| Nabors Industries Ltd. (Nabors) is a land drilling contractor with approximately 535 land drilling rigs. The Company conducts oil, gas and geothermal land drilling operations in the United States Lower 48 states, Alaska, Canada, South America, Mexico, the Caribbean, the Middle East, the Far East, Russia and Africa. It is also a land well-servicing and workover contractors in the United States and Canada. The Company markets approximately 564 land workover and well-servicing rigs in the United States, primarily in the southwestern and western United States, and approximately 173 land workover and well-servicing rigs in Canada. Nabors is a provider of offshore platform workover and drilling rigs, and actively markets 35 platform, 12 jack-up units and 4 barge rigs in the United States and multiple international markets. It has a 51% ownership interest in a joint venture in Saudi Arabia, which actively markets 9 rigs. On August 8, 2007, the Company sold its Sea Mar business. |
