Nabors Industries Ltd. (NBR) 2014年年度报告「AMEX」.pdf

1、Es3entialsFor Performance2014 ANNUAL REPORT123Throughout 2014,Nabors successfully delivered on a transformational strategy to become the industrys largest pure-play land driller with competitively advantaged technologies and leading operational performance.We continued initiatives to further streaml

2、ine business operations and enhance long-term shareholder value.These actions enabled us to manage the initial effects of the weakening environment during the latter part of the year,resulting in sequential improvements in our drilling operations,improved financial liquidity and an enhanced competit

3、ive position as a high-performance driller.When the upturn occurs,we intend to emerge with drilling solutions that position Nabors as the clear driller of choice.In the meantime,we will continue to focus on three strategic priorities that always have been and we believe always will be essential to o

4、ur long-term success:Capital EfficiencyInnovative Drilling TechnologiesOperational ExcellenceIn 2014,we focused on efforts to balance current market pricing and utilization,while adjusting our cost structure and capital budget as necessary.We remain committed to our strategy of refocusing on our cor

5、e operations and improving the return on capital employed.Meaningfully reduced the construction cost of the PACE-X rig after refining the design and procurement practices supporting the newbuild program$1.9BSignificant reinvestment of capital into global expansion and enhancement over the past sever

6、al years 2.2x/9.8xMaintained solid financial position with leverage of 2.2x and coverage of 9.8xInnovation is at the core of our collective aspiration to advance Nabors position as a leader in theindustry.We will continue to chart new territory by developing innovative technologies that serve new ma