<PAGE>
                                                                    EXHIBIT 23.1


                       CONSENT OF INDEPENDENT ACCOUNTANTS


We hereby consent to the incorporation by reference in this Registration on Form
S-3 of our report dated January 23, 2002, except for Note 16, as to which the
date is March 18, 2002, and Notes 1, 2, 7, 12 and 15, as to which the date is
August 20, 2002, relating to the consolidated financial statements, which is
included in Nabors Industries Ltd.'s Current Report on Form 8-K dated August 20,
2002. We also consent to the incorporation by reference of our report dated
January 23, 2002 relating to the financial statement schedule, which appears in
Nabors Industries, Inc.'s Annual Report on Form 10-K for the year ended December
31, 2001. We also consent to the reference to us under the "Independent
Accountants" in such Registration Statement.


/s/ PricewaterhouseCoopers LLP

Houston, Texas
September 6, 2002


