Profile: Nabors Industries Ltd (NBR.N)
Nabors Industries Ltd., incorporated on December 11, 2001, owns and operates a land-based drilling rig fleet in North America. The Company is a provider of offshore platform work over and drilling rigs in the United States and multiple international markets. The Company conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services. The Company's fleet of rigs and drilling-related equipment includes approximately 430 actively marketed rigs for land-based drilling operations in the United States, Canada and over 20 other countries throughout the world, and approximately 40 actively marketed rigs for offshore drilling operations in the United States and multiple international markets. The Company provides drilling technology and equipment, and well-site services, 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 Company's U.S. Drilling segment operates land-based drilling rig fleets in the United States, consisting of approximately 180 AC rigs and over 60 SCR rigs. The Company's PACE-X rig is the AC rig designed for multi-well drilling on a single pad. The Company also operates approximately 20 platform rigs in the United States Gulf of Mexico. The Company's Canada Drilling segment operates over 60 land-based drilling rigs in Canada. Its International Drilling segment operates approximately 140 land-based drilling rigs in over 20 countries. It also operates approximately 20 platforms and over six jackup rigs in the international offshore drilling markets.
The Company's Rig Services segment manufactures and sells top drives, catwalks, wrenches, drawworks and other drilling related equipment, which are installed on both onshore and offshore drilling rigs. It offers specialized drilling technologies, such as 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.
The Company competes with Helmerich & Payne, Inc., Patterson-UTI Energy, Inc., Saipem S.p.A, KCA Deutag, Weatherford International Ltd., Precision Drilling and Ensign Energy Services.
Nabors Industries Ltd
Crown House, 4 Par-La-Ville Road
HAMILTON HM 08
Company Web Links
- BRIEF-Nabors prices $500 mln in exchangeable senior unsecured debt offering
- BRIEF-Nabors announces offering of exchangeable senior unsecured notes
- Drilling firms Rowan, Nabors aim to boost Saudi manufacturing
- Saudi Aramco CEO expects oil price rise in first-half 2017
- UPDATE 1-Saudi Aramco CEO expects oil price rise in 1st-half 2017