Schlumberger Declares Quarterly Dividend

The Board of Directors of Schlumberger Limited (NYSE:SLB) has
declared a quarterly dividend of 17.5 cents per share on outstanding
stock. The dividend is payable on January 4, 2008 to stockholders of
record on December 5, 2007.

About Schlumberger

Schlumberger is the world's leading oilfield services company
supplying technology, information solutions and integrated project
management that optimize reservoir performance for customers working
in the oil and gas industry. The company employs more than 76,000
people of over 140 nationalities working in approximately 80
countries. Schlumberger supplies a wide range of products and services
from seismic acquisition and processing; formation evaluation; well
testing and directional drilling to well cementing and stimulation;
artificial lift and well completions; and consulting, software, and
information management. In 2006, Schlumberger operating revenue was
$19.23 billion. For more information, visit www.SLB.com.