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The basis of designing gasified drilling is to understand the behavior of gas/liquid two-phase flow in the wellbore. The equations of mass and momentum conservation and equation of fluid flow in porous media were used to establish a dynamic model to predict weIlbore pressure according to the study results of Ansari and Beggs-Brill on gas-liquid two-phase flow. The dynamic model was solved by the finite difference approach combined with the mechanistic steady state model. The mechanistic dynamic model was numerically implemented into a FORTRAN 90 computer program and could simulate the coupled flow of fluid in wellbore and reservoir. The dynamic model revealed the effects of wellhead back pressure and injection rate of gas/liquid on bottomhole pressure. The model was validated against full-scale experimental data, and its 5.0% of average relative error could satisfy the accuracy requirements in engineering design.