HOUSTON, Jan. 13 /PRNewswire-FirstCall/ -- 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 Thursday, January 30, at 11:00 a.m. Eastern Time that will be hosted by Eugene Isenberg -- CEO & Chairman of the Company.

     What:     Nabors Industries Ltd. Fourth Quarter Earnings Conference Call

     When:     Thursday, January 30, 2003 at 11:00 a.m. Eastern

     Where:    http://www.firstcallevents.com/service/ajwz372283890gf12.html

     How:      Simply log on www.nabors.com under "Investor Information," or
               link to the event URL above

The Nabors companies own and operate almost 600 land drilling and 933 land workover and well-servicing rigs worldwide. Offshore, Nabors operates 44 platforms, 17 jack-ups, and three barge rigs in the domestic and international markets. Nabors markets 30 marine transportation and support vessels, primarily in the US Gulf of Mexico. 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.

Nabors Industries Ltd. stock is listed on the American Stock Exchange (NBR). For further information, please contact Dennis A. Smith, Director of Corporate Development, Nabors Corporate Services, Inc. at (281) 775-8038; to request Investor Materials, call Angela Ridgell at (281) 775-8063.

The call will be archived on the Web site www.nabors.com . The call will also be archived at www.prnewswire.com .

(Minimum Requirements to listen to broadcast: The Windows Media Player software, downloadable free from http://www.microsoft.com/windows/windowsmedia/EN/default.asp , and at least a 28.8 Kbps connection to the Internet. If you experience problems listening to the broadcast, send an email to webcastsupport@tfprn.com .)

SOURCE Nabors Industries Ltd.