Nabors Industries Ltd., founded in 1968 as
Anglo Energy, Ltd. (former
AMEX symbol: AEL), and currently based in
Hamilton, Bermuda, is an
S&P 500 oil,
natural gas and
geothermal drilling contractor operating on land throughout the
Americas, the
Middle East, the
Far East, and
Africa. It also performs
onshore well-servicing in
North America, and provides rigs for offshore
oil platform workover, and also for offshore
drilling rig servicing. The company provides many support services for both offshore and onshore
oil drilling and for well-servicing operations. The company has a
charter fleet of 29
marine vessels for offshore operations. It also makes top
drilling drives,
directional drilling systems, equipment for rig instrumentation and for data collection, equipment for drill pipe handling, and software for rig reporting. As of 2006, the company owned 610 land workover and well-servicing rigs in the United States, and 190 rigs in Canada, as well as 48 oil platform rigs, 19
jackup barge rigs, and 5
barge rigs.