CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $) In Thousands	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
Cash flows from operating activities:
Net income (loss) attributable to Nabors	$ 275,273	$ 83,821
Adjustments to net income (loss):
Depreciation and amortization	451,986	348,475
Depletion and other exploratory expenses	19,072	15,677
Deferred income tax expense (benefit)	47,308	(12,151)
Deferred financing costs amortization	2,922	2,559
Pension liability amortization and adjustments	300	199
Discount amortization on long-term debt	26,081	36,764
Amortization of loss on hedges	464	291
Losses (gains) on long-lived assets, net	(41,458)	3,667
Losses (gains) on investments, net	(8,761)	2,184
Losses (gains) on debt retirement, net	58	7,033
Losses (gains) on derivative instruments	338	1,580
Share-based compensation	8,107	7,047
Foreign currency transaction losses (gains), net	615	15,019
Equity in (earnings) losses of unconsolidated affiliates, net of dividends	(102,122)	(10,379)
Changes in operating assets and liabilities:
Accounts receivable	(82,533)	(42,363)
Inventory	(39,807)	(7,308)
Other current assets	21,051	16,273
Other long-term assets	61,543	(11,765)
Trade accounts payable and accrued liabilities	237,743	15,025
Income taxes payable	(13,363)	(9,622)
Other long-term liabilities	5,085	7,883
Net cash provided by operating activities	869,902	469,909
Cash flows from investing activities:
Purchases of investments	(7,945)	(27,988)
Sales and maturities of investments	20,622	27,997
Investment in unconsolidated affiliates	(29,762)	(10,936)
Distribution of proceeds from asset sales from unconsolidated affiliates	119,207
Capital expenditures	(1,003,245)	(369,455)
Proceeds from sales of assets and insurance claims	102,067	17,567
Net cash used for investing activities	(799,056)	(362,815)
Cash flows from financing activities:
Increase (decrease) in cash overdrafts	11,203	(6,130)
Proceeds from issuance of common shares	11,622	4,733
Proceeds from revolving credit facilities	1,200,000
Debt issuance costs	(2,188)
Reduction in long-term debt	(1,404,247)	(273,605)
Repurchase of equity component of convertible debt	(14)	(4,712)
Settlement of call options and warrants, net		1,133
Purchase of restricted stock	(2,527)	(1,887)
Tax benefit related to share-based awards	42	(45)
Net cash used for financing activities	(186,109)	(280,513)
Effect of exchange rate changes on cash and cash equivalents	2,383	(6,803)
Net (decrease) increase in cash and cash equivalents	(112,880)	(180,222)
Cash and cash equivalents, beginning of period	641,702	927,815
Cash and cash equivalents, end of period	$ 528,822	$ 747,593