Nabors Industries has become the largest land-based drilling contractor in the United States, as well as throughout the world. After cutting its teeth in some of the harshest conditions on the planet, Nabors Industries has parlayed that knowledge and expertise into something even bigger. Nabors Industries has become the nation’s go-to drilling contractor for all aspects of drilling operations in the nation’s unconventional oil plays.
All of this was made possible by the strong vision and leadership of Tony Petrello, one of the most talented CEOs in the oil industry today. After having been brought on board in 1991, after Nabors Industries’ chapter 11 bankruptcy, Petrello went on to lead the company to more than 25 years of brilliant performance and high levels of productivity.
But it all started way back in the late 1950s, with Nabors Industries’ formation as a drilling corporation formed for the sole purpose of exploiting the oil resources on Alaska’s North Slope. As one of the key initially players in the exploitation of the Prudhoe Bay oil reserves, Nabors Industries proved itself as a company with serious capacity, able to go where no one else could and do what no one else would.
The company then went on to service wells in some of the harshest desert climates on the face of the planet. With major clients in Yemen, Nabors Industries was one of the first U.S. companies to drill for oil on the Arabian Peninsula. Operating in desert environments, where virtually no rain falls all year round and where temperature is routinely exceed 120 degrees Fahrenheit, the company quickly gained the most extensive expertise of any operator in the world. With the ability to drill sites where temperatures were below negative 100 degrees Fahrenheit to sites, on the opposite end of the climatic spectrum, where the temperatures routinely exceeded positive 100 degrees Fahrenheit, Nabors Industries could keep the equipment operating efficiently and at high levels of productivity.