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                                                                    EXHIBIT 23.1


                       CONSENT OF INDEPENDENT ACCOUNTANTS


We hereby consent to the incorporation by reference in this Post-Effective
Amendment No. 1 to Registration Statement on Form S-8 (Registration Number
333-86289) of our report dated January 23, 2002, except for Note 16, as to which
the date is March 18, 2002, relating to the financial statements, which appears
in the 2001 Annual Report to Shareholders, which is incorporated by reference in
Nabors Industries, Inc.'s Annual Report on Form 10-K for the year ended December
31, 2001. We also consent to the incorporation by reference of our report dated
January 23, 2002 relating to the financial statement schedule, which appears in
such Annual Report on Form 10-K.

/s/ PRICEWATERHOUSECOOPERS LLP
PricewaterhouseCoopers LLP

Houston, Texas
June 24, 2002




