Schlumberger Limited. : Schlumberger Declares 10% Increase in Quarterly Dividend

The Board of Directors of Schlumberger Limited (NYSE:SLB) today approved a 10% increase of the quarterly dividend. The increased dividend of $0.275 per share of outstanding common stock is payable on April 13, 2012 to stockholders of record at the close of business on February 22, 2012.

About Schlumberger

Schlumberger is the world's leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Employing approximately 113,000 people representing over 140 nationalities and working in approximately 85 countries, Schlumberger provides the industry's widest range of products and services from exploration through production.

Schlumberger Limited has principal offices in Paris, Houston and The Hague. For more information, visit www.slb.com.

Schlumberger Limited
Malcolm Theobald, + 1 [phone]
Vice President of Investor Relations
or
Joy V. Domingo, + 1 [phone]
Manager of Investor Relations
[e-mail]