The system composition, operational principle and technical parameter of the equipment integrated with drilling wreck and pumping oil were introduced. The open hydraulic system of the equipment was designed.which was composed of main line, feeding line, drilling line, pumping line, magnet attracting line, safety and energy saving line. Parameter design of the hydraulic system was researched. Equipment integrated with drilling wreck and pumping oil can effectively reduce the oil spill from the sinking and greatly improve the technology of recovering the storage oil in the deepwater sinking.