NABORS' MIDEAST RIG FLEET GROWS BY 150% IN 1991

Nabors Industries Inc., Houston, has increased its Middle East rig fleet to 20 from eight at the beginning of 1991. That follows the trend of exploration and development capital spending by North American operating companies away from North America. Nabors said while its current fleet of 63 land rigs in Canada and the U.S. Lower 48 have remained modestly profitable despite adverse market conditions, more than 90% of its operating and net profit flows from international and Alaskan operations.

Feb 24th, 1992
In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home