8-K

                                  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) DECEMBER 13, 2005

                             NABORS INDUSTRIES LTD.
             (Exact name of registrant as specified in its charter)


                                                                                 
               BERMUDA                               000-49887                              980363970
   (State or Other Jurisdiction of           (Commission File Number)                    (I.R.S. Employer
    Incorporation or Organization)                                                     Identification No.)


                      MINTFLOWER PLACE
                    8 PAR-LA-VILLE ROAD
                       HAMILTON, HM08
                          BERMUDA                                                       N/A
          (Address of principal executive offices)                                  (Zip Code)



                                 (441) 292-1510
              (Registrant's telephone number, including area code)

                                       N/A
         (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
    230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))

ITEM 8.01 OTHER EVENTS.

      Attached hereto as Exhibit 99.1 is a copy of the press release dated
December 13, 2005 issued by Nabors Industries Ltd.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits

Exhibit No.         Description
- -----------         -----------

   99.1             Press Release issued by Nabors Industries Ltd. on
                    December 13, 2005.

                                    SIGNATURE

      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:  December 13, 2005           By: /s/ Daniel McLachlin
                                       -----------------------------------------
                                       Daniel McLachlin
                                       Vice President-Administration & Secretary

                                  EXHIBIT INDEX

Exhibit No.         Description
- -----------         -----------

   99.1             Press Release issued by Nabors Industries Ltd. on
                    December 13, 2005.

EX-99.1

                                                                    EXHIBIT 99.1
- --------------------------------------------------------------------------------

[NABORS INDUSTRIES LOGO]                                            NEWS RELEASE

- --------------------------------------------------------------------------------

                      NABORS PLANS TWO-FOR-ONE STOCK SPLIT

HAMILTON, BERMUDA, DECEMBER 13, 2005, NABORS INDUSTRIES LTD. (NYSE: NBR), today
announced that its Board of Directors has approved a two-for-one stock split on
its common stock, to be effected in the form of a stock dividend, subject to
shareholder approval of an amendment to the company's memorandum of association
to increase the authorized share capital of the company by the creation of
additional common shares. A special meeting of Nabors' shareholders is
tentatively planned for the first quarter of 2006.

Gene Isenberg, Nabors' Chairman and Chief Executive Officer commented on the
stock split, "Our Board's decision to initiate a stock split is a direct
indication of our confidence in both the near and longer-term outlook for our
business. We also believe that this action will serve to provide added liquidity
and affordability to Nabors' stock."

The Nabors companies own and operate almost 600 land drilling and approximately
875 land workover and well-servicing rigs worldwide. Offshore, Nabors operates
43 platform rigs, 19 jack-up units and three barge rigs in the United States and
multiple international markets. Nabors markets 28 marine transportation and
supply vessels, primarily in the U.S. Gulf of Mexico. In addition, Nabors
manufactures top drives and drilling instrumentation systems and provides
comprehensive oilfield hauling, engineering, civil construction, logistics and
facilities maintenance, and project management services. Nabors participates in
most of the significant oil, gas and geothermal markets in the world.

The information above includes forward-looking statements within the meaning of
the Securities Act of 1933 and the Securities Exchange Act of 1934. Such
forward-looking statements are subject to certain risks and uncertainties, as
disclosed by Nabors from time to time in its filings with the Securities and
Exchange Commission. As a result of these factors, Nabors' actual results may
differ materially from those indicated or implied by such forward-looking
statements. FOR FURTHER INFORMATION, PLEASE CONTACT DENNIS A. SMITH, DIRECTOR OF
CORPORATE DEVELOPMENT OF NABORS CORPORATE SERVICES, INC. AT (281) 775-8038. TO
REQUEST INVESTOR MATERIALS, CALL OUR CORPORATE HEADQUARTERS IN HAMILTON, BERMUDA
AT (441) 292-1510 OR VIA EMAIL AT dan.mclachlin@nabors.com.
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