Nabors Industries Ltd - Company Profile
Powered by 
All the sales intelligence you need on Nabors Industries Ltd in one solution.
- Save hours of research time with a comprehensive
Sales Intelligence Solution.
- Understand how Nabors Industries Ltd fits into your total
addressable market and Ideal Customer Profile.
- Gain competitive edge with triggers that tell you
when and how to engage with Nabors Industries Ltd.
Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward
Business Description
Nabors Industries Ltd (Nabors) owns and operates a land-based drilling rig fleet and provides offshore platform drilling rigs in the US and international markets. The company provides wellbore placement services, directional drilling and MWD systems and services. The company operates through four reportable business segments, US Drilling, International Drilling, Drilling Solutions and Rig Technologies. In FY2024, the company’s capital expenditure stood at US$609.7 million, which grew 10.3% YoY. It had 285 actively marketed rigs for land-based drilling operations in the US, Canada and approximately 15 other countries throughout the world and 26 rigs for offshore drilling operations in the US and international markets.
R&D Overview
Nabors makes investments in research and development to create new products, services, solutions, and software that support both its business and the businesses of its customers. The company owns a significant number of patents that are important to its operations and plans to continue filing patent applications to protect its investments in new products and services. In FY2024, the company spent US$57.1 million on R&D, which as a percentage of revenue stood at 1.9%, and grew 1.4% YoY.
Business Segments
Overview
Includes operations in major oil and gas markets in Saudi Arabia, Algeria, Argentina, Colombia, and Mexico. In FY2024, the segment incurred a capital expenditure of US$459.2 million, which grew 28.4% YoY.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Overview
Includes land drilling activities in the lower states, Alaska and offshore operations in the Gulf of Mexico. In FY2024, the segment incurred a capital expenditure of US$110.8 million, which declined 18.7% YoY.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Overview
Offers drilling technologies including patented steering systems and rig instrumentation software systems to enhance drilling performance and wellbore placement. Its products include ROCKit directional drilling system, SmartNAV collaborative guidance and advisory platform, SmartSLIDE advanced directional steering control system, RigCLOUD tools and digital infrastructure and MWD system. In FY2024, the segment incurred a capital expenditure of US$17.787 million, which declined 30.8% YoY.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Overview
Includes automated drilling equipment and rig components Canrig. It manufactures and markets top drives, wrenches, catwalks, draw works and other drilling-related equipment such as robotic systems and downhole tools. In FY2024, the segment incurred a capital expenditure of US$5.767 million, which declined 72.8% YoY.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Geographical Segments
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer