Schlumberger Issues Venezuela Update

  Schlumberger Issues Venezuela Update

Business Wire

PARIS -- March 31, 2013

Schlumberger CEO Paal Kibsgaard commented, “In Venezuela, after meetings with
PDVSA, the collections have improved to the point that we will recognize all
revenue associated with our first-quarter operations. We further expect to
finalize a new payment agreement with PDVSAand weanticipate ramping up
activity to meet the current and future needs of PDVSA's development and
production plans, thereby continuing our commitment to Venezuela.”

About Schlumberger

Schlumberger is the world’s leading supplier of technology, integrated project
management and information solutions to customers working in the oil and gas
industry worldwide. Employing more than 118,000 people representing over 140
nationalities and working in approximately 85 countries, Schlumberger provides
the industry’s widest range of products and services from exploration through

Schlumberger Limited has principal offices in Paris, Houston and The Hague,
and reported revenues of $42.15 billion in 2012. For more information, visit

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statements” within the meaning of the federal securities laws, which include
any statements that are not historical facts, such as our forecasts or
expectations regarding business outlook; increased activity in certain areas
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in exploration and production spending by Schlumberger’s customers and changes
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Schlumberger Limited
Malcolm Theobald, Vice President of Investor Relations
Joy V. Domingo, Manager of Investor Relations
+ 1 (713) 375-3535
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