Item 8.01 Other Events.
In a press release issued on October 1, 2008, Nabors Industries Ltd. announced that, notwithstanding higher than expected Adjusted Income Derived from Operating Activities (operating income) for the third quarter of 2008, it will incur significant charges in its Investment Income and Other Expense items as well as a tax rate adjustment for an expected higher full-year effective tax rate, all of which will adversely impact Net Income and Earnings Per Share. The aggregate impact is expected to approximate $0.18 per diluted share which will be slightly offset by a $0.01 per diluted share gain resulting from a lower share count. This should result in reported quarterly earnings of between $0.65 and $0.68 per diluted share. A copy of the press release is attached hereto as Exhibit 99.1, is incorporated herein by reference, and is hereby filed. Item 9.01 Financial Statements and Exhibits.

(d) Exhibits Exhibit No. Document Description 99.1 Press Release issued by Nabors Industries Ltd. on October 1, 2008.

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