SEC Filing

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SEC FORM 3 SEC Form 3

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
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Juden Alexander C.

(Last)

(First)

(Middle)

C/O SCHLUMBERGER LIMITED

5599 SAN FELIPE 17TH FLOOR

(Street)

HOUSTON

77056

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2009

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Secretary and General Counsel

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

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 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	4,278	D

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: 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	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Incentive Stock Option (right to buy)	⁽¹⁾	04/17/2012	Common Stock	1,200	27.873	D
Incentive Stock Option (right to buy)	⁽²⁾	01/19/2015	Common Stock	2,000	32.455	D
Incentive Stock Option (right to buy)	⁽³⁾	01/22/2019	Common Stock	2,643	37.845	D
Incentive Stock Option (right to buy)	⁽⁴⁾	01/18/2016	Common Stock	2,488	54.235	D
Incentive Stock Option (right to buy)	⁽⁵⁾	01/17/2017	Common Stock	2,001	58.455	D
Incentive Stock Option (right to buy)	⁽⁶⁾	01/17/2018	Common Stock	2,155	84.93	D
NQ Stock Option (right to buy) w/ tandem Tax w/h right	⁽²⁾	01/19/2015	Common Stock	930	32.455	D
NQ Stock Option (right to buy) w/ tandem Tax w/h right	⁽³⁾	01/22/2019	Common Stock	67,357	37.845	D
NQ Stock Option (right to buy) w/ tandem Tax w/h right	⁽⁴⁾	01/18/2016	Common Stock	7,512	54.235	D
NQ Stock Option (right to buy) w/ tandem Tax w/h right	⁽⁵⁾	01/17/2017	Common Stock	2,999	58.455	D
NQ Stock Option (right to buy) w/ tandem Tax w/h right	⁽⁶⁾	01/17/2018	Common Stock	7,845	84.93	D

Explanation of Responses:

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 January 17, 2008.

6. This option becomes exercisable in five equal annual installments beginning January 17, 2009.

	By: Janet B. Glassmacher-Attorney-in-Fact For: Alexander Juden	04/01/2009
	** 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 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).
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 Number.

                       SCHLUMBERGER LIMITED

                         POWER OF ATTORNEY

The undersigned in his capacity as a director or officer or both
of Schlumberger Limited, a Netherlands Antilles corporation (the "Company"),
does hereby appoint Janet B. Glassmacher and Lynda M. Quagliara,
and each of them severally, his true and lawful attorney-in fact with power
to act with or without the other and with full power of substitution and
resubstitution, to execute for him and in his name, place and stead, in his
capacity as a director or officer or both of the Company, a statement of
beneficial ownership on Form 3, Form 4, Form 5 or Form 144, and to file the
same or cause the same to be filed with the Securities and Exchange
Commission.  This Power of Attorney shall remain in full force and effect
until the undersigned is no longer required to file Forms 3, 4, 5 and 144.


March 30, 2009                   /s/ Alexander C. Juden
				Alexander C. Juden