Webcast Alert: Nabors Industries Ltd. Invites You to Join Its Fourth Q

    Business Editors

    HOUSTON--(BUSINESS WIRE)--Jan. 14, 2005--In conjunction with Nabors Industries Ltd. (AMEX:NBR) Fourth Quarter Earnings, you are invited to listen to a conference call that will be broadcast live over the Internet on February 1, at 10:00 a.m. Central Time that will be hosted by Eugene Isenberg -- CEO & Chairman of the Company.

What: Nabors Industries Ltd. Fourth Quarter Earnings Conference Call

When: February 1, 2005 at 10:00 a.m. Central

Where: http://www.nabors.com

How: Simply log on http://www.nabors.com under "Investor Information", then click on "Events Calendar".

    Nabors is the largest land drilling contractor in the world, with almost 600 land drilling rigs. Nabors conducts oil, gas and geothermal land drilling operations in the U.S. lower 48 states, Alaska and Canada, and elsewhere, primarily in South and Central America, the Middle East and Africa. Nabors is also one of the largest land well-servicing and workover contractors in the United States and Canada. Nabors owns approximately 700 land workover and well- servicing rigs in certain other markets, including 210 rigs in Canada. Nabors also is a leading provider of offshore platform workover and drilling rigs. Nabors markets 44 platform, 19 jackup and three barge rigs in the Gulf of Mexico and other markets. These rigs provide well-servicing, workover and drilling services. To further supplement its primary business, Nabors offers a number of ancillary well-site services, including oilfield management, engineering, transportation, construction, maintenance, well logging and other support services, in selected domestic and international markets.

    Nabors Industries Ltd. stock is listed on the American Stock Exchange (NBR). For further information, please contact Dennis A. Smith, Director of Corporate Development at Nabors Corporate Services, Inc. (281) 775-8038. To request Investor Materials, call our corporate headquarters in St. Michael, Barbados at (246) 421-9471 or via email at dan.mclachlin@nabors.com . Alternatively, you may contact Angela Ridgell at Nabors Corporate Services at (281) 775-8063.

    The call will be archived on the Web site http://www.nabors.com. (Minimum Requirements to listen to broadcast: The WindowsMedia Player software, downloadable free from http://windowsmedia.com/MediaGuide/Home , and at least a 28.8Kbps connection to the Internet.)

--30--JC/cg*

CONTACT: Dennis A. Smith, 281-775-8038 or Angela Ridgell, 281-775-8063

KEYWORD: TEXAS INDUSTRY KEYWORD: OIL/GAS ENVIRONMENT MINING/METALS ENERGY EARNINGS CONFERENCE CALLS SOURCE: Nabors Industries Ltd.

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