Item 8.01 Other Events.
In a press release issued on July 13, 2009, Nabors Industries Ltd. (the "Company") announced that its second quarter results will include non-cash pre-tax charges of approximately $240 million. These charges primarily relate to approximately $178 million in impairments and reserves recorded for certain assets across multiple business units, and also include approximately $62 million related to the acceleration into the second quarter of the expensing of certain unvested stock grants issued in prior years. The Company has also tempered its full-year expectations for virtually all of its operations and now expects 2009 operating cash flow (EBITDA) to exceed $1.3 billion. The reductions in pre-tax income will generate a net tax benefit in the Company's US tax position significantly offsetting the impact to free cash flow from the moderated operating outlook. 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 July 13, 2009.

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