The company was founded in 1966 in as Pride Oilwell Service Company. In 1978, the company was acquired by Dekalb Corporation. In August 1988, the company was spun out as a . In 1996, the company acquired Quitral-Co. Saic, the largest drilling contractor in , for $140 million. It also acquired Forasol-Foramer. It also sold its land based operations.
[pdf] That’s what’s unfolding this week in Alaska, where a Shell drilling rig called the Kulluk broke free from a tow ship in stormy seas on New Year’s Eve before running aground on the southeast coast of Sitkalidak Island, near the larger island of Kodiak.
[pdf] Based on its 50-year history of successful operations in the closely regulated North Slope of Alaska, Nabors has designed, manufactured and operated specialized, high-specification rigs engineered for Arctic conditions.
[pdf] 
