Schlumberger Siberian Training Center Inaugurated in Tyumen

Schlumberger officially inaugurated the Schlumberger Siberian
Training Center, in Tyumen, West Siberia, in the Russian Federation on
March 21. Vladimir Yakushev, governor of the Tyumen Region, and Andrew
Gould, chairman and chief executive officer of Schlumberger,
officiated at the opening ceremony in front of more than 170 guests
drawn from regional government, oil company and Schlumberger
representatives.

The new state-of-the-art center has been designed to provide basic
and advanced training in the Russian language for Schlumberger field
engineers and specialists as well as to offer specialized courses for
the Russian oil and gas community. The site covers 150 hectares and is
entirely self-sufficient with accommodation for 160 students in
custom-designed study-bedroom cottages. Total investment will exceed
$100 million. The center is the latest and largest of such centers
that Schlumberger is opening around the world.

Opening the facility, Governor Yakushev remarked, "On behalf of
the government of the Tyumen Region, I would like to thank
Schlumberger for selecting the Region for making the investment and
building this Training Center. I am sure that the Center will
contribute considerably to the training of oilfield service workers
not only in the Tyumen Region but also in Russia as a whole."

The center includes classrooms, workshops, fully equipped
laboratories and field technical equipment to provide Schlumberger
geoscientists, field engineers, field technicians and maintenance
engineers from the Russian Federation and Russian-language countries
with new technology skills. Training courses will be held in
artificial lift, directional drilling, well cementing and stimulation,
data services and information solutions as well as in integrated
project management. A strong focus will be placed on technologies
applicable worldwide, as well as on fit-for-purpose applications for
the Russian market.

"The Siberian Training Center is the very latest of only three
new-generation training centers that we are opening around the world.
These new centers are designed to respond to the challenge of training
the future generations of engineers and technicians that the industry
will need. They are remarkable not only by their size, but also by the
training opportunities that they provide," commented Gould,
Schlumberger chairman and CEO.

Construction of the center started in February 2006. The first
phase, which included completion of the specialist driver-training
facility, opened in January 2007 and the main facility and
accommodation blocks opened in February 2008. The training capacity is
expected to double over the next year to reach 350 students.

About Schlumberger

Schlumberger is the world´s leading oilfield services company
supplying technology, project management, and information solutions
that optimize performance for customers working in the oil and gas
industry. The company employs more than 80,000 people of over 140
nationalities working in approximately 80 countries. Schlumberger
supplies a wide range of products and services from seismic
acquisition and formation evaluation through directional drilling,
well cementing and stimulation, well completions and productivity to
consulting, software, information management, and IT infrastructure
services that support core industry operational processes. In 2007,
Schlumberger operating revenue was $23.28 billion. For more
information, visit www.slb.com.