SLB LIMITED/NV — Director's Dealing 2005

Jan 21, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SCHLUMBERGER LTD /NV/ (SLB)
CIK: 0000087347
Period of Report: 2005-01-19

Reporting Person: ERLICH ANDRE (CHIEF INFORMATION OFFICER)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-01-19	NQ Stock Option (right to buy) w/ tandem Tax w/h right	$64.91	A	10000	Acquired	2015-01-19	Common Stock (10000)	Direct

Footnotes

F1: This option becomes exercisable in four equal annual installments beginning January 19, 2006.