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Schlumberger Declares Quarterly Dividend

The Board of Directors of Schlumberger Limited (NYSE:SLB) today declared a quarterly dividend of $0.21 per share of outstanding common stock. The dividend is payable on January 8, 2010 to stockholders of record at the close of business on December 2, 2009.

About Schlumberger

Schlumberger is the world's leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Employing approximately 77,000 people representing over 140 nationalities and working in more than 80 countries, Schlumberger provides the industry's widest range of products and services from exploration through production.

Schlumberger Limited has principal offices in Paris, Houston and The Hague and reported revenues of $27.16 billion in 2008. For more information, visit www.SLB.com.

SOURCE: Schlumberger Limited

Schlumberger Limited 
Malcolm Theobald -- Vice President of Investor Relations 
Robert Bergeron -- Manager of Investor Relations 
Office + 1 (713) 375-3535 
investor-relations@slb.com

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