Know all by these present, that the undersigned hereby constitutes and appoints
each of Bruce Taten and Lisa Wysocki signing singly the undersigned's true and
lawful attorney-in-fact to: (1) execute for and on behalf of the undersigned's
capacity as an officer and/or director of Nabors Industries Ltd. (the
"Company") Forms 3,4 and 5 in accordance with Section 16(a) of the Securities
Exchance Act of 1934 and the rules thereunder; (2) do and perform any and all
acts for and on behalf of the undersigned which may be necessary or desirable
to complete and execute any such Forms 3,4 or 5 and timely file such form with
the United States Securities and Exchange Commission and any stock exchange or
similar authority; and (3) take any other action of any type whatsoever in
connection with the foregoing which in the opinion of such attorney-in-fact
may be of benefit to in the best interset of or legally required by the
undersigned it being understood that the documents executed by such attorney-
in-fact on behalf of the undersigned pursuant to this Power of Attorney shell
be in in such form and shall contain such terms and conditions as such
attorney-in-fact may approve in such attorny-in-fact's discretion.

The undersigned hereby grants to each such attorney-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite
necessary or proper to be done in the exercise of any of the rights and
powers herein granted, as fully to all intents and purposes as the undersigned
might or could do if personally present with full power of substitution or
revocation hereby ratifying and confirming all that such attorney-in-fact
or such attorney-in-fact's substitute or substitute's shall lawfully do or
cause to be done by virtue of this power of attorney and the rights and
powers herein granted. The undersigned acknowledges that the foregoing
attorneys-in-fact in serving in such capacity at the request of the
undersigned are not assuming nor is the Company assuming any of the
undersigned's responsibilities to comply with Section 16 of the Securities
Exchange Act of 1934

This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3,4 and 5 with respect to
the undersigned's holdings of and transactions in securities issued by the
Company unless earlier revoked by undersigned in a signed writing delivered
to the foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 15th day of October 2003.

Bruce Koch