Abstract One of the biggest challenges when drilling in deep water is the excessive dependence of drilling fluid rheological properties on temperature. Conventional drilling fluids often have high viscosity at the seabed temperature, which increases the Equivalent Circulating Density (ECD) and surge pressures when running pipe or initiating circulation, elevating the risk of fracturing the wellbore. This paper describes the development of a drilling fluid for deep-water applications, with minimum viscosity variation with temperature. Multiple laboratory formulations were evaluated during the development of the new, non-aqueous based drilling fluid that meets deep-water's challenging rheological and barite suspension requirements. CaCl2 brine was used as the internal emulsion phase, and synthetic isomerized olefin as the base oil. The testing followed the API Recommended Practice for Field Testing Oil-based Drilling Fluids. Samples were aged at dynamic conditions for 16 hours at several temperatures. Then, rheological properties and high-pressure high-temperature (HPHT) fluid loss, emulsion stability, and dynamic sagging were tested. Static sag experiments were also carried out for up to seven days together with improved step down rheology tests. A low-impact, non-aqueous drilling fluid (LIDF) was designed to minimize ECD increases by reducing the effect of cold temperature on the fluid viscosity. The fluid offers a superior low viscosity profile and rapid-set, easy-break gel strengths, while maintaining low shear rate viscosity at high temperatures with optimal weight material suspension. The fluid is also compatible with all contaminants usually found during the drilling operation and meets all the regulatory requirements for the Gulf of Mexico and other deep-water operational areas. Field application demonstrated that LIDF reduced the effect of temperature on the fluid rheological properties and minimized the risk of induced formation losses. These same rheological features reduced non-productive time associated with cement displacement and barite sagging. Supporting laboratory and field data are presented to demonstrate the superior performance of the fluid in maintaining rheological and barite suspension properties over a wide range of temperatures. The properties of the LIDF are achieved by matching the effects of emulsifier, organophilic clay, and rheological modifiers to maintain correct rheological properties at low and high temperatures.