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Canrig / Nabors

About Canrig Drilling
Canrig is one of the world's leading suppliers of top drive drilling systems for oil and gas exploration. The company manufactures, markets and services a full range of portable and fixed top drive systems for installation in most land and offshore rigs. Today, Canrig equipment operates in all the major oil and gas producing areas of the world. Canrig Drilling's parent company Nabors Industries Ltd. (NYSE:NBR) is the world's largest provider of land and platform drilling contract services for exploration and development of oil, gas and geothermal wells.

About Nabors Industries, Ltd
Nabors owns and operates 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.

CyboSoft and Canrig Drilling Sign MFA License Agreement
October 17, 2006 - CyboSoft, General Cybernation Group Inc., (Rancho Cordova, California), today announced that it has signed a long-term exclusive software license agreement for its Model-Free Adaptive (MFA) control software with Canrig Drilling Technology Ltd. (Click here for more info)

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