalt fiber/7075 aluminum matrix composites were improved compared with 7075 aluminum alloy. The basalt fibers reduces the wear ratio of the matrix， improves the density and thermal conductivity of the matrix， and increases the force of the matrix holding the diamond. This paper also summarizes and outlooks the research on the application of basalt fibers in the field of casing and oil pipe. The research on the application of basalt fiber in the field of casing and tubing is also summarized and prospected in this paper.