Schlumberger Declares Quarterly Dividend



    HOUSTON, October 18 /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 January 4, 2008 to
stockholders of record on December 5, 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 76,000 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 Malcolm Theobald, +1-713-375-3535
Vice President of Investor Relations or Debashis Gupta, +1-713-375-3535
Manager of Investor Relations investor-relations@slb.com

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SCHLUMBERGER LIMITED

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