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Press release from Business Wire

Schlumberger Declares Quarterly Dividend

Thursday, October 20, 2011

Schlumberger Declares Quarterly Dividend13:00 EDT Thursday, October 20, 2011 HOUSTON (Business Wire) -- The Board of Directors of Schlumberger Limited (NYSE:SLB) today declared a quarterly dividend of $0.25 per share of outstanding common stock. The dividend is payable on January 6, 2012 to stockholders of record at the close of business on December 1, 2011. 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 110,000 people representing over 140 nationalities and working in approximately 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 $27.45 billion in 2010. For more information, visit www.slb.com. Schlumberger LimitedMalcolm Theobald, + 1 (713) 375-3535Vice President of Investor RelationsorJoy V. Domingo, + 1 (713) 375-3535Manager of Investor Relationsinvestor-relations@slb.com