The invention relates to a novel bimetallic composite 
pipe, which is applied in exploiting 
oil and natural gas fields. The novel bimetallic composite 
pipe is characterized in that an inner lining 
pipe is arranged in an outer wall pipe. Short joints are welded at both ends of the outer wall pipe, 
welding seams are arranged between the outer wall pipe and the short joints, and both end parts of the inner lining pipe are welded on the inner wall of the short joints. At least 1 through hole with the 
diameter of 2 to 10 millimeters is drilled on the wall of the outer wall pipe. Electric 
welding is adopted to completely weld the through hole after the 
water pressure test, namely, electric 
welding is used for solidly filling the through hole after the 
water pressure test. Screw threads are machined at both ends of the novel bimetallic composite pipe or the both ends of the novel bimetallic composite pipe are machined into two welding grooves. The novel bimetallic composite pipe has the advantages that a 
carbon steel pipe or a low 
alloy steel pipe is adopted as the substrate material of the outer wall pipe, to exert the superior capability of 
mechanics of machinery and the low price characteristic of the 
carbon steel pipe or the low 
alloy steel pipe; the inner lining adopting layer 
corrosion resistant 
alloy is provided with excellent 
corrosion resistant capability and superior capability of 
mechanics of machinery. The screw threads 
coupling connection sealing problem and the bimetallic composite pipe ground welding problem occurring when the prior bimetallic composite pipes are in use are thoroughly solved, the application field of the bimetallic composite pipe is enlarged, and the cost of the 
oil field exploitation is saved.