Nabors Industries Ltd.

Nabors Industries Ltd. Overview

Company Headquarters: Hamilton, Bermuda, UK

Founded: 1952

Workforce: ~15,000

Company Working: Nabors Industries Ltd is one of the leading global drilling rig (offshore and onshore) fleet providers. It offers directional drilling services, innovative technologies, and performance tools for itself and third parties. The company is well positioned in the competitive market with its seamlessly integrated downhole hardware, equipment, and software solutions, which are required for designing rigs. It offers a variety of software solutions to its clients for drilling data analytics, RigCLOUD platform, equipment condition monitoring software, fuel management, and directional drilling. Additionally, in the equipment segment, the company offers automated surface equipment, downhole tools, and automated floor systems. Its rig instrumentation software systems help enhance drilling performance and wellbore placement. Nabors Industries Ltd has smart drilling techniques, which provide benefits such as real-time monitoring, user-friendly interface design, intelligent alarms, synchronized top drive operating data, and integration with other downhole technologies for streamlined management. Its overall smart well systems include wiring, sensing, and decoding devices that are integrated with the value chain.

As a global player, the company is currently working with approximately 407 marketed rigs for land-based operations in the US and Canada and 23 other countries across the world. Nabors Industries Ltd. specializes in wellbore placement solutions and offers directional drilling and Measurement While Drilling (MWD) systems and services for clients all over the world.

Strategy

Nabors Industries Ltd focuses on offering high-value services for shareholders and investors by achieving better operational performance and providing a healthy and safe environment. Additionally, it is enhancing its technology and downhole drilling techniques to offer more specific products for well interventions. The company has been developing its portfolio of value-added services for its clients in the oil & gas industry. Its primary objective is to expand and improve its position in the global market and become a leading provider of technology and equipment in the upstream oil & gas industry. The company aims to generate high returns from its operations

Company Snapshot

$3,791.6M

Revenue

15,000

Employees

1952

Founded

Hamilton, Bermuda, UK

Headquarters

SWOT Analysis

Strengths

Strong financial position
High innovation and technological strengths
Wide range of products and services
Highly innovative and technologically strong

Weaknesses

Intense rivalry
Low investments in customer-oriented services
Increasing risk factor due to harsh environment
Striving in the cut throat competition

Opportunities

Expansion of manufacturing units and distributional network in Canada
Growing natural gas market worldwide
Growth in infrastructure, which will lead to the growth of oil & gas industry

Threats

Fluctuating oil prices
Environmental hazards can cause financial loss
Environmental hazards can cause financial losses
Economic instability worldwide

Key Developments

Date	Approach	Development
December 2017	Acquisition	Nabors Industries Ltd acquired Tesco Corporation, one of the largest land-based drilling rig fleets and provider of offshore platform rigs in the US and other key markets. With this acquisition, it is concentrating on enhancing its product portfolio.

Product Offering

Nabors Industries Ltd.
- Rigs

Financial Performance

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