(WO) - Nabors Industries Ltd.reported first-quarter revenue of $784 million, with international operations continuing to anchor performance amid ongoing geopolitical disruption.

Company leadership said the Middle East conflict has had only a modest direct impact on operations, though it has contributed to higher costs and logistical challenges in the region.

“The conflict in the Middle East and its broader implications across global energy markets continue to reinforce the value of Nabors’ portfolio and geographic diversification,” said Chairman and CEO Anthony Petrello.

In its international drilling business, Nabors noted increased staffing and logistics costs in the Middle East, along with some activity interruptions in certain markets.

Despite these pressures, the company continued to expand activity internationally, including additional rig deployments in Saudi Arabia and Latin America, underscoring sustained demand for drilling services outside the U.S.

In North America, Lower 48 activity improved during the quarter, with the company’s rig count rising to 66 and expected to increase further into mid-year.

Nabors said it remains focused on operational flexibility and global fleet deployment as geopolitical uncertainty persists.