UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 30, 2003
NABORS INDUSTRIES LTD.
(Exact name of registrant as specified in its charter)
Bermuda 000-49887 980363970
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
2nd Fl. International Trading Centre
Warrens
PO Box 905E
St. Michael, Barbados N/A
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (246) 421-9471
N/A
(Former name or former address, if changed since last report)
EXPLANATORY NOTE
Nabors Industries Ltd. is filing this Current Report on Form 8-K/A to
correct typographical errors in our segment reporting table from those included
in the Current Report on Form 8-K filed on January 30, 2003 (the "Original
8-K"). This Current Report on Form 8-K/A amends, restates and supercedes the
Original 8-K in its entirety.
The amounts reported for Operating revenues and Earnings from
unconsolidated affiliates for our U.S. Land Drilling segment have been reduced
from the amounts previously reported by $238,000 and $971,000 for the three and
twelve months ended December 31, 2001, respectively. These reductions are offset
by increases in Operating revenues and Earnings from unconsolidated affiliates
for our Manufacturing and logistics segment of the same amounts.
The amount reported for Cash flow derived from operating activities for
our Canadian land drilling segment has been increased from the amount previously
reported by $3.4 million for the twelve months ended December 31, 2001. This
reduction is offset by a reduction in Cash flow derived from operating
activities for our Other segment of the same amount.
These revisions had no impact on our consolidated Operating revenues
and Earnings from unconsolidated affiliates, or Cash flow derived from operating
activities.
ITEM 5. OTHER EVENTS.
On January 30, 2003, Nabors Industries Ltd. issued a press release
announcing the results of its fourth quarter and full year 2002. A
copy of the press release is filed as an exhibit to this report
and is incorporated in this report by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(c) Exhibits
Exhibit No. Description
----------- -----------
99.1 Press Release of Nabors Industries Ltd.
dated January 30, 2003
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Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
NABORS INDUSTRIES LTD.
Date: January 31, 2003 By: /s/ Daniel McLachlin
--------------------------------
Daniel McLachlin
Vice President
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EXHIBIT INDEX
Exhibit No. Description
----------- -----------
99.1 Press Release of Nabors Industries Ltd. dated January 30, 2003.
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