Water volume fraction is an important parameter of two-phase flow measurement, and it is an urgent task for accurate measurement in horizontal oil field development and optimization of oil production. The previous ring-shaped conductance water-cut meter cannot obtain the response values corresponding to the oil field water conductivity for oil–water two-phase flow in horizontal oil-producing wells characterized by low yield liquid, low velocity and high water cut. Hence, an inserted axisymmetric array structure sensor, i.e. a six-group local-conductance probe (SGLCP), is proposed in this paper. Firstly, the electric field distributions generated by the exciting electrodes of SGLCP are investigated by the finite element method (FEM), and the spatial sensitivity distributions of SGLCP are analyzed from the aspect of different separations between two electrodes and different axial rotation angles respectively. Secondly, the numerical simulation responses of SGLCP in horizontal segregated flow are calculated from the aspect of different water cut and heights of the water layer, respectively. Lastly, an SGLCP-based well logging instrument was developed, and experiments were carried out in a horizontal pipe with an inner diameter of 125 mm on the industrial-scale experimental multiphase flow setup in the Daqing Oilfield, China. In the experiments, the different oil–water two-phase flow, mineralization degree, temperature and pressure were tested. The results obtained from the simulation experiments and simulation well experiments demonstrate that the designed and developed SGLCP-based instrument still has a good response characteristic for measuring water conductivity under the different conditions mentioned above. The validity and reliability of obtaining the response values corresponding to the water conductivity through the designed and developed SGLCP-based instrument are verified by the experimental results. The significance of this work can provide an effective technology for measuring the water volume fraction of oil–water two-phase flow in horizontal oil-producing wells.