Schlumberger Declares Quarterly Dividend



    HOUSTON, April 19 /CNW/ - The Board of Directors of Schlumberger Limited
(NYSE:  SLB) has declared a quarterly dividend of 17.5 cents per share on
outstanding stock. The dividend is payable on July 6, 2007 to stockholders of
record on June 6, 2007.

    About Schlumberger

    Schlumberger is the world's leading oilfield services company supplying
technology, information solutions and integrated project management that
optimize reservoir performance for customers working in the oil and gas
industry. The company employs more than 70,000 people of over 140
nationalities working in approximately 80 countries. Schlumberger supplies a
wide range of products and services from seismic acquisition and processing;
formation evaluation; well testing and directional drilling to well cementing
and stimulation; artificial lift and well completions; and consulting,
software, and information management. In 2006, Schlumberger operating revenue
was $19.23 billion. For more information, visit www.SLB.com.




For further information:

For further information: Schlumberger Jean-Francois Poupeau, +1
713-375-3535 Vice President of Communications and Investor Relations or
Debashis Gupta, +1 713-375-3535 Investor Relations Manager
investor-relations@slb.com

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SCHLUMBERGER LIMITED

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