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): October 1, 2002 SCHLUMBERGER N.V. (SCHLUMBERGER LIMITED) (Exact name of registrant as specified in its charter) Netherlands Antilles 1-4601 52-0684746 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 153 East 53rd Street, 57th Floor New York, New York 10022-4624 42, rue Saint-Dominique Paris, France 75007 Parkstraat 83, The Hague, The Netherlands 2514 JG (Addresses of principal executive offices) (Zip or Postal Codes) Registrant's telephone number in the United States, including area code: (212) 350-9400
Item 5. OTHER EVENTS Attached hereto as Exhibit 99.1 and incorporated by reference herein is the Schlumberger Third Quarter 2002 Business Update press release dated October 1, 2002. Item 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits 99.1 Press release. 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. SCHLUMBERGER N.V. (SCHLUMBERGER LIMITED) By: /s/ Frank A. Sorgie ----------------------------------- Frank A. Sorgie Chief Accounting Officer Date: October 1, 2002
Exhibit 99.1 [LETTERHEAD OF SCHLUMBERGER APPEARS HERE] For Release Tuesday, October 1, 2002 @ 6.30pm EST SCHLUMBERGER THIRD QUARTER 2002 BUSINESS UPDATE NEW YORK, October 1, 2002 - Schlumberger Limited [NYSE:SLB] announced today that the WesternGeco seismic joint venture is expected to incur a loss in the quarter. The Schlumberger share of this loss amounts to $15 million after tax and includes losses to completion of $21 million for contracts primarily in Mexico and India. This compares with a $3 million profit in the second quarter. The expected improvements in marine seismic profitability in the Northern Hemisphere did not materialize due to the continued softness in proprietary marine pricing. Apart from this item, third quarter results in both Oilfield Services and SchlumbergerSema are in line with expectations. In addition, the SchlumbergerSema cost reduction program continues with a workforce reduction of 750 people during the quarter at a cost of $12 million after tax ($0.02 per share). Schlumberger Limited [NYSE:SLB] is a global technology services company consisting of two business segments. Schlumberger Oilfield Services is the leading provider of technology services and solutions to the international petroleum industry. SchlumbergerSema is a major IT services company providing information technology to the oil and gas, telecommunications, energy and utilities, finance, transport and public sector markets. In 2001, Schlumberger revenue was $14.3 billion. For more information visit http://www.slb.com. WesternGeco is owned 70% by Schlumberger and 30% by Baker Hughes. # # # For more information: Christian Lange Director of Investor Relations Tel: 212 350 9432