Wellbore temperature is significant to well program and safety drilling for deep water drilling operations. On the basis of transient heat transfer mechanisms involved in deep water drilling among wellbore and formation and sea water, wellbore temperature profile, especially near sea bed and sensitivities to drilling fluid circulating duration, inlet temperature, water depth, water temperature, riser insulation and drilling fluid specific heat capacity have been analyzed via this model. Analysis show that deep-water wellbore temperature is much lower than a land well, the temperatures above sea bed normally ranges 10-30°C, and decreases with increased circulating duration; temperature at both outlet and bottom hole decreases drastically with increased water depth, and heat generation must be considered into estimating wellbore temperature profile especially one at bottom hole.