NABORS DRILLINGINTERNATIONAL LIMITED

General OverviewA presentation about the History, Competitive

Advantages, and World-Class advantages of NDIL

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Table of Contents1) An Overview of Nabors

a) A Global Companyb) Competitive Strategyc) Drilling Rigs for Romania

2) Performance Mindeda) Safety Performanceb) Rig Benchmarking Performancec) Downtime Analysisd) Number of Wells and Drilling Curvese) Live Data Capabilities

3) Good Corporate Citizena) Preference to use Local Talentb) Preference towards Local Vendors

4) Summary

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An Overview of Nabors Largest Drilling Contractor in the world Core business is Drilling/Service rigs as well as

associated equipment/services With operations in 25 countries and experience in

more than 50, Nabors is a Global Company Nabors draws upon acquired expertise, economies

of scale, financial strength, highly developed QMS programs and global access for its Competitive Strategy

Nabors has some of the Highest Technology Rigs in the world to serve the Romanian market

Overview: Nabors Acquisitions Westburne Group Loffland Brothers Henley Drilling Co. Canrig Grace Drilling Co. MND Drilling Sundowner Offshore Delta Drilling Exeter Drilling Noble land fleet Epoch Well-logging

November 1988February 1990November 1990June 1991June 1993April 1994October 1994January 1995March 1996November 1996December 1996

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Overview: Nabors Acquisitions Samson Rig Co, Chelsey

Pruett, Adcor-Nicklos Cleveland Veco and Diamond “L” Can-Tex & New Prospect MMI Bayard Pool Enserco Ryan Energy Technologies

April 1997

August 1997November 1997May 1998June 1998March 1999December 1999April 2002October 2002

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Overview: Nabors Then and Now (in thousands)

(in thousands) 1987 2005 2006 2007

Operating Revenues 33,000 3,551,000 4,942,714 4,940,681

Net Income ($21,000) 648,695 1,020,736 930,691

Worldwide Rig Count 45 1345 1512 1621

Worldwide Employment 1,250 21,000 24,000 26,000

Cash and Equivalent $6,000

More than $1,000MM

More than $2,000MM

More than $3,000MM

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Nabors’ Corporate Structure

Nabors Drilling USA Nabors Drilling Limited(Canada)

Nabors Well ServicesType Title Here

Nabors Drilling International Ltd.

Nabors Offshore Services Epoch

Peak Logistics Canrig Drilling Technologies

Nabors Alaska Drilling

Nabors Industries

Overview: A Global Company

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Overview: A Global Company

Nabors’ Fleet as of April 2008 4 Barge Rigs 12 Jack-Ups 35 Platform Rigs 535 Land Drilling Rigs 737 Workover Rigs

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Overview: Nabors Value Added Capabilities Top Drives, Rig Instrumentation

Well Servicing, Workover, Completions, Fluid Hauling and Disposal

Rig Moving and Oilfield Hauling

Refurbished and Upgraded Rigs

Single-Source for Any Type, Depth and Sophistication Level of Rig - Anywhere

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Overview: Competitive Strategy Acquired decades of

expertise from the world’s leading drilling contractors Most top executives from

these acquisitions still with Nabors

Over 26,000 Employees Economies of Scale

Worldwide Fleet of over 1,500+ Rigs

Preferential relationships with suppliers and vendors of main rig components

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Overview: Competitive Strategy continued… Financial Strength Revenues in excess of $5 billion USD annually Over $3 billion USD in cash for investment in

technological development and rig construction Member of the S&P 500

Global Access Tens of Millions of dollars worth of Capital

Spares and Equipment in Warehouses over the world

Worldwide EMS Team for immediate deployment

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Overview: Competitive Strategy continued…

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Quality

Benchmarking

Maintenance

Performance / Reporting

HSE

Training

Overview: Competitive Strategy continued…

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QMS – Quality Management System

All Quality Documents in the Company

HMSHouston

ManagementSystem

AMSArea

ManagementSystem

RMSRig

ManagementSystem

HSEMS

HSEMS

HSEMS

Performance Minded: Safety Tools

Proactive Job Safety Analysis Improvement in

Equipment Behavior Program

SMART Safety Meetings Training and Drills Rig Information Signs Emergency Response

Plans

Reactive TAPROOT Root- Cause

Analysis Incident

Reporting/Corrective Action Monthly HSE Report:

Benchmarking End of Well Reports Statistical/Performance

Reports

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Performance Minded: Benchmarking In House initiative with full commitment

from Management

Designed to provide tangible measure of compliance to NDIL Systems

Assess continual improvement efforts in place

Features HSE, Operational, Reporting, Maintenance, Quality, and

Training indicators

Published monthly throughout the organization

High visibility drives compliance to Management Systems

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PERFORMANCE DRILLING- RIGSITE MANAGEMENT

• How is Rig Time Spent?

• Identify Big Problems First

• Work on Critical Path

• Quality Assurance ProgramDRILLING TRIPPING CASING

NU BOPS FLAT TIME

Performance Minded: World Class Maintenance Program

Standard Fleet Wide Maintenance Programs (RCM)

Established equipment rotation programs

Well Control Equipment Certification Program (including Third Party

inspections and complete rebuilt to “as new” condition every three

years)

Maintenance of Strategic Spare Parts Warehouses, based on

international experience

Fully equipped bases to support operations

Third-Party certification program

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Good Corporate Citizen -Training Focus on the development of local employees

versus expatriate labor Training facilities worldwide with particular focus to

Oman center Preference to local vendors

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Good Corporate Citizen: Training continued… Self sufficient training

center with 30 man camp

Recreation facilities for trainees

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Good Corporate Citizen: Training Fully functional Canrig

Top Drive System for “Hands On” Training

CAT Engine with troubleshoot tools

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Good Corporate Citizen: Training continued… SCR Module to

simulate common SCR problems that employees will face on the rigs

Mud Logging system, Baylor brake control, MCC and Fire Gas System

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Good Corporate Citizen: Training continued… Mechanical training

room for breakdown of equipment under instructor supervision

Classroom training for safety and preventative maintenance

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Good Corporate Citizen: Training continued… PACE 1500HP Drilling

Simulator with Well Control features Simulates kicks and

other drilling challenges Representative of the

“Cyber Chair” on the actual rig

Electronic touch screen controls for BOP

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Good Corporate Citizen: Training continued…

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Overview: General Characteristics of Nabors Rigs

Designed to move fast Designed to minimize flat

time Designed to work in any

environment All rigs are “plug and play” Adjustments or changes to

configurations are easily made

Adaptable to traditional or pad drilling

Safe and Efficient

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Overview: Drilling Rigs with Potential Application in XXX continued…

Loadmaster Big Easy 550 Basic Specs Loadmaster 1000HP Drawworks VFD Controlled AC Motor

550 Kip Static Hookload 2 x 1600HP Triplex Mud Pumps Automatic Driller

Fast Moving

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Overview: Drilling Rigs with Potential Application in XXX continued…

Programmable A/C Electric (“PACE”) Rigs 3000, 2000, 1500, 1000

& 750HP Rigs Fast Moving, Fast Rig

Up/Down Can utilize A/C or D/C

Drawworks Self – elevating

structure moves in three loads

Value added equipment Canrig TDS BOP Handling System Rotating Mousehole Iron Roughneck Air powered Slips Automated Catwalk

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Performance Minded: Live Data Capabilities

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Summary Largest and most prolific drilling contractor in the

world Decades of experience in desert environments Largest financial, logistical and support services Value added capabilities such as Canrig and

Epoch Highly trained and experienced crews World Class management systems Proactive approach towards our customers’ needs Focus on developing local talent

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General OverviewTable of ContentsAn Overview of NaborsOverview: Nabors Acquisitions Overview: Nabors AcquisitionsOverview: Nabors Then and Now (in thousands)Nabors’ Corporate StructureOverview: A Global CompanyOverview: A Global CompanyOverview: Nabors Value Added CapabilitiesOverview: Competitive StrategyOverview: Competitive Strategy continued…Overview: Competitive Strategy continued…Overview: Competitive Strategy continued…Performance Minded: Safety ToolsPerformance Minded: BenchmarkingPerformance Minded: World Class Maintenance ProgramGood Corporate Citizen - TrainingGood Corporate Citizen: Training continued…Good Corporate Citizen: TrainingGood Corporate Citizen: Training continued…Good Corporate Citizen: Training continued…Good Corporate Citizen: Training continued…Good Corporate Citizen: Training continued…Overview: General Characteristics of Nabors RigsOverview: Drilling Rigs with Potential Application in XXX continued…Overview: Drilling Rigs with Potential Application in XXX continued…Performance Minded: Live Data CapabilitiesSummary