Nabors Industries Ltd. (NBR) 2007年年度报告「AMEX」.pdf

1、2007 Annual ReportNabors Industries Ltd.a different Animal2007 Annual ReportNabors Industries Ltd.a di i if f fferen n nt An n nimalta different Animala different Animal01Nabors is unique.Although we are sometimes perceived as being native to North America,we have carefully expanded our territory so

2、 that today we can be found in more than 30 countries and in every important oil and gas market.As a result,we can thrive regardless of the conditions in any one area.Thats what separates us from the panyadvantageimpacta different 02 to our shareholders,Despite a more than 30 percent reduction in op

3、erating income from our North American rig businesses,earnings per share from continuing operations for Nabors in 2007 declined by only five percent from our 2006 record high,displacing the previous second best year by nearly 70 percent.Clearly,our consolidated results are less susceptible to downtu

4、rns in North American activity than previous cycles which saw earnings retract by as much as 80 percent.This is a manifestation that Nabors is a different company,different from what we were previously and different from those companies which are perceived as our peers.How we are different is most v

5、isible in the competitive advantages we have been amassing for years.These include the size,type,quality and position of our fleet;the distribution and sophistication of our infrastructure;the cost economies inherent in our scale;the experience and capability of our human resources;and the magnitude

6、 of our financial resources.FLEET The Nabors fleet includes a wide range of options in style and depth capacity and is deployed in every important oil and gas market worldwide.We actively market 535 land drilling rigs,51 offshore rigs and 737 workover rigs in more than 30 countries,numbers unmatched