1、PerspectivesNabors Industries Ltd.Annual Report 2002Perspectivesinvestornbr01I want to invest in a company that delivers good,long-term returns in all markets.$2,158,4552002$1,806,4682000$867,4691998457,8221996$317,4241994Stockholders EquityinvestorPerspective 1Nabors has remained consistently profi
2、table in every one of the energy industrys cycles,delivering a long-term average return on capitalthat is among the industrys best.nbr02-03investorPerspective 2Nabors has earned the trust of its investors and the credit markets by conservatively managing the Companys resources,investing in high-qual
3、ity assets when the timing is appropriate,and maintaining a strongbalance sheet and good access to low-cost capital.nbr04-05I want to investinacompany that keeps a close watchonmyinvestment.I want to invest in acompanythat can propel its earnings upwardwithoutexpending significant capital.investorPe
4、rspective 3A large fleet of well-equipped and strategicallylocated rigs with potential for significant increasesin utilization and pricing,positions the Companyto substantially improve profitability in a growingmarket with little or no investment.nbr06-07investorPerspective 4Nabors existing presence
5、 in most of the strategic oil and gas producing areas worldwide,coupled with a full range of available equipment,gives the Company competitive advantages,whether making acquisitions or deploying rigs.nbr08-09I want to invest in a company that can exploit a world of opportunities.I want to invest in
6、a companythat knows its customers time is money.investorPerspective 5Nabors provides the right rig with appropriate technologyand capable crews to efficiently and economically drill its customers wells,particularly those with a high degree of complexityor environmental sensitivity.nbr10-11Bottom lin