Edgar Filing: PFERDEHIRT DOUG

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â PFERDEHIRT DOUG

2. Date of Event Requiring Statement (Month/Day/Year)
04/22/2010

3. Issuer Name and Ticker or Trading Symbol
SCHLUMBERGER LTD /NV/ [SLB]

(Last)

(First)

(Middle)

C/O SCHLUMBERGER,Â 14910 AIRLINE RD.

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

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
VICE PRESIDENT

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

ROSHARON,Â TXÂ 77583

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

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	65,651	D	Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Incentive Stock Option (right to buy)	04/17/2003⁽¹⁾	04/17/2012	Common Stock	7,176	$ 27.873	D	Â
Incentive Stock Option (right to buy)	01/19/2006⁽²⁾	01/19/2015	Common Stock	3,080	$ 32.455	D	Â
Incentive Stock Option (right to buy)	01/22/2010⁽³⁾	01/22/2019	Common Stock	2,643	$ 37.845	D	Â
Incentive Stock Option (right to buy)	01/18/2007⁽⁴⁾	01/18/2016	Common Stock	1,842	$ 54.235	D	Â
Incentive Stock Option (right to buy)	07/19/2007⁽⁵⁾	07/19/2016	Common Stock	1,574	$ 63.545	D	Â
Incentive Stock Option (right to buy)	01/21/2011⁽⁶⁾	01/21/2020	Common Stock	1,459	$ 68.505	D	Â
Incentive Stock Option (right to buy)	01/17/2009⁽⁷⁾	01/17/2018	Common Stock	2,354	$ 84.93	D	Â
NQ Stock Option (right to buy) w/ tandem Tax w/h right	04/17/2003⁽¹⁾	04/17/2012	Common Stock	22,824	$ 27.873	D	Â
NQ Stock Option (right to buy) w/ tandem Tax w/h right	01/19/2006⁽²⁾	01/19/2015	Common Stock	6,920	$ 32.455	D	Â
NQ Stock Option (right to buy) w/ tandem Tax w/h right	01/22/2010⁽³⁾	01/22/2019	Common Stock	37,357	$ 37.845	D	Â
NQ Stock Option (right to buy) w/ tandem Tax w/h right	01/18/2007⁽⁴⁾	01/18/2016	Common Stock	58,158	$ 54.235	D	Â
NQ Stock Option (right to buy) w/ tandem Tax w/h right	07/19/2007⁽⁵⁾	07/19/2016	Common Stock	28,426	$ 63.545	D	Â
NQ Stock Option (right to buy) w/ tandem Tax w/h right	01/21/2011⁽⁶⁾	01/21/2020	Common Stock	38,541	$ 68.505	D	Â
NQ Stock Option (right to buy) w/ tandem Tax w/h right	01/17/2009⁽⁷⁾	01/17/2018	Common Stock	12,646	$ 84.93	D	Â
RSU (restricted stock unit)	02/04/2013⁽⁸⁾	02/04/2020	Common Stock	10,000	$ 0	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
PFERDEHIRT DOUG C/O SCHLUMBERGER 14910 AIRLINE RD. ROSHARON,Â TXÂ 77583	Â	Â	Â VICE PRESIDENT	Â

Signatures

By: /s/Saul Laureles Attorney-in-Fact For: Douglas Pferdehirt		04/29/2010
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Exercisable in five equal annual installments beginning April 17, 2003.
(2)	This option becomes exercisable in four equal annual installments beginning January 19, 2006.
(3)	This option becomes exercisable in five equal annual installments beginning January 22, 2010.
(4)	This option becomes exercisable in four equal annual installments beginning January 18, 2007.
(5)	This option becomes exercisable in five equal annual installments beginning July 19, 2007.
(6)	This option becomes exercisable in five equal annual installments beginning January 21, 2011.
(7)	This option becomes exercisable in five equal annual installments beginning January 17, 2009.
(8)	This restricted stock unit is subject to a 3-year cliff and will become exercisable on February 4, 2013.

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