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                                                                    Exhibit 15.1

August 14, 2002

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549

Commissioners:

We are aware that our report dated July 17, 2002, except for Note 11, as to
which the date is August 13, 2002, on our review of the interim consolidated
financial information of Nabors Industries Ltd. and its subsidiaries (the
"Company") as of and for the period ended June 30, 2002, and included in the
Company's quarterly report on Form 10-Q for the quarter then ended, is
incorporated by reference in the Company's registration statements on Form S-8
(Registration Numbers 333-76099-99, 333-96699, 333-92483-99, 333-91829-99,
333-91743-99, 333-87069-99, 333-86289-99, 333-76077-99, 333-45446-99 and
333-11313-99), on Form S-3 (Registration Numbers 333-81137, 333-44532,
333-59844, 333-91296-01 and 333-85228-99) and on Form S-4 (Registration Numbers
333-76198, 333-84781 and 333-72397).

Very truly yours,



PricewaterhouseCoopers LLP




