SLB LIMITED/NV — Director's Dealing 2008

Jan 18, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SCHLUMBERGER LTD /NV/ (SLB)
CIK: 0000087347
Period of Report: 2008-01-17

Reporting Person: Oyinlola H Sola (VICE PRESIDENT TREASURER)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-01-17	Incentive Stock Option (right to buy)	$84.93	A	5885	Acquired	2018-01-17	Common Stock (5885)	Direct
2008-01-17	NQ Stock Option (right to buy) w/ tandem Tax w/h right	$84.93	A	12115	Acquired	2018-01-17	Common Stock (12115)	Direct

Footnotes

F1: This option becomes exercisable in five equal annual installments beginning January 17, 2009.