Nabors Expands Its Board, Appointing Mr. William T. Comfort as a Director

    HAMILTON, Bermuda, Feb. 25 /CNW/ -- Nabors Industries Ltd. (NYSE:   NBR)
today announced that its Board of Directors voted to expand the board to eight
members from the current seven, and subsequently appointed Mr. William T.
Comfort to fill the newly created vacancy.  Mr. Comfort will join the board as
a Class III director which has a term through the Company's 2009 annual
    Mr. Comfort is currently the Chairman of Citigroup Venture Capital, a
position he has held since 1979.  Mr. Comfort joined Citicorp in 1973 and has
been Executive Director of Citicorp International Bank, Ltd. in London and
Head of Corporate Finance.  He received his B.A. and L.L.B. at the University
of Oklahoma and his L.L.M. at New York University.  Mr. Comfort is also a
Managing Partner & Chairman of the Investment Committee of Court Square
Capital, director of I-Flex Solutions and Deutsche Annington (DAIG). He is a
member of the Investment Committee for Citigroup Venture Capital
International, Citigroup Property Investors Europe & Sterling Square Europe.
He also serves on the boards of The John A. Hartford Foundation, NYU Law
School Foundation and The Trump Palace.
    The Nabors companies own and actively market a fleet of approximately 535
land drilling and approximately 737 land workover and well-servicing rigs in
North America.  Nabors' actively marketed offshore fleet consists of 41
platform rigs, 14 jack-up units and 4 barge rigs in the United States and
multiple international markets. In addition, Nabors manufactures top drives
and drilling instrumentation systems and provides comprehensive oilfield
hauling, engineering, civil construction, logistics and facilities
maintenance, and project management services. Nabors participates in most of
the significant oil, gas and geothermal markets in the world.
    For further information, please contact Dennis A. Smith, Director of
Corporate Development of Nabors Corporate Services, Inc. at 281-775-8038. To
request Investor Materials, call our corporate headquarters in Hamilton,
Bermuda at 441-292-1510 or via email at

For further information:

For further information: Dennis A. Smith, Director of Corporate 
Development, +1-281-775-8038, or investor materials, +1-441-292-1510,, both of Nabors

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