Nabors Industries, Ltd.
Nabors Industries, Ltd. (Nabors Industries) is engaged in oil, gas and geothermal land drilling operations. The company owns and operates approximately 528 land drilling rigs. It also owns and operates approximately 737 land workover and well-servicing rigs in the US including the southwestern and western United States, and also markets approximately 171 land workover and well-servicing rigs in Canada. The company`s actively marketed offshore fleet consists of 37 platform rigs, 13 jack-up units and three barge rigs for the US and multiple international markets. The company is headquartered in Hamilton, Bermuda.
In addition, the company manufactures drives and drilling instrumentation systems and provides exhaustive oilfield hauling, engineering, civil construction, logistics and facilities maintenance and project management services. It also invests in oil and gas exploration, development and production activities worldwide. In August 2007, Nabors Industries sold its Sea Mar business, which was included in Other Operating Segments, earlier. Nabors Industries principally operates in the U.S. Lower 48 states, Alaska, Canada, South America, Mexico, the Caribbean, the Middle East, the Far East, Russia and Africa.The company reported revenues of (U.S. Dollars) USD 5,303.79 million during the fiscal year ended December 2008, an increase of 7.35% over 2007. The operating profit of the company was USD 801.62 million during the fiscal year 2008, a decrease of 29.39% from 2007. The net profit of the company was USD 551.17 million during the fiscal year 2008, a decrease of 40.78% from 2007.