GRANT PRIDECO INC
S-3, EX-23.1, 2000-10-26
OIL & GAS FIELD MACHINERY & EQUIPMENT
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<PAGE>   1

                                                                    Exhibit 23.1


                    CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

As independent public accountants, we hereby consent to the incorporation by
reference in this registration statement of our reports dated January 28, 2000
and January 28, 2000 (except with respect to the matter discussed in Note 18, as
to which the date is October 26, 2000) included in Grant Prideco, Inc.'s Form 10
and Form 8-K for the year ended December 31, 1999 and to all references to our
Firm included in this Registration Statement.





                                             /s/ Arthur Andersen LLP


Houston, Texas
October 26, 2000


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