As the limitations of high content of water insoluble substance and high residual content to the gum fracturing fluids and poor rheological property to the active water fracturing fluids, the article studies a new fracturing fluid was studied using a nonionic polyacrylamide (A-1) as the thickening agent and organic zirconium (G-1) as the cross-linking agent. By investigating the gelation time, the formulation of the fracturing fluid adapted to site operation was optimized as follows: 0.5%A-1+2.5%G-1, and the effects of different factors, such as pH value, temperature, volume ratio of crosslinker to based liquid and salinity, on performance of the zirconium gel was analyzed. The evaluation tests showed that the aqueous zirconium gel was suitable to low permeable oil reservoir. The fracturing fluid had characteristic of low filtrate loss, little residue of the gel-breaking and good capability of transporting sand. The initial filtration rate was only about 16.41×10^-3 m³/m² and the filtration coefficient was 6.66×10^-4m/min^1/2at the temperature of 90℃. The zirconium gel possessed shearing resistance, the viscosity remained above 50mPa·s after sheared at shear rate of 170 s^-1 for two hours. The damage of gel-breaking liquid to the formation was 14.88% and the gel breaking liquid was easy to flow back.