Schlumberger Declares Quarterly Dividend

Schlumberger Limited (NYSE:SLB) today announced that its Board of
Directors approved a 20% increase of the quarterly dividend. The
increased dividend of 21 cents per share on outstanding stock is
payable on April 4, 2008 to stockholders of record on February 20,
2008.

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.