<SUBMISSION>
<ACCESSION-NUMBER>0001163739-08-000014
<TYPE>3
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20080222
<FILING-DATE>20080226
<DATE-OF-FILING-DATE-CHANGE>20080226
<ISSUER>
<COMPANY-DATA>
<CONFORMED-NAME>NABORS INDUSTRIES LTD
<CIK>0001163739
<ASSIGNED-SIC>1381
<IRS-NUMBER>980363970
<STATE-OF-INCORPORATION>D0
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<BUSINESS-ADDRESS>
<STREET1>MINTFLOWER PLACE
<STREET2>8 PAR-LA-VILLE ROAD
<CITY>HAMILTON, HM08
<STATE>D0
<ZIP>0000
<PHONE>2464219471
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>P O BOX HM3349
<CITY>HAMILTON, HMPX
<STATE>D0
<ZIP>0000
</MAIL-ADDRESS>
</ISSUER>
<REPORTING-OWNER>
<OWNER-DATA>
<CONFORMED-NAME>Comfort William T
<CIK>0001427914
</OWNER-DATA>
<FILING-VALUES>
<FORM-TYPE>3
<ACT>34
<FILE-NUMBER>001-32657
<FILM-NUMBER>08641563
</FILING-VALUES>
<BUSINESS-ADDRESS>
<PHONE>281-874-0035
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>C/O NABORS CORPORATE SERVICES INC
<STREET2>515 W. GREENS RD., SUITE 1200
<CITY>HOUSTON
<STATE>TX
<ZIP>77067
</MAIL-ADDRESS>
</REPORTING-OWNER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2008-02-22</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001163739</issuerCik>
        <issuerName>NABORS INDUSTRIES LTD</issuerName>
        <issuerTradingSymbol>NBR</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001427914</rptOwnerCik>
            <rptOwnerName>Comfort William T</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O NABORS CORPORATE SERVICES</rptOwnerStreet1>
            <rptOwnerStreet2>515 WEST GREENS ROAD</rptOwnerStreet2>
            <rptOwnerCity>HOUSTON</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>77067</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>100000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes></footnotes>

    <ownerSignature>
        <signatureName>Lisa Wysocki by Power of Attorney for William T. Comfort</signatureName>
        <signatureDate>2008-02-26</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>powerofattorney.txt
<DESCRIPTION>POWER OF ATTORNEY LETTER
<TEXT>
Know all these present, that the undersigned constitutes and appoints each of
Bruce Taten and Lisa Wysocki Signing singly the undersigned's true and lawful
attorney-in-fact to:
(1) execute for an on behalf of the undersigned's capacity as an officer and/or
director of Nabors Industries Ltd. (the"Company") Forms 3,4 and 5 in accordance
with Section 16(a) of the securities Exchange Act of 1934 and the rules there-
under;
(2) do and perform any and all acts for and on behalf of the undersigned which
may be necessary or desirable to complete and execute any such Form 3,4 or 5
and timely file such form with the United States Securities and Exchange
Commission and any stock exchange or similar authority; and
(3) take any other action of any type whatsoever in connection with the fore-
going which in the opinion of such attorney-in-fact may be if benefit to in
the best interest of or legally requied by the undersigned it being under-
stood that the documents executed by such attorney-in-fact on behalf of the
undersigned pursuant to this Power of Attorney shall be in such form and
shall contain such terms and conditions as such attorney-in-fact may approve
in such attorney-in-fact's discretion.
The undersigned hereby grants to each such attorny-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite
necessary or proper to be done in the exercise of any of the rights and
powers herein granted as fully to all intents and purposes as the undersigned
might or could do if personally present with full power of substitution or
revocation hereby ratifying and confirming all that such attorney-in-fact or
such attorney-in-fact's substitute or substitute's shall lawfully do or cause
to be done by virtue of this power of attorney and the rights and powers herin
granted.  The undersigned acknowledges that the foregoing attorneys-in-fact in
serving in such capacity as the request of the undersigned are not assuming
nor is the Company assuming any of the undersigned's responsibilities to
comply with Sectio 16 of the Securities Exchange Act of 1934.
This Power of Attorney shall remain in full force and effect until the under-
signed is no longer required to file Forms 3, 4 and 5 with respect to the
undersigned's holdings of and transactions in securities issued by the Company
unless earlier revoked by undersigned in signed writing delivered to the fore-
going attorneys-in-fact.
IN WITNESS WHEREOF the undersigned has caused this Power of Attorney to be
executed as of this 11th day of February 2008.
William T Comfort
</TEXT>
</DOCUMENT>
</SUBMISSION>
