Rolling bearings are classified one of the most important machine elements. The various function of bearings are greatly influenced by grease, and higher performance of rolling bearing greases is required to improve bearing lubrication. Three urea/ether oil greases with different composition were synthesized to compare the performance of these greases. The typical grease physical properties were investigated, and life test of these greases was conducted by FE-9 grease life tester. The grease with higher content of the thickener showed higher performance. After these preliminary test, twelve greases were synthesized and evaluated the performance of dropping point and OIT value. And optimized conditions for grease synthesis were selected by SSRED (Six Sigma Robust Engineering Design) using dropping point and OIT value respectively. The optimized grease using OIT value showed longer grease life than that using dropping point. Two greases were synthesized following the optimum synthesis conditions by means of OIT value. Then grease life and other properties of these greases were investigated. These two greasaes showed longer grease life than typical urea/ether oil grease.