EXHIBIT 15

November 7, 2003

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549

Commissioners:

We are aware that our report dated October 29, 2003 on our review of the interim
consolidated financial information of Nabors Industries Ltd. and its
subsidiaries (the "Company") as of September 30, 2003 and for the three-month
and nine-month periods ended September 30, 2003 and 2002, and included in the
Company's quarterly report on Form 10-Q for the quarter ended September 30,
2003, is incorporated by reference in the Company's Registration Statements on
Form S-8 (Registration Numbers 333-96699, 333-92483-99, 333-91829-99,
333-91743-99, 333-87069-99, 333-86289-99, 333-76077-99, 333-45446-99 and
333-11313-99) and on Form S-3 (Registration Numbers 333-107806-01, 333-91296,
333-85228-99, 333-99267 and 333-102246).

Very truly yours,


/s/ PRICEWATERHOUSECOOPERS LLP