UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 16, 2002 NABORS INDUSTRIES LTD. (Exact name of registrant as specified in its charter) Bermuda 000-49887 980363970 (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) c/o The Corporate Secretary Ltd. White Park House Whitepark Road Bridgetown, Barbados (Address of Principal Executive Offices) N/A (Zip Code) Registrant's telephone number, including area code (246) 228-1590 N/A (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS. On August 16, 2002, Nabors Industries, Inc., an indirect, wholly owned subsidiary of the registrant, issued a press release announcing the private placement of $500 million of Senior Unsecured Notes. A copy of the press release is filed as an exhibit to this report and is incorporated in this report by reference. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (c) Exhibits Exhibit No. Description ----------- ----------- 99.1 Press Release of Nabors Industries, Inc. dated August 16, 2002 Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NABORS INDUSTRIES LTD. Date: August 16, 2002 By: /s/ Anthony G. Petrello ----------------------------------- Anthony G. Petrello President & Chief Operating Officer EXHIBIT INDEX Exhibit No. Description ----------- ----------- 99.1 Press Release of Nabors Industries, Inc. dated August 16, 2002