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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response... 0.5
                      
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 *

Laureles Saul R.

2. Date of Event Requiring Statement (MM/DD/YYYY)
4/20/2016 

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)
Deputy General Counsel, Corp. /

(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   1690   D    

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)   1/21/2011   (1) 1/21/2020   Common Stock, $0.01 Par Value Per Share   500   $68.505   D    
Incentive Stock Option (Right to Buy)   10/21/2011   (2) 10/21/2020   Common Stock, $0.01 Par Value Per Share   1588   $64.225   D    
Incentive Stock Option (Right to Buy)   1/19/2013   (3) 1/19/2022   Common Stock, $0.01 Par Value Per Share   1799   $72.11   D    
Incentive Stock Option (Right to Buy)   1/17/2014   (4) 1/17/2023   Common Stock, $0.01 Par Value Per Share   2519   $73.25   D    
Incentive Stock Option (Right to Buy)   4/16/2015   (5) 4/16/2024   Common Stock, $0.01 Par Value Per Share   800   $100.555   D    
Incentive Stock Option (Right to Buy)   7/17/2015   (6) 7/17/2024   Common Stock, $0.01 Par Value Per Share   170   $114.825   D    
Incentive Stock Option (Right to Buy)   4/16/2016   (7) 4/16/2025   Common Stock, $0.01 Par Value Per Share   1090   $91.74   D    
Incentive Stock Option (Right to Buy)   1/21/2017   (8) 1/21/2026   Common Stock, $0.01 Par Value Per Share   1614   $61.92   D    
Nq Stock Option (Right to Buy) W/ Tandem Tax W/h Right   10/21/2011   (2) 10/21/2020   Common Stock, $0.01 Par Value Per Share   12   $64.225   D    
Nq Stock Option (Right to Buy) W/ Tandem Tax W/h Right   1/19/2013   (3) 1/19/2022   Common Stock, $0.01 Par Value Per Share   601   $72.11   D    
Nq Stock Option (Right to Buy) W/ Tandem Tax W/h Right   1/17/2014   (4) 1/17/2023   Common Stock, $0.01 Par Value Per Share   3081   $73.25   D    
Nq Stock Option (Right to Buy) W/ Tandem Tax W/h Right   4/16/2015   (5) 4/16/2024   Common Stock, $0.01 Par Value Per Share   3200   $100.555   D    
Nq Stock Option (Right to Buy) W/ Tandem Tax W/h Right   7/17/2015   (6) 7/17/2024   Common Stock, $0.01 Par Value Per Share   5830   $114.825   D    
Nq Stock Option (Right to Buy) W/ Tandem Tax W/h Right   4/16/2016   (7) 4/16/2025   Common Stock, $0.01 Par Value Per Share   6910   $91.74   D    
Nq Stock Option (Right to Buy) W/ Tandem Tax W/h Right   1/21/2017   (8) 1/21/2026   Common Stock, $0.01 Par Value Per Share   8386   $61.92   D    

Explanation of Responses:
( 1)  Became exercisable in five equal annual installments beginning January 21, 2011.
( 2)  Became exercisable in five equal installments beginning October 21, 2011.
( 3)  Became exercisable in five equal installments beginning January 19, 2013.
( 4)  Became exercisable in five equal annual installments beginning January 17, 2014.
( 5)  Became exercisable in five equal installments beginning April 16, 2015.
( 6)  Became exercisable in five equal installments beginning July 17, 2105.
( 7)  Became exercisable in five equal annual installments beginning April 16, 2016.
( 8)  Will become exercisable in five equal annual installments beginning January 21, 2017.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Laureles Saul R.
5599 SAN FELIPE - 17TH FLOOR
HOUSTON, TX 77056

Deputy General Counsel, Corp.

Signatures
/s/Matthew Rinegar, attorney-in-fact for Saul R. Laureles 4/22/2016
** 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.
Schlumberger (NYSE:SLB)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Schlumberger Charts.
Schlumberger (NYSE:SLB)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Schlumberger Charts.