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BRIEF-Nabors aims for $970 mln in debt reduction via asset sales

Wed Oct 24, 2012 12:04pm EDT

Oct 24 (Reuters) - Nabors Industries Ltd : * Says divestiture process slower than expected, has decided not to sell

Canadian well service unit * CEO says sale of offshore rigs and barges on hold due to the number of jackup

packages on sale by others * CEO says hopes to sell Eagle Ford property by year-end * CEO says committed to reducing net debt by about $970 million through asset

sales next year
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