Nabors Expands Its Board, Appointing Howard Wolf as a Director

Thu Apr 4, 2013 4:56pm EDT

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HAMILTON, Bermuda,  April 4, 2013  /PRNewswire/ -- Nabors Industries Ltd.
(NYSE:NBR)  today announced that its Board of Directors has expanded the Board
to eight members from the current seven and subsequently appointed  Howard
Wolfto fill the newly created vacancy.

Mr. Wolf is a former senior partner with the law firm of Fulbright & Jaworski
L.L.P. where he practiced from 1959 until his retirement from the firm in 2003. 
While practicing at Fulbright, he chaired the Committee on Securities and
Investment Banking, as well as the Section on Corporation, Banking and Business
Law of the State Bar of Texas.  His practice involved a number of industries,
including extensive work in the energy industry, and was primarily focused on
corporate and securities matters, including mergers and acquisitions, finance,
international law and restructuring.  He chaired the firm's Corporate department
from 1977-84. Mr. Wolf has also served on or chaired a number of public, private
and charitable boards of directors - including Stewart & Stevenson and Offshore
Logistics - and as a partner of various companies.  He currently serves on the
board of Simmons & Company International, a private investment banking and
securities firm specializing in the energy industry.

Mr. Wolf is a founding partner of Lobo Leasing, a helicopter leasing company; a
director and part owner of Recovery Direct, Inc., a producer of films and videos
used in the treatment of substance abuse, and of Orleans Capital Management, an
investment management company; and acting Chairman of Falcon Seaboard Company, a
private investment company focused on the energy, technology, real estate and
agriculture sectors.  He received a Bachelor of Business Administration and a
JD, with honors, from The  University of Texas at Austin.  

Tony Petrello, Nabors' Chairman and CEO, commented, "Howard's appointment to the
Board reflects our ongoing commitment to adding qualified independent voices
with diverse experience and backgrounds. His years working with our industry and
advising as well as serving on boards will provide valuable experience and
insight. His appointment also reflects a collaborative approach with our
shareholders. We are pleased to welcome Howard to the Board."

About Nabors
The Nabors companies own and operate approximately 474 land drilling rigs
throughout the world and approximately 548 land workover and well servicing rigs
in North America.  Nabors' actively marketed offshore fleet consists of 36
platform rigs, 12 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 805,000 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  mark.andrews@nabors.com.

SOURCE  Nabors Industries Ltd.

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