FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Rowe Robert Scott

2. Date of Event Requiring Statement (MM/DD/YYYY)
4/5/2016 

3. Issuer Name and Ticker or Trading Symbol

SCHLUMBERGER LTD /NV/ [SLB]

(Last)        (First)        (Middle)

5599 SAN FELIPE - 17TH FLOOR

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
President, Cameron Group /

(Street)

HOUSTON, TX 77056       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4) 		2. Amount of Securities Beneficially Owned
(Instr. 4) 		3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5) 		4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, $0.01 Par Value Per Share   29308   D    
Common Stock, $0.01 Par Value Per Share   7587.45   I   by Trust  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4) 		2. Date Exercisable and Expiration Date
(MM/DD/YYYY) 		3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4) 		4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5) 		6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Incentive Stock Option (Right to Buy)   11/6/2012   11/6/2016   Common Stock, $0.01 Par Value Per Share   2329   $42.92   D    
Incentive Stock Option (Right to Buy)   10/20/2013   10/20/2017   Common Stock, $0.01 Par Value Per Share   2134   $46.83   D    
Incentive Stock Option (Right to Buy)   11/16/2014   11/16/2021   Common Stock, $0.01 Par Value Per Share   1783   $56.05   D    
Incentive Stock Option (Right to Buy)   10/18/2015   10/18/2022   Common Stock, $0.01 Par Value Per Share   1631   $61.31   D    
Incentive Stock Option (Right to Buy)   10/17/2016   10/17/2023   Common Stock, $0.01 Par Value Per Share   1151   $71.06   D    
Incentive Stock Option (Right to Buy)   10/17/2016   10/17/2023   Common Stock, $0.01 Par Value Per Share   256   $71.06   D    
Incentive Stock Option (Right to Buy)   10/16/2017   10/16/2024   Common Stock, $0.01 Par Value Per Share   772   $62.97   D    
Incentive Stock Option (Right to Buy)   10/16/2017   10/16/2024   Common Stock, $0.01 Par Value Per Share   816   $62.97   D    
Incentive Stock Option (Right to Buy)   10/14/2018   10/14/2025   Common Stock, $0.01 Par Value Per Share   214   $72.16   D    
Nq Stock Option (Right to Buy) W/ Tandem Tax W/h Right     (1) 10/17/2023   Common Stock, $0.01 Par Value Per Share   23401   $71.06   D    
Nq Stock Option (Right to Buy) W/ Tandem Tax W/h Right     (2) 10/16/2024   Common Stock, $0.01 Par Value Per Share   30778   $62.97   D    
Nq Stock Option (Right to Buy) W/ Tandem Tax W/h Right     (3) 10/16/2024   Common Stock, $0.01 Par Value Per Share   30644   $62.97   D    
Nq Stock Option (Right to Buy) W/ Tandem Tax W/h Right     (4) 10/14/2025   Common Stock, $0.01 Par Value Per Share   107556   $72.16   D    
Nq Stock Option (Right to Buy) W/ Tandem Tax W/h Right   11/16/2014   11/16/2021   Common Stock, $0.01 Par Value Per Share   17171   $56.05   D    
Nq Stock Option (Right to Buy) W/ Tandem Tax W/h Right   10/18/2015   10/18/2022   Common Stock, $0.01 Par Value Per Share   21692   $61.31   D    
Nq Stock Option (Right to Buy) W/ Tandem Tax W/h Right   10/14/2016   10/14/2025   Common Stock, $0.01 Par Value Per Share   19957   $72.16   D    
Nq Stock Option (Right to Buy) W/ Tandem Tax W/h Right   10/17/2016   10/17/2023   Common Stock, $0.01 Par Value Per Share   4557   $71.06   D    
Nq Stock Option (Right to Buy) W/ Tandem Tax W/h Right   10/14/2018   10/14/2025   Common Stock, $0.01 Par Value Per Share   1171   $72.16   D    
Rsu (restricted Stock Unit)     (5)   (5) Common Stock, $0.01 Par Value Per Share   17148   $0   (6) D    
Rsu (restricted Stock Unit)     (7)   (7) Common Stock, $0.01 Par Value Per Share   4636   $0   (6) D    
Rsu (restricted Stock Unit)     (8)   (8) Common Stock, $0.01 Par Value Per Share   7914   $0   (6) D    
Rsu (restricted Stock Unit)     (9)   (9) Common Stock, $0.01 Par Value Per Share   616   $0   (6) D    
Rsu (restricted Stock Unit)     (10)   (10) Common Stock, $0.01 Par Value Per Share   6161   $0   (6) D    
Rsu (restricted Stock Unit)     (11)   (11) Common Stock, $0.01 Par Value Per Share   1219   $0   (6) D    
Rsu (restricted Stock Unit)     (12)   (12) Common Stock, $0.01 Par Value Per Share   10214   $0   (6) D    
Rsu (restricted Stock Unit)     (13)   (13) Common Stock, $0.01 Par Value Per Share   658   $0   (6) D    
Rsu (restricted Stock Unit)     (14)   (14) Common Stock, $0.01 Par Value Per Share   55756   $0   (6) D    
Rsu (restricted Stock Unit)     (15)   (15) Common Stock, $0.01 Par Value Per Share   4337   $0   (6) D    

Explanation of Responses:
( 1)  This option becomes exercisable as follows: 9,789 on 10/17/2014; 9,788 on 10/17/2015 and 3,824 on 10/17/2016.
( 2)  This option becomes exercisable as follows: 11,363 on 10/16/2016 and 19,415 on 10/16/2017.
( 3)  This option becomes exercisable as follows: 21,004 on 10/16/2015 and 9,640 on 10/16/2016.
( 4)  This option becomes exercisable as follows: 23,010 on 10/14/2016; 42,966 on 10/14/2017 and 41,580 on 10/14/2018.
( 5)  The restricted stock unit award was granted January 1, 2015 and vests 100% on December 31, 2017.
( 6)  Each restricted stock unit represents the right to receive, at settlement, one (1) share of common stock.
( 7)  The restricted stock unit award was granted October 16, 2014 and vests 43% on January 1, 2017 and 57% on January 1, 2018.
( 8)  The restricted stock unit award was granted January 1, 2014 and vests 100% on December 31, 2016.
( 9)  The restricted stock unit award was granted October 5, 2015 and vests 100% on January 1, 2017.
( 10)  The restricted stock unit award was granted October 5, 2015 and vests 100% on December 31, 2017.
( 11)  The restricted stock unit award was granted October 17, 2013 and vests 100% on January 1, 2017.
( 12)  The restricted stock unit award was granted October 14, 2015 and vests 100% on October 14, 2016.
( 13)  The restricted stock unit award was granted October 16, 2014 and vests 100% on January 1, 2017.
( 14)  The restricted stock unit award was granted October 14, 2015 and vests 20% on October 14, 2016; 40% on October 14, 2017 and 40% on October 14, 2018.
( 15)  The restricted stock unit award was granted October 5, 2015 and vests 43% on January 1, 2017 and 57% on January 1, 2018.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Rowe Robert Scott
5599 SAN FELIPE - 17TH FLOOR
HOUSTON, TX 77056

President, Cameron Group

Signatures
/s/Lynda Quagliara Attorney-in-Fact for Robert Scott Rowe 4/13/2016
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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