SEC Filing

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SEC FORM 3 SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

PFERDEHIRT DOUG

(Last)

(First)

(Middle)

C/O SCHLUMBERGER

14910 AIRLINE RD.

(Street)

ROSHARON

77583

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/22/2010

3. Issuer Name and Ticker or Trading Symbol
SCHLUMBERGER LTD /NV/ [ SLB ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
VICE PRESIDENT

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	65,651	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Incentive Stock Option (right to buy)	04/17/2003⁽¹⁾	04/17/2012	Common Stock	7,176	27.873	D
Incentive Stock Option (right to buy)	01/19/2006⁽²⁾	01/19/2015	Common Stock	3,080	32.455	D
Incentive Stock Option (right to buy)	01/22/2010⁽³⁾	01/22/2019	Common Stock	2,643	37.845	D
Incentive Stock Option (right to buy)	01/18/2007⁽⁴⁾	01/18/2016	Common Stock	1,842	54.235	D
Incentive Stock Option (right to buy)	07/19/2007⁽⁵⁾	07/19/2016	Common Stock	1,574	63.545	D
Incentive Stock Option (right to buy)	01/21/2011⁽⁶⁾	01/21/2020	Common Stock	1,459	68.505	D
Incentive Stock Option (right to buy)	01/17/2009⁽⁷⁾	01/17/2018	Common Stock	2,354	84.93	D
NQ Stock Option (right to buy) w/ tandem Tax w/h right	04/17/2003⁽¹⁾	04/17/2012	Common Stock	22,824	27.873	D
NQ Stock Option (right to buy) w/ tandem Tax w/h right	01/19/2006⁽²⁾	01/19/2015	Common Stock	6,920	32.455	D
NQ Stock Option (right to buy) w/ tandem Tax w/h right	01/22/2010⁽³⁾	01/22/2019	Common Stock	37,357	37.845	D
NQ Stock Option (right to buy) w/ tandem Tax w/h right	01/18/2007⁽⁴⁾	01/18/2016	Common Stock	58,158	54.235	D
NQ Stock Option (right to buy) w/ tandem Tax w/h right	07/19/2007⁽⁵⁾	07/19/2016	Common Stock	28,426	63.545	D
NQ Stock Option (right to buy) w/ tandem Tax w/h right	01/21/2011⁽⁶⁾	01/21/2020	Common Stock	38,541	68.505	D
NQ Stock Option (right to buy) w/ tandem Tax w/h right	01/17/2009⁽⁷⁾	01/17/2018	Common Stock	12,646	84.93	D
RSU (restricted stock unit)	02/04/2013⁽⁸⁾	02/04/2020	Common Stock	10,000	0	D

Explanation of Responses:

1. Exercisable in five equal annual installments beginning April 17, 2003.

2. This option becomes exercisable in four equal annual installments beginning January 19, 2006.

3. This option becomes exercisable in five equal annual installments beginning January 22, 2010.

4. This option becomes exercisable in four equal annual installments beginning January 18, 2007.

5. This option becomes exercisable in five equal annual installments beginning July 19, 2007.

6. This option becomes exercisable in five equal annual installments beginning January 21, 2011.

7. This option becomes exercisable in five equal annual installments beginning January 17, 2009.

8. This restricted stock unit is subject to a 3-year cliff and will become exercisable on February 4, 2013.

	By: /s/Saul Laureles Attorney-in-Fact For: Douglas Pferdehirt	04/29/2010
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

SCHLUMBERGER LIMITED
POWER OF ATTORNEY
	The undersigned, in his capacity as a director or officer,
or both, of Schlumberger Limited, a Netherlands Antilles corporation
(the Company), does hereby appoint each of Saul R. Laureles
and Lynda M. Quagliara, or either of them acting singly, his/her true
and lawful attorney in fact with full power of substitution, to (a) prepare,
execute in the undersigneds name and on the undersigneds behalf,
and submit to the U.S. Securities and Exchange Commission (the SEC)
a Form ID, including amendments thereto, and any other documents
necessary or appropriate to obtain codes, passwords and passphrases
enabling the undersigned to make electronic filings with the SEC of reports
required by Section 16(a) of the Securities Exchange Act of 1934, as
amended (the Exchange Act), or any rule or regulation of the SEC, and
(b) execute for and on behalf of the undersigned, in the undersigneds
capacity as a director or officer, or both, of the Company, Forms 3, 4 and
5 in accordance with Section 16 of the Exchange Act, as well as Forms 144,
and complete and execute any amendment or amendments thereto, and to
file the same or cause the same to be filed with the SEC.
	This Power of Attorney supersedes any and all prior and existing
powers of attorney signed by the undersigned with respect to the subject matter
hereof, and shall remain in full force and effect until the undersigned is no
longer required to file Forms 3, 4, 5 or 144 with respect to the undersigneds
holdings of and transactions in securities issued by the Company, unless
earlier revoked by the undersigned in a signed writing delivered to the
foregoing attorneys in fact.
April 27, 2010 	/s/ Douglas Pferdehirt