Exhibit 1.01

Nabors Industries Ltd.

Conflict Minerals Report

 For the Year Ended December 31, 2024

It is the policy of Nabors Industries Ltd. and its consolidated subsidiaries (“Nabors,” “we” or “our”) to comply with all applicable laws, rules and regulations, as described in Nabors’ Code of Business Conduct (available at www.nabors.com).

To implement reporting and disclosure requirements related to conflict minerals as directed by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the Securities and Exchange Commission (the “SEC”) issued Release No. 34-67716 and adopted Rule 13p-1 (“Rule 13p-1”) of the Securities Exchange Act of 1934, as amended. Rule 13p-1 states that “[e]very registrant that files reports with the Commission under Sections 13(a) (15 U.S.C. 78m(a)) or 15(d) (15 U.S.C. 78o(d)) of the Exchange Act, having conflict minerals that are necessary to the functionality or production of a product manufactured or contracted by that registrant to be manufactured, shall file a report on Form SD within the period specified in that Form disclosing the information required by the applicable items of Form SD as specified in that Form (17 CFR 249b.400).” We have asked our suppliers to cooperate with us as we comply with the Rule 13p-1 and expect them to ask their suppliers to do the same. 

This is Nabors’ Conflict Minerals Report for the year ended December 31, 2024. This Conflict Minerals Report was prepared in accordance with the provisions of Rule 13p-1 and the SEC’s Form SD.

Terms used throughout this Conflict Minerals Report are as defined in Rule 13p-1, Form SD and Release No. 34-67716.

Overview

Nabors owns and operates one of the world’s largest land-based drilling rig fleets and is a provider of offshore platform rigs in the United States and international markets. Nabors also provides performance software, directional drilling services, tubular running services and innovative technologies for its own rig fleet and those operated by third parties. In addition, Nabors manufactures advanced drilling equipment and provides drilling rig instrumentation. Also, Nabors has a portfolio of technologies designed to drive energy efficiency and emissions reductions for both itself and third-party customers.

As of December 31, 2024, we own and operate approximately:

We are subject to Rule 13p-1 to the extent that products we manufacture contain conflict minerals necessary to their functionality or production.  The SEC defines the term “conflict minerals” to include cassiterite, columbite-tantalite, gold, wolframite and their derivatives, which are limited to tin, tantalum and tungsten.  In this Conflict Minerals Report, we refer to tin, tantalum, tungsten and gold collectively as the “3TG Minerals.”

This Conflict Minerals Report relates to products that were manufactured or contracted to be manufactured for the period covered by this report that contain 3TG Minerals that we had reason to believe may have originated in Covered Countries (as defined below) and may not have come from recycled or scrap sources. For the period covered by this Conflict Mineral Report these products are top drives, catwalks, automated floor wrenches, casing running tools, drawworks, control systems, offshore handling equipment, remote valve actuators and related products and instrumentation.

Due Diligence

Reasonable Country of Origin Inquiry

In order to perform a reasonable country of origin inquiry to determine whether any 3TG Minerals included in our products originated in the Democratic Republic of the Congo or adjoining countries (the “Covered Countries”), we first identified products we manufacture that contain vendor-supplied components with 3TG Minerals necessary to the functionality or production of the product.  We then compiled a list of all vendors that provide components or other materials for those products.  We contacted our suppliers and request that they complete the Conflict Mineral Reporting Template (CMRT), a survey developed by the Responsible Minerals Initiative (RMI). The CMRT is a common survey used to identity smelters or refiners. We used the CMRT to survey those vendors to determine the following:

Based on the responses, vendors were placed into one of the following categories:

Only responses received as of May 23, 2025, were used in creating this Conflict Minerals Report. These responses are listed in the table on Appendix A. Not all of our vendors have responded.  Every survey received was reviewed and, based upon the responses, undertook further efforts with certain vendors to determine whether the 3TG Minerals in components supplied by those vendors originated in the Covered Countries from sources that directly or indirectly finance or benefit armed groups in the Covered Countries.

Due Diligence Standard

Our due diligence framework for 3TG Minerals is generally based on the OECD Due Diligence Guidelines for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas: Second Edition (the “OECD Guidelines”).  Both the OECD Guidelines and the CMRT template discussed above are nationally and/or internationally recognized frameworks.

Due Diligence Process

Based on the OECD Guidelines, we have designed our due diligence program to gather information, establish company management systems, identify and assess risks in the supply chain, design and implement a strategy to respond to identified risks and report annually on supply chain due diligence.  Our specific actions include communicating and interacting with vendors using the CMRT template. We enhance our contracting procedures to include conflict mineral-specific requirements.  We report periodically to our Risk Oversight Committee of the Board of Directors with respect to our compliance obligations.  We may carry out third-party audits of our diligence practices as may be appropriate in the future.

Audit of Supply Chain Due Diligence

Pursuant to guidance from the SEC, only companies who elect to claim their products are “Conflict Free” are subject to an independent private sector audit. We are not making such claim here, and, consequently, this report was not audited.

As indicated in the Form SD, this Report is publicly available on our website at www.nabors.com.

Due Diligence Results

We are not a vertically integrated manufacturer, do not have a direct relationship with any 3TG Mineral smelters and make no purchases in the Covered Countries.  However, we conducted an analysis of our products and found that 3TG Minerals are included in certain vendor-supplied components incorporated into some of our products, such as top drives, catwalks, automated floor wrenches, casing running tools, drawworks, control systems, offshore handling equipment, remote valve actuators and related products and instrumentation.  While we are several levels removed from the actual mining of conflict minerals, in accordance with Rule 13p-1, we conducted a reasonable country of origin inquiry for the 3TG Minerals included in our products and due diligence on the source and chain custody of potential conflict minerals. As described below, our due diligence efforts remain ongoing.

Continuing Steps to Mitigate Risk

Continuing Steps

Our diligence efforts are continuing, and we continue to follow up with vendors in the Not Conflict Free, Undeterminable, Insufficient Response and Unresponsive categories in order to increase the rate of response to the CMRT template survey and identify the sources of 3TG Minerals necessary to the function or production of products we manufacture.  In addition, our contract procedures to require vendors to respond to conflict mineral-related inquires and provide us with other related information.  We continue our efforts to further develop our conflict minerals program and build transparency over our supply chain in accordance with the OECD Guidance.

Inherent Limitations on Due Diligence Measures

As a downstream purchaser and user of conflict minerals, our due diligence measures can provide only reasonable, not absolute, assurance regarding the source and chain of custody of the necessary conflict minerals. Our due diligence processes are based on the necessity of seeking data from our vendors and those vendors seeking similar information within their supply chains to identify the original sources of the necessary conflict minerals. To determine whether any 3TG was sourced from a Covered Country, we relied on our vendors responding with accurate information. Such sources of information may yield inaccurate or incomplete information and may be subject to fraud. Some of our vendors were nonresponsive and many were uncertain. We have undertaken measures to verify responses and minimize these limitations but cannot guarantee the accuracy of the responses provided.

Appendix A