Nabors Industries Expands Board, Appoints Director

Nabors Industries announced that its Board of Directors voted to expand the board to eight members from the current seven and subsequently appointed John V. Lombardi to fill the newly created vacancy. Dr. Lombardi will join the Board as a Class I Director, which has a term through the Company's 2010 annual general meeting of shareholders. He was also appointed to each of the Audit, Compensation, and Governance and Nominating Committees of the Board.

Dr. Lombardi has been the President of the Louisiana State University System, where he also serves as a Professor of History, since 2007. Prior to joining LSU, Dr. Lombardi served as Chancellor and Professor of History of the University of Massachusetts Amherst from 2002 until 2007. He had previously served in various capacities, including President, Director of The Center for Measuring University Performance, and Professor of History, at the University of Florida from 1990 to 2002; Provost, Vice President for Academic Affairs, and Professor of History at The Johns Hopkins University from 1987 to 1990; and in various capacities, including Dean of the College of Arts and Sciences, Dean of International Programs, Director of the Latin American Studies Program, and Professor of History, at Indiana University from 1967 to 1987, where in addition he taught a course on international business. Dr. Lombardi serves on the Advisory Board of the Jay I. Kislak Foundation, Inc.; previously served on the Board of Directors of the Economic Development Council of Western Massachusetts, where he also served on the Executive Committee; and serves on the Executive Strategic Council of IMS Global Learning Consortium.  Dr. Lombardi has authored or co-authored numerous books and articles on a wide variety of topics, including measuring university performance, Latin American
history, and international business.

Gene Isenberg, Nabors Chairman and CEO, commented, "Dr. Lombardi brings a wealth of knowledge and experience to our Board. He has effectively served as the CEO and in other senior management capacities of several major universities. That management perspective, combined with his expertise in business in Latin America, complements and augments the already strong and
diverse qualifications of our other Board members."