Nature of Operations

3 Months Ended

Mar. 31, 2018

Nature of Operations

Nature of Operations

Note 1 Nature of Operations

Unless the context requires otherwise, references in this report to “we,” “us,” “our,” “the Company,” or “Nabors” mean Nabors Industries Ltd., together with our subsidiaries where the context requires. References in this report to “Nabors Delaware” mean Nabors Industries, Inc., a wholly owned subsidiary of Nabors.

With operations in over 25 countries, Nabors is a global provider of drilling and drilling-related services for land-based and offshore oil and natural gas wells, with a fleet of rigs and drilling-related equipment as of March 31, 2018 which included:

· 407 actively marketed rigs for land-based drilling operations in the United States, Canada and approximately 20 other countries throughout the world; and

· 38 actively marketed rigs for offshore drilling operations in the United States and multiple international markets.

Our business consists of five reportable segments:  U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions and Rig Technologies.