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^*

Orr Stephen

(Last)

(First)

(Middle)

5599 SAN FELIPE, 17TH FLOOR

(Street)

HOUSTON

77056

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/07/2012

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)
President Drilling Group

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, $0.01 par value per share	7,579	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)
NQ Stock Option (right to buy) w/ tandem Tax w/h right	04/19/2007⁽¹⁾	04/19/2016	Common Stock, $0.01 par value per share	1,000	66.03	D
NQ Stock Option (right to buy) w/ tandem Tax w/h right	01/17/2012⁽²⁾	01/17/2018	Common Stock, $0.01 par value per share	5,000	84.93	D
NQ Stock Option (right to buy) w/ tandem Tax w/h right	04/17/2012⁽³⁾	04/17/2018	Common Stock, $0.01 par value per share	15,000	93.97	D
Incentive Stock Option (right to buy)	01/22/2010⁽⁴⁾	01/22/2019	Common Stock, $0.01 par value per share	7,926	37.85	D
NQ Stock Option (right to buy) w/ tandem Tax w/h right	01/22/2010⁽⁵⁾	01/22/2019	Common Stock, $0.01 par value per share	4,074	37.85	D
Incentive Stock Option (right to buy)	01/21/2011⁽⁶⁾	01/21/2020	Common Stock, $0.01 par value per share	1,459	68.51	D
NQ Stock Option (right to buy) w/ tandem Tax w/h right	01/21/2011⁽⁶⁾	01/21/2020	Common Stock, $0.01 par value per share	22,541	68.51	D
NQ Stock Option (right to buy) w/ tandem Tax w/h right	10/21/2011⁽⁷⁾	10/21/2020	Common Stock, $0.01 par value per share	30,000	64.23	D
Incentive Stock Option (right to buy)	01/19/2013⁽⁸⁾	01/19/2022	Common Stock, $0.01 par value per share	2,772	72.11	D
NQ Stock Option (right to buy) w/ tandem Tax w/h right	01/19/2013⁽⁹⁾	01/19/2022	Common Stock, $0.01 par value per share	22,228	72.11	D
RSU (restricted stock unit)	02/04/2013⁽¹⁰⁾	04/04/2020	Common Stock, $0.01 par value per share	8,000	0	D
RSU (restricted stock unit)	04/19/2015⁽¹¹⁾	04/19/2022	Common Stock, $0.01 par value per share	10,000	0	D

Explanation of Responses:

1. Became exercisable in five equal annual installments beginning April 19, 2007.

2. Subject to 4-year cliff vesting and became fully exercisable on January 17, 2012.

3. Subject to 4-year cliff vesting and became fully exercisable on April 17, 2012.

4. Becomes exercisable in five equal annual installments beginning January 22, 2010.

5. Becomes exercisable in five equal annual installments beginning January 22, 2010.

6. Becomes exercisable in five equal annual installments beginning January 21, 2011.

7. Becomes exercisable in five equal annual installments beginning October 21, 2011.

8. Becomes exercisable in five equal annual installments beginning January 19, 2013.

9. Becomes exercisable in five equal annual installments beginning January 19, 2013.

10. Subject to 3-year cliff vesting and fully vests on February 4, 2013.

11. Subject to 3-year cliff vesting and fully vests on April 19, 2015.

	Saul R. Laureles, Attorney-in-Fact	05/15/2012
	** 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 Curacao
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
undersigned?s name and on the undersigned?s 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 undersigned?s
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 undersigned?s
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.

May 8, 2012			\s\ Stephen Orr
					Stephen Orr