Schlumberger Responds to ''Mini-Tender'' Offer by TRC Corporation

    HOUSTON, April 6 /CNW/ - Schlumberger Limited (NYSE:  SLB) announced today
that it has been notified of an unsolicited "mini- tender" offer by TRC
Capital Corporation to purchase up to 1,500,000 shares of Schlumberger common
stock, representing approximately 0.13 percent of Schlumberger outstanding
shares. TRC Capital's offer price of $67.75 represents, as TRC's own offer
document acknowledges, a 4.51 percent discount to the closing price of
Schlumberger stock on April 3, 2007 ($70.95), the day prior to the date of the
offer, and a 5.69 percent discount to yesterday's closing price of $71.84.

    Schlumberger would like to inform its shareholders that it does not
recommend or endorse this offer and that the company is in no way associated
with TRC Capital Corporation.

    Schlumberger cautions its shareholders that mini-tender offers such as
this one avoid many of the investor protections afforded for larger tender
offers, including the filing of disclosure and other tender offer documents
with the Securities and Exchange Commission (SEC) and other procedures
required by United States securities laws. Schlumberger is in no way
associated with TRC Capital Corporation, its mini-tender offer or the offer

    Schlumberger strongly urges shareholders to obtain current market
quotations for their shares of Schlumberger common stock, to consult with
their financial advisors and to exercise caution with respect to TRC Capital's
offer. Shareholders who may already have tendered their shares may withdraw
them by providing the written notice described in the TRC Capital offering
documents prior to the expiration of the offer currently scheduled for 12:01
a.m., New York time, on Friday, May 4, 2007.

    The SEC has issued an investor alert regarding these mini-tender offers.
The SEC has noted that, in making the offers at below-market prices, bidders
are "hoping that they will catch investors off guard if the investors do not
compare the offer price to the current market price." The SEC advisory may be
found at The Canadian Securities
Administrators have also issued an advisory entitled "Mini-Tender Offers:
Watch Out For Mini-Tender Offers Below Market Price!", which may be found at

    Schlumberger refers broker/dealers and other market participants in the
dissemination of TRC Capital's offer to the SEC's recommendations to
broker/dealers in these circumstances, which can be found at and to Information
Memo Number 01-27 issued by the New York Stock Exchange on Sept. 28, 2001,
regarding the dissemination of mini-tender offer materials, which can be found
under the "Market Professional - Information Memos" tab on the NYSE website at

    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

For further information:

For further information: Schlumberger Limited, Houston Jean-Francois
Poupeau, +1 713-375-3535 Vice President of Communications and Investor
Relations or Debashis Gupta, +1 713-375-3535 Investor Relations Manager

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