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Nabors Names New Chief Financial Officer



                   Nabors Names New Chief Financial Officer

PR Newswire

HAMILTON, Bermuda, Jan. 29, 2014

HAMILTON, Bermuda, Jan. 29, 2014 /PRNewswire/ -- Nabors Industries Ltd. (NYSE:
NBR) announced today plans to appoint Mr. William Restrepo as Chief Financial
Officer (CFO) following his upcoming departure from Pacific Drilling S.A.
(NYSE: PACD).

"Nabors has been seeking to fill the CFO role with someone possessing
financial management and operational skills and experience who can
meaningfully add to our senior management team.  We believe William
Restrepo is that person. He brings nearly 30 years of financial and
operational management experience in the global energy industry to
Nabors. William has an extensive portfolio of proven domestic and
international capabilities in corporate finance, financial accounting,
internal audit, treasury, operations, and mergers and acquisitions, as well as
planning and analysis. We are very pleased to have him join our executive
leadership team," said Chairman, President and Chief Executive Officer Anthony
Petrello.

Restrepo, 54, most recently served as CFO at Pacific Drilling. In this
role, Restrepo provided leadership for Pacific's initial public offering and
listing on the New York Stock Exchange and helped the company grow by raising
$4.5 billion in bank debt, bonds and equity.

Restrepo also previously served as CFO at Seitel, Inc. and at Smith
International until its acquisition by Schlumberger. Prior to
that, Restrepo spent over 20 years with Schlumberger in various senior
financial and operational positions, including operational responsibility for
all product lines in the Continental Europe and the Arabian Gulf markets, as
well as senior financial executive roles in Corporate Treasury and worldwide
controller positions with international postings in Europe, South America and
Asia.

Restrepo's employment is expected to begin on February 28, 2014.

Restrepo holds bachelor's degrees in economics and civil engineering as well
as an MBA from Cornell University.

About Nabors Industries
Nabors owns and operates the world's largest land-based drilling rig fleet and
has one of the largest completion services and workover and well servicing rig
fleets in North America. The company is a leading provider of offshore
platform workover and drilling rigs in the U.S. and multiple international
markets. Nabors provides innovative drilling technology and equipment,
directional drilling and comprehensive oilfield services in most of the
significant oil and gas markets in the world.

Media Contact:
Denny Smith, Nabors, +1 281 775 8038

SOURCE Nabors Industries Ltd.
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