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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*
Martellozo Gerard
(Last) (First) (Middle)
5599 SAN FELIPE, 17TH FLOOR
(Street)
HOUSTON TX 77056
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
06/01/2014 		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)
Vice President Human Resources
 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, $0.01 par value per share 30,000 D
Common Stock, $0.01 par value per share 5,000 I By son
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)
Date Exercisable Expiration Date Title Amount or Number of Shares
NQ Stock Option (right to buy) w/ tandem Tax w/h right 01/17/2012(1) 01/17/2018 Common Stock, $0.01 par value per share 5,000 84.93 D
NQ Stock Option (right to buy) w/ tandem Tax w/h right 01/21/2014(2) 01/21/2020 Common Stock, $0.01 par value per share 10,000 68.505 D
NQ Stock Option (right to buy) w/ tandem Tax w/h right 01/20/2012(3) 01/20/2021 Common Stock, $0.01 par value per share 9,040 83.885 D
Incentive Stock Option (right to buy) 01/20/2012(3) 01/20/2021 Common Stock, $0.01 par value per share 5,960 83.885 D
Incentive Stock Option (right to buy) 01/19/2013(4) 01/19/2022 Common Stock, $0.01 par value per share 1,386 72.11 D
NQ Stock Option (right to buy) w/ tandem Tax w/h right 01/19/2013(4) 01/19/2022 Common Stock, $0.01 par value per share 13,614 72.11 D
NQ Stock Option (right to buy) w/ tandem Tax w/h right 04/18/2014(5) 04/18/2023 Common Stock, $0.01 par value per share 13,591 70.925 D
Incentive Stock Option (right to buy) 04/18/2014(6) 04/18/2023 Common Stock, $0.01 par value per share 1,409 70.925 D
Incentive Stock Option (right to buy) 04/16/2015(7) 04/16/2024 Common Stock, $0.01 par value per share 994 100.555 D
NQ Stock Option (right to buy) w/ tandem Tax w/h right 04/16/2015(7) 04/16/2024 Common Stock, $0.01 par value per share 14,006 100.555 D
Explanation of Responses:
1. Subject to 4-year cliff vesting and became fully exercisable on January 17, 2012.
2. Subject to 4-year cliff vesting and became fully exercisable on January 21, 2014.
3. Became exercisable in five equal annual installments beginning January 20, 2012.
4. Became exercisable in five equal annual installments beginning January 19, 2013.
5. Became exercisable in five equal annual installments beginning April 18, 2014.
6. Became exercisable in five equal annual installments beginning April 18, 2014.
7. Becomes exercisable in five equal annual installments beginning April 16, 2015.
Saul R. Laureles, Attorney-in-Fact 06/03/2014
** 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 Curacao
corporation (the Company), does hereby appoint each of Saul
R. Laureles and Lynda M. Quagliara, or either of them
acting singly, his/her true and lawful attorney-in fact
with full power of substitution, to (a) prepare, execute in
the undersigneds name and on the undersigneds behalf, and
submit to the U.S. Securities and Exchange Commission (the
SEC) a Form ID, including amendments thereto, and any other
documents necessary or appropriate to obtain codes,
passwords and passphrases enabling the undersigned to make
electronic filings with the SEC of reports required by
Section 16(a) of the Securities Exchange Act of 1934, as
amended (the Exchange Act), or any rule or regulation of
the SEC; and (b) execute for and on behalf of the
undersigned, in the undersigneds capacity as a director or
officer, or both, of the Company, Forms 3, 4 and 5 in
accordance with Section 16 of the Exchange Act, as well as
Forms 144, and complete and execute any amendment or
amendments thereto, and to file the same or cause the same
to be filed with the SEC.

	This Power of Attorney supersedes any and all prior
and existing powers of attorney signed by the undersigned
with respect to the subject matter hereof, and shall remain
in full force and effect until the undersigned is no longer
required to file Forms 3, 4, 5 or 144 with respect to the
undersigneds holdings of and transactions in securities
issued by the Company, unless earlier revoked by the
undersigned in a signed writing delivered to the foregoing
attorneys-in-fact.

May 20, 2014				/s/ Gerard Martellozo
						    Gerard Martellozo
ds holdings of and transactions in securities
issued by the Company, unless earlier revoked by the
undersigned in a signed writing delivered to the foregoing
attorneys-in-fact.

May 20, 2014				/s/ Gerard Martellozo
						    Gerard Ma