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Last $5.53 USD
Change Today -0.415 / -6.99%
Volume 2.2M
As of 10:47 AM 02/11/16 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

Crown House

Second Floor

4 Par-la-Ville Road

Hamilton, HM 08


Phone: 441-292-1510

Fax: 441-292-1334

Nabors Industries Ltd. owns and operates a land-based drilling rig fleet and has a completion services and well-servicing and workover rig fleet in North America. The company provides offshore platform workover and drilling rigs in the United States and multiple international markets. As of December 31, 2014, as a global provider of services for land-based and offshore oil and natural gas wells, the company’s fleet of rigs and drilling-related equipment included 466 actively marketed rigs for land-based drilling operations in the United States, Canada and approximately 20 other countries throughout the world; 445 actively marketed rigs for land well-servicing and workover services in the United States and 98 actively marketed rigs for land well-servicing and workover services in Canada; 42 actively marketed rigs for offshore drilling operations in the United States and multiple international markets; and approximately 800,000 hydraulic horsepower for hydraulic fracturing, cementing, nitrogen and acid pressure pumping services in key basins throughout the United States. The company provides drilling technology and equipment, and well-site services in various oil and gas markets worldwide, including engineering, transportation and disposal, construction, maintenance, well logging, directional drilling, rig instrumentation, data collection, and other support services. In addition, the company manufactures and leases or sells top drives and other rig equipment. The majority of its business is conducted through two business lines, such as Drilling & Rig Services and Completion & Production Services. Drilling & Rig Services The Drilling & Rig Services business line includes the company’s global land-based and offshore drilling rig operations and other rig services, including equipment manufacturing, rig instrumentation, optimization software, and directional drilling services. This business line consists of four segments: U.S., Canada, International, and Rig Services. U.S. Drilling This segment operates a land-based drilling rig fleet in the United States, consisted of 170 AC rigs and 100 SCR rigs as of December 31, 2014. The company’s new PACE-X rig is the latest generation AC rig designed primarily for multi-well drilling on a single pad. As of December 31, 2014, the company placed 32 PACE-X rigs into service. The company also operates 16 platform rigs in the U.S. Gulf of Mexico. In 2014, the company delivered two new 4600 horsepower deepwater platform rigs. Canada Drilling This segment operates 57 land-based drilling rigs in Canada. International Drilling This segment operated 138 land-based drilling rigs in approximately 20 countries as of December 31, 2014. The company also operates 19 platforms and 6 jack-up rigs in the international offshore drilling markets. The company has a 51% ownership interest in a joint venture in Saudi Arabia, which owns and actively markets five rigs in addition to the rigs that the company leases to the joint venture. The company continues to upgrade and deploy high-specification desert rigs primarily for gas drilling in the Middle East. Rig Services This segment, through various subsidiaries, manufactures and sells top drives, catwalks, wrenches, drawworks, and other drilling related equipment, which are installed on both onshore and offshore drilling rigs. The company offers specialized drilling technologies, including patented steering systems and rig instrumentation software systems, including ROCKIT directional drilling system, which is used to provide data collection services to oil and gas exploration and service companies; and RIGWATCH software, which is computerized software and equipment that monitors a rig's real-time performance and daily reporting for drilling operations, making this data available through the Internet. Completion & Production Services The company’s Completion & Production Services business line includes its operations involved in the completion, life-of-well maintenance and plugging and abandonment of a well in the United States and Canada. These services include stimulation, coiled-tubing, cementing, wireline, workover, w


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