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                                                                    EXHIBIT 99.2

    STATEMENT UNDER OATH OF PRINCIPAL FINANCIAL OFFICER REGARDING FACTS AND
                 CIRCUMSTANCES RELATING TO EXCHANGE ACT FILINGS

I, Bruce P. Koch, Vice President-Finance and principal financial officer of
Nabors Industries Ltd., state and attest that:

     (1) To the best of my knowledge, based upon a review of the covered reports
     of Nabors Industries Ltd. (the "Company"), and, except as corrected or
     supplemented in a subsequent covered report:

          o    no covered report contained an untrue statement of a material
               fact as of the end of the period covered by such report (or in
               the case of a report on Form 8-K or definitive proxy materials,
               as of the date on which it was filed); and

          o    no covered report omitted to state a material fact necessary to
               make the statements in the covered report, in light of the
               circumstances under which they were made, not misleading as of
               the end of the period covered by such report (or in the case of a
               report on Form 8-K or definitive proxy materials, as of the date
               on which it was filed).

     (2) I have reviewed the contents of this statement with the Company's audit
     committee.

     (3) In this statement under oath, each of the following, if filed on or
     before the date of this statement, is a "covered report":

          o    the Annual Report on Form 10-K of Nabors Industries, Inc. for the
               year ended December 31, 2001, as amended by the Form 10-K/A of
               Nabors Industries Ltd. filed June 27, 2002;

          o    all reports on Form 10-Q, all reports on Form 8-K and all
               definitive proxy materials of Nabors Industries, Inc. and Nabors
               Industries Ltd. filed with the Commission subsequent to the
               filing of the Form 10-K identified above; and

          o    any amendments to any of the foregoing.

/s/ Bruce P. Koch                                 Subscribed and sworn to
-------------------------------------             before me this 14th day of
Bruce P. Koch, Vice President-Finance             August 2002.

                                                  /s/ Robin Bauer Shaw
                                                  ---------------------------
                                                  Notary Public

                                                  My Commission Expires: 6/14/04




