Nabors Expands International Reach With Venezuela Drilling Contract

Impact · against what's priced in

Nabors' return to Venezuela via a multiyear contract is a positive catalyst as it converts idle capacity into revenue without requiring new capital expenditure. The identification of further international opportunities provides a diversification hedge against U.S. shale volatility for 2027.

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In context

The company is utilizing an idle U.S. rig for a multiyear Venezuelan contract starting in early 2027, avoiding new CAPEX while tracking 20 additional leads in-country and 80 others internationally.

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• oil
• NBR
• contracts
• drilling
• energy services
• venezuela

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