Intelligent well technology is an oil and gas well optimization completion technology integrated with underground real-time monitoring, data analysis decision-making and remote control of downhole tools. It's of great significance to the transformation and innovation of China's oil and gas development projects. The author of this paper expounds the definition, principle, composition and characteristics of intelligent well technology, and introduces the development status quo of intelligent well technology abroad, including mature intelligent well system, key technology research of intelligent well and its application technology. After the introduction to the related technology research of intelligent well in China, the author puts forward some opinions on the development of our own complete intelligent well system.