FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
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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 *

Kizilbash Imran 		2. Issuer Name and Ticker or Trading Symbol

SCHLUMBERGER LIMITED/NV [ SLB ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
VP, SLB Venture Fund
(Last)          (First)          (Middle)

5599 SAN FELIPE, 17TH FLOOR 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/20/2016
(Street)

HOUSTON, TX 77056
(City)        (State)        (Zip)
4. 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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $0.01 Par Value Per Share   12/20/2016     M    40000   A $37.845   118084   D    
Common Stock, $0.01 Par Value Per Share   12/20/2016     M    20000   A $45.88   138084   D    
Common Stock, $0.01 Par Value Per Share   12/20/2016     M    25000   A $68.505   163084   D    
Common Stock, $0.01 Par Value Per Share   12/20/2016     M    25000   A $72.11   188084   D    
Common Stock, $0.01 Par Value Per Share   12/20/2016     M    25000   A $74.57   213084   D    
Common Stock, $0.01 Par Value Per Share   12/20/2016     M    15000   A $78.305   228084   D    
Common Stock, $0.01 Par Value Per Share   12/20/2016     M    3600   A $77.795   231684   (1) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right   $37.845   12/20/2016     M         40000    1/22/2013   (2) 1/22/2019   Common Stock, $0.01 Par Value Per Share   40000   $0   0   D    
NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right   $45.88   12/20/2016     M         20000    4/23/2013   (3) 4/23/2019   Common Stock, $0.01 Par Value Per Share   20000   $0   0   D    
NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right   $68.505   12/20/2016     M         25000    1/21/2014   (4) 1/21/2020   Common Stock, $0.01 Par Value Per Share   25000   $0   0   D    
NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right   $72.11   12/20/2016     M         25000    1/19/2016   (5) 1/19/2022   Common Stock, $0.01 Par Value Per Share   25000   $0   0   D    
NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right   $74.57   12/20/2016     M         25000    10/18/2016   (6) 10/18/2022   Common Stock, $0.01 Par Value Per Share   25000   $0   0   D    
NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right   $78.305   12/20/2016     M         15000    7/18/2014   (7) 7/18/2023   Common Stock, $0.01 Par Value Per Share   15000   $0   10000   D    
Non-Qualified Stock Option (Right to Buy)   $77.795   12/20/2016     M         3600    1/15/2016   (8) 1/15/2025   Common Stock, $0.01 Par Value Per Share   3600   $0   13115   D    

Explanation of Responses:
( 1)  Includes 181 shares acquired under the Schlumberger discounted stock purchase plan for the period ending June 30, 2016.
( 2)  Subject to a 4-year cliff vesting and became fully exercisable on January 22, 2013
( 3)  Subject to a 4-year cliff vesting and became fully exercisable on April 23, 2013.
( 4)  Subject to a 4-year cliff vesting and became fully exercisable on January 21, 2014.
( 5)  Subject to a 4-year cliff vesting and became fully exercisable on January 19, 2016.
( 6)  Subject to a 4-year cliff vesting and became fully exercisable on October 18, 2016.
( 7)  This Option is exercisable in five equal annual installments beginning July 18, 2014.
( 8)  This option is exercisable in five equal annual installments beginning January 15, 2016.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Kizilbash Imran
5599 SAN FELIPE, 17TH FLOOR
HOUSTON, TX 77056

VP, SLB Venture Fund

Signatures
/s/ Saul R. Laureles, Attorney-in-Fact 12/22/2016
** 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 4(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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