1、2 0 1 7 A N N U A L R E P O R TREDEFINING THE WAY WELLS ARE DRILLEDNew technology is changing how we drill wells,with automated equipment and downhole tools that drill more accurately in record time.These technologies increase safety,boost wellbore productivity and improve efficiency more than ever
2、before.With an integrated product portfolio of innovative drilling rigs,downhole tools,surface equipment and performance software,Nabors is redefining the industry.We know what it takes to continually improve the drilling process.Using innovative software and advanced wellbore placement tools,we are
3、 leveraging the rig as a platform for remote monitoring and the integration of services to expand the possibilities of drilling automation and analytics.The new era of drilling is here today.Successfully completed the acquisition of Tesco Corporation in an all-stock transaction valued at approximate
4、ly$180 million Commenced operations of SANAD,our onshore drilling joint venture with Saudi Aramco in Saudi Arabia Acquired Robotic Drilling Systems AS,a provider of automated tubular and tool handling equipment for the onshore and offshore drilling markets Experienced a 63%increase in the average nu
5、mber of rigs working in the U.S.Drilling segment during 2017,as compared to 2016,as average daily margins increased from$4,484 in the first quarter of 2017 to$6,444 during the fourth quarter of 2017 Achieved$50 million annual run-rate target for Nabors Drilling Solutions(NDS),increasing NDS adjusted
6、 EBITDA*to approximately$12.6 million during the fourth quarter of 2017,as compared to$2.27 million in the fourth quarter of 2016*Adjusted EBITDA is computed by subtracting the sum of direct costs,general and administrative expenses and research and engineering expenses from operating revenues.Adjus