Nabors Expands Its Board, Appointing John P. Kotts as a Director

HAMILTON, Bermuda, July 25, 2013 /CNW/ - Nabors Industries Ltd. (NYSE:NBR) 
today announced that its Board of Directors voted to expand the Board to eight 
members from the current seven and subsequently appointed John P. Kotts to 
fill the newly created vacancy. 
Mr. Kotts is a private investor and entrepreneur.  From 1990 to 1998, he owned 
and operated Cardinal Services, Inc., a leading supplier of liftboat rentals 
and other production related services, including mechanical wireline services 
and plug and abandonment services, to oil companies operating in the Gulf of 
Mexico.  After selling the company to a group led by First Reserve Corporation 
in 1998, Mr. Kotts retained a significant partnership interest and continued 
to be involved as a member of the Company's Board of Directors until the time 
of the Company's merger with Superior Energy Services. 
Through his management company, J. P. Kotts & Co., Inc., Mr. Kotts also 
operates a private investment fund focused on U.S. and international trading 
of securities and other financial instruments.  He also invests in real estate 
and private equities.  Mr. Kotts is currently the owner and CEO of 
Vesco/Cardinal, an oil tool rental and service company, as well as several 
manufacturing companies. Mr. Kotts previously held various financial, banking 
and investment banking positions in companies specializing in leveraged 
buyouts, venture capital and turnaround transactions.  He holds a BA in 
Philosophy and an MBA in Finance from Hofstra University and completed 
additional post-graduate work at McGill University in Montreal, New York 
University and Harvard Business School. 
Tony Petrello, Nabors' Chairman, President & CEO, commented, "We are pleased 
John has agreed to serve as a Nabors director and welcome him to our Board.  
His extensive entrepreneurial track record and experience in the oil and gas 
industry make him an invaluable resource as the Board continues refining our 
strategy for the future." 
The Nabors companies own and operate approximately 472 land drilling rigs 
throughout the world and approximately 544 land workover and well servicing 
rigs in North America.  Nabors' actively marketed offshore fleet consists of 
36 platform rigs, 5 jackup units and 4 barge rigs in the United States and 
multiple international markets. In addition, Nabors is one of the largest 
providers of hydraulic fracturing, cementing, nitrogen and acid pressure 
pumping services with approximately 800,000 hydraulic horsepower currently in 
service.  Nabors also manufactures top drives and drilling instrumentation 
systems and provides comprehensive oilfield hauling, engineering, civil 
construction, logistics, and facilities maintenance and project management 
services.  Nabors participates in most of the significant oil and gas markets 
in the world. 
For further information, please contact Dennis A. Smith, Director of Corporate 
Development & Investor Relations, at 281-775-8038. To request investor 
materials, contact Nabors' corporate headquarters in Hamilton, Bermuda at 
441-292-1510 or via email at 
SOURCE: Nabors Industries Ltd. 
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-0- Jul/25/2013 20:06 GMT
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