Nabors owns and operates the world’s largest land-based drilling rig fleet and has one of the largest completion services and workover and well servicing rig fleets in North America. Our company is a leading provider of offshore platform workover and drilling rigs in the U.S. and multiple international markets. Nabors provides innovative drilling technology and equipment, directional drilling and comprehensive oilfield services in most of the significant oil and gas markets in the world.Forward-Looking Statements
We often discuss expectations regarding our markets, demand for our products and services, and our future performance in our annual and quarterly reports, press releases, and other written and oral statements. Such statements, including statements in this document incorporated by reference that relate to matters that are not historical facts are "forward-looking statements" within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These "forward-looking statements" are based on our analysis of currently available competitive, financial and economic data and our operating plans. They are inherently uncertain and investors must recognize that events and actual results could turn out to be significantly different from our expectations.
You should consider the following key factors when evaluating these forward-looking statements:
- fluctuations in worldwide prices and demand for natural gas and oil;
- fluctuations in levels of natural gas and crude oil exploration and development activities;
- fluctuations in the demand for our services;
- the existence of competitors, technological changes and developments in the oilfield services industry;
- the existence of operating risks inherent in the oilfield services industry;
- the existence of regulatory and legislative uncertainties;
- the possibility of changes in tax laws;
- the possibility of political instability, war or acts of terrorism in any of the countries in which we do business and;
- general economic conditions.
Our businesses depend, to a large degree, on the level of spending by oil and gas companies for exploration, development and production activities. Therefore, a sustained increase or decrease in the price of natural gas or oil, which could have a material impact on exploration and production activities, could also materially affect our financial position, results of operations and cash flows.
The above description of risks and uncertainties is by no means all inclusive, but is designed to highlight what we believe are important factors to consider.
Data from third party sources is provided as a convenience, for informational purposes only. Nabors Industries Ltd. does not guarantee the sequence, accuracy, timeliness or completeness of this data or other information appearing on these pages. Nabors assumes no liability for any inaccuracies, errors or omissions in or from any data or other information provided on these pages, or for any actions taken in reliance on any such data or information. Nabors Industries Ltd.'s financial statements and other reports filed with the Securities and Exchange Commission can be found under the "SEC Filings" section of this website.
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