Nabors

Name

Nabors

Legal name

Nabors Industries Ltd.

Website

https://nabors.com

Company type

Public

Founded year

1952

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Oilfield Drilling Services

NAICS

Drilling Oil and Gas Wells (213111), Oil and Gas Field Machinery and Equipment Manufacturing (333132), Support Activities for Mining (213), Mining and Oil and Gas Field Machinery Manufacturing (33313)

SIC

Drilling Oil & Gas Wells (1381), Oil & Gas Field Machinery & Equipment (3533), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Drilling & Workover Rigs (Land & Offshore) (EUALABAA)

akta.pro secondary industries

Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment) (EUALABAL), Completion Tools & Subsurface Equipment (Packers, Liners, Valves, Sand Control) (EUALABAD), Geothermal Drilling & Well Construction (Production/Injection, Directional, Well Services) (EUAMAEAB)

Keywords

• Land drilling services
• Offshore drilling rigs
• Drilling automation software
• Directional drilling services
• Managed pressure drilling

Headquarters

HQ city

Hamilton

HQ country

Bermuda

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Contract Drilling Services: Dayrate-based contracts for automated land drilling rigs (PACE series) and offshore platform rigs. Revenue based on daily rental rates for rigs and associated equipment.
2. Drilling Solutions Services: Directional drilling automation, managed pressure drilling (MPD), tubular running services, and other well services. Complementary services sold alongside rig contracts.
3. Rig Equipment and Technology Sales: Sale of drilling automation equipment, top drives, and proprietary technology solutions to other drilling contractors through Canrig subsidiary.
4. Software and Digital Services: RigCLOUD platform and analytics services for digital operations, emissions reporting, and remote monitoring.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Nabors provides land and offshore drilling rigs and the drilling services performed with them, plus proprietary drilling-automation software, directional-drilling, managed-pressure-drilling, and tubular-running services to oil and gas operators worldwide. Through its Canrig subsidiary it also designs and manufactures rig equipment such as top drives, and it is applying its rig fleet and drilling know-how to deliver geothermal drilling solutions.

Product overview

Nabors is a provider of land drilling rigs and well services for the oil and gas sector, offering a comprehensive portfolio of automated drilling solutions. The company's product architecture is organized around three main pillars: (1) Core Rig Fleet - Nabors SmartRigs (PACE-R, PACE-M, PACE-X, PACE-S, PACE-B, PACE-F) representing one of the world's youngest and most advanced land drilling fleets, plus offshore rigs (MASE, MODS, SunDowner); (2) Smart Suite Automation Platform - integrated drilling automation products including SmartROS (rig operating system), SmartDRILL (process automation), SmartPLAN (workflow management), SmartSLIDE and SmartNAV (directional automation), ROCKit and REVit (vibration/steering control), and Predictive Drilling (AI/ML-based ROP optimizer); (3) Digital Operations - RigCLOUD instrumentation, analytics, and automation, supported by Rigline 24/7 remote support; (4) Drilling Solutions - Blue Force directional services (motors, MWD, LWD tools including FracView, SpectraView, DrillView, DeepView), Integra Managed Pressure Drilling and Tubular Running Services; (5) Energy Transition - Hybrid Energy Management System (hEMS), rig electrification, geothermal solutions through partnerships. The company operates across North America, Middle East, and other hydrocarbon basins.

Differentiator

Problem solved

Functional benefit

Products and services

• PACE-Series Land Drilling Rigs High-spec, automated land drilling rigs operated by Nabors crews for oil and gas operators worldwide; designed to deliver faster drilling, improved safety, and consistent performance on complex horizontal and extended-reach wells.
• Offshore Drilling Rigs and Services Offshore drilling rigs and the associated drilling services performed with them, provided to oil and gas operators for offshore exploration and development drilling.
• Smart Suite Drilling-Automation Platform Suite of drilling-automation software modules (including SmartROS, SmartDRILL, SmartSLIDE, and SmartCLOUD) that automate drilling processes, optimize drilling parameters in real time, and improve drilling consistency on Nabors and third-party rigs.
• RigCLOUD Digital Operations Platform Cloud-based digital operations platform that aggregates rig telemetry, drilling data, and analytics to give operators and Nabors real-time visibility into drilling performance across a fleet.
• Blue Force Directional Drilling Services Directional drilling and downhole navigation services delivered by Nabors to oil and gas operators, supporting precise wellbore placement in conventional and unconventional wells.
• Integra Managed Pressure Drilling Managed pressure drilling (MPD) and underbalanced drilling services that allow precise control of wellbore pressure during drilling, used on complex and unconventional wells where conventional drilling methods pose risks.
• Tubular Running Services Tubular running services for the safe and efficient handling and installation of casing, tubing, and other downhole strings during well construction.
• Hybrid Energy Management System (hEMS) Hybrid energy system combining battery storage with conventional diesel power generation on drilling rigs to reduce fuel consumption, lower emissions, and improve energy efficiency during drilling operations.
• Geothermal Drilling Solutions Drilling services, rigs, and expertise applied to deep, high-temperature geothermal wells, allowing Nabors to serve the geothermal energy market using its existing rig fleet and drilling know-how.
• Canrig Rig Equipment Capital equipment manufactured by Nabors' Canrig subsidiary — including top drives, drawworks, control systems, and rig instrumentation — sold to third-party drilling contractors and operators worldwide.
• Rigline 24/7 Support Services

Quantifiable outcome

• 36% increase in average ROP with Predictive Drilling solution
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability3 records

Feature7 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• CorvacoreStrategic or Co-development PartnerNabors and Corva joined forces to provide a first-of-its-kind digital and automation offering to the global drilling industry. By integrating Corva's App Store and Dev Center with Nabors' SmartROS and RigCLOUD platforms, the companies combined AI and rig automation to drive greater drilling efficiencies. The partnership delivered Predictive Drilling, achieving 36% ROP increase and 9.7% vibration reduction.
• GA DrillingminorStrategic or Co-development PartnerNabors participated in GA Drilling's $44.1 million investment package to advance its NexTitan drilling tool to commercial validation. GA Drilling is commercializing technologies to enable geothermal drilling anywhere globally.
• Quaise EnergyminorStrategic or Co-development PartnerPartnership for novel millimeter wave drilling systems to harness geothermal energy. Nabors provided facility in Houston for Quaise to demonstrate its technology in May 2025.
• Sage GeosystemsminorStrategic or Co-development PartnerPartnership to advance deployment of supercritical CO2 based geothermal systems globally. Sage Geosystems is advancing pressure geothermal solutions for baseload power generation.
• Ignis H2 EnergyminorStrategic or Co-development PartnerPartnership with Ignis H2 Energy striving to develop affordable, reliable, and sustainable baseload geothermal energy.
• HephaeminorStrategic or Co-development PartnerPartnership to commercialize technologies pushing temperature limits of electronics and sensors for drilling applications.
• MindMeshcoreTechnology or IntegrationAcquired by Nabors in January 2023. MindMesh specialized in digital twin and modeling technologies for drilling operations. Integration aims to enhance real-time predictive analytics, automation, and digitalization capabilities with plans to integrate MindMesh's RiMo platform into Nabors' existing systems.

Scale indicators12 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Helmerich & Payne: Largest U.S. land drilling contractor operating the FlexRig fleet of high-spec AC rigs. Closely comparable to Nabors on land rig dayrate business, U.S. shale exposure, and the shift toward automation and super-spec rigs.
• Precision Drilling: Canadian-based land drilling contractor with a large high-spec rig fleet across North America and the Middle East. Direct overlap with Nabors on dayrate-based contracts, super-spec rigs, and international expansion.
• Patterson-UTI Energy: U.S. land driller combining drilling rigs, pressure pumping, and directional drilling services. Comparable business mix and U.S. shale customer base, with overlapping directional/automation technology offerings.
• Transocean: Offshore ultra-deepwater drilling contractor with a fleet of harsh-environment rigs. Comparable to Nabors' offshore platform rigs (MASE, MODS, SunDowner) and similar dayrate-based, capital-intensive business model.
• Valaris Limited: Offshore drilling contractor operating both floaters and jackups globally. Comparable to Nabors on offshore rig services, capital intensity, and customer base of international oil companies and national oil companies.
• Borr Drilling: Pure-play jackup rig contractor focused on international shallow-water drilling. Compares to Nabors on rig dayrate economics, international customer base, and modern fleet positioning.

Broad incumbents

• SLB (Schlumberger): Largest oilfield services incumbent with a broad portfolio across drilling, completions, production, and digital. Partners with Nabors on drilling automation (directional drilling technology advancement) and competes in drilling services via its drilling tools and bits business.
• Halliburton: Major oilfield services incumbent active across drilling, completions, and digital solutions (iCruise, DecisionSpace). Overlaps with Nabors on drilling-related services and digital automation for operators.
• Baker Hughes: Diversified oilfield services and industrial energy technology company. Comparable on drilling services, well construction, and digital oilfield platforms that compete with Nabors' RigCLOUD and Smart Suite.

Emerging players

• Corva: Energy-focused AI and drilling optimization platform; strategic partner of Nabors integrating its App Store and Dev Center with SmartROS and RigCLOUD. Closely tied to Nabors through the Predictive Drilling (ROP Optimizer) co-development and commercial relationship.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/naborsglobal
• YouTubeyoutube.com/channel/UCSnFXeJD_dbltuvS3A4C8lg
• Facebookfacebook.com/NaborsGlobal
• LinkedInlinkedin.com/company/nabors-industries

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries8 records

Funding overview

Funding rounds8 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Investments16 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nabors