The invention discloses a composite oil phase for preparing bulk emulsified explosives with upward hole charges. The composite oil phase consists of white oil, naphthenic oil, polymer ester emulsifier, crosslinking agent, S-80 , anti-turbulence agent, and prepared by the following method: first heat white oil, naphthenic oil, polymer ester emulsifier, and S-80 in separate melting tanks to 60-70°C, and then mix according to the ratio requirements The oil pump is measured by the electronic scale and then pumped into the reaction kettle one by one. After stirring and heating up to 80-90°C, add the measured cross-linking agent and anti-turbulence agent, and continue stirring for about 30 minutes until the cross-linking agent and anti-turbulence agent are fully After melting, the finished product is obtained after filtering. The bulk emulsion explosive produced by the composite oil phase of the present invention has the remarkable characteristics of good explosive performance, high working capacity, long storage period, anti-turbulence, long-distance transportation, small colloidal viscosity gradient coefficient, and easy pumping at room temperature. When used in underground mines to charge holes, the rate of drug return is extremely low. It can replace imported products to produce high-quality bulk emulsion explosives, and has good economic benefits.