Nabors Drilling International Limited. Introduction to Nabors Drilling International Limited

Nabors Drilling International Limited Introduction to Nabors Drilling International Limited Nabors International Vision Statement “To be the prefe...
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Nabors Drilling International Limited

Introduction to Nabors Drilling International Limited

Nabors International Vision Statement

“To be the preferred service provider in the drilling industry and deliver value to our customers and shareholders through world class leadership.”

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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 Libyan market

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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 1988 February 1990 November 1990 June 1991 June 1993 April 1994 October 1994 January 1995 March 1996 November 1996 December 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 1997 November 1997 May 1998 June 1998 March 1999 December 1999 April 2002 October 2002

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Nabors then and now…

1987

2008

$33 Million

$5.28 Billion

($21 Million)

$551 Million

($5.90)

$1.93

45

1291

Workover Rigs

8

763

Drilling Rigs

37

528

1,250

26,000

Market Capitalization

$35 Million

$5.52 Billion

Shareholders Equity

($27 Million)

$4.6 Billion

$6 Million

$1.11 Billion

Global Revenue Net Income Earnings Per Share Worldwide Land Rig Count

Worldwide Employment

Cash & Equivalent

Incorporated into S&P 500 Index in October 2000

Nabors’ Corporate Structure

Nabors Industries

Nabors Drilling USA

Nabors Drilling Limited (Canada)

Nabors Well Services Type Title Here

Nabors Drilling International Ltd.

Nabors Offshore Services

Epoch

Peak Logistics

Canrig Drilling Technologies

Nabors Alaska Drilling

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Overview: A Global Company

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Globally Positioned Portfolio of High-End 9 Assets

763 LAND WORKOVER RIGS

534 LAND DRILLING RIGS

13 JACK-UPS > 8 Drilling > 5 Workover

3 BARGE

39 PLATFORM RIGS > 23 Workover/ReDrilling > 14 Drilling

RIGS DRILLING INSTRUMENTATION

TOP DRIVE MANUFACTURING

OILFIELD SERVICES

People – The Foundation of Every Company

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“Our Goal is to develop Drilling Professionals, not just rig crews.” > These Drilling Professionals are the future of NDIL • Management development • The NDIL ambassadors to the world market

> Employees come to us because • Focus on safety • We train our people – Technical – Soft skills training • Opportunities for growth • Cross company transfers

> We have built a diverse workforce • 45 nationalities currently employed by Nabors International

People – Training Matrix



Indicates the required training for that position.



Stuck Pipe Training is available and given at the request of the Area Manager or Operator.



Required if the assigned rig has this equipment.

«

New Employee Orientation as per HSE-WI-18.0 in the HSE-MS manual.

«

Well Control Training is IADC WellCap unless otherwise specified by Operator or approved by Training Manager.

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People – Engineering Expertise

Nabors Drilling International Limited Equation for success

Engineering experience and expertise in rig enhancement + High quality assets + Strategic Acquisitions

> This experience allows us to develop our assets to their maximum potential, without over leveraging the company > Nabors is able to engineer the equipment so it is safe to operate – safety system are part of the rig > Nabors engineering projects • • • • •

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FDPSO MASE and Mini MASE Sundowner Series MODS Leap Frog

> The engineering expertise enables us to find new ways of improving our customers drilling programs

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People – Performance Culture > Developing a performance “culture” requires • Benchmarking – look for performance patterns • Knowledge capture

Benchmarking: measure how we are doing

Knowledge capture in lessons learned and processes

• Communicate the knowledge • Put the knowledge in to action • Check the “Benchmarks” and start the process again.

> The performance “culture” is supported by our business management systems.

Foster change management and put into action

Training to spread the word

Management Systems

> Based upon ISO 9001:2000 International Quality Standard • Represents every aspect of how we conducted business

> Considered our “Recipe For Success”; Our strategy! • Provides standards and guidelines for operations and defines each employee’s role

> Allows Nabors to quickly adjust to our customer’s ever evolving needs > Continually improved to ensure effectiveness

“Safety and Quality assurance is built into each step”

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Systems – Business Management

QMS – Quality Management System The system we use to guide our management

HMS

AMS

RMS

Houston Management System

Area Management System

Rig Management System

HSE MS

HSE MS

HSE MS

Documents Relevant to Houston Office

Documents Relevant to Area Office

Documents Relevant to Rig Site

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Assets – Broad Service Capabilities

Oilfield Logistics and Facilities

Drilling Instrumentation and Measurements

Drilling And Workover Rigs

Rig Refurbishment and Construction

Rig Component Manufacturing

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 z Loadmaster 1000HP Drawworks z 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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Examples of Innovative New Rig Designs

> FDPSO (Floating Drilling Production Storage Offloading) > Mini MASE (Minimum Area SelfElevating Rig) Platform Rig • Designed to work on very small platforms

> MODS (Modular Offshore Dynamics Series) platform rig • Deepwater SPAR & TLP platforms

> Millennium Workover Rig • New generation 500 horsepower workover rig

> PACE II Land Drilling System • Latest generation land rig • Fastest moving rigs in their class • Greater flexibility • Nabors equity partner in manufacturing facility

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Offshore - Mini MASE Rig > Modular design > Engineered to match customer needs • Compact to fit on small platforms • Highly efficient drilling system – Top drive – PLC controls – Greater hydraulic horsepower • Fast rig moves between platforms

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Offshore - MODS Rig

> MODS (Modular Offshore Dynamic Series) –A/C drives based on Commander class drilling rig design • PLC controls provide extra safety features to protect crews and equipment

> Capable of rigging up on conventional platforms, TLPs and Spars

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Nabors International