1、N A B O R S I N D U S T R I E S LT D.2 0 1 6 A N N U A L R E P O R T2 0 1 6 A N N U A L R E P O R TB U I L D I N G T H E P I E C E S F O R A N E W B U S I N E S S M O D E L Through predecessors and acquired entities,Nabors has been continuously operating in the drilling sector since the early 1900s.
2、Today,Nabors owns and operates the worlds largest onshore drilling rig fleet and is a leading provider of offshore platform drilling rigs in the United States and multiple international markets.Nabors also provides advanced wellbore placement services,drilling software and performance tools,drilling
3、 equipment and innovative technologies throughout the worlds most significant oil and gas markets.ABOUT NABORSSince its founding in 1952,Nabors Industries(NYSE:NBR)has grown from a regional land drilling business in Canada to the worlds largest land drilling contractor.In todays performance-driven e
4、nvironment,we believe we are uniquely positioned because of the steps we have taken to seamlessly integrate downhole hardware,surface equipment and software solutions into our AC rig designs.Leveraging our advanced drilling automation capabilities,Nabors highly skilled workforce continues to set new
5、 standards for operational excellence and transform our industry.1 AnnouncedthesigningofajointventureagreementwithSaudiArabianDevelopmentCompany,awholly-ownedsubsidiaryofSaudiArabianOilCompany,toforma50:50jointventurethatstrengthensourpositioninSaudiArabia;Enhancedourcompetitivepositionwiththedeploy
6、mentofournewRigtelligentmodular-codeoperatingsystemonallnew-buildrigsandtheintroductionofadvancedrigdesignsemphasizingautomationofthedrillingfloor,downholemeasurementandsensingtools,andseamlessintegrationwithrigoperations;Achievedareductioninnetdebtofover$100millionthroughstrongcashflowgenerationino