Schlumberger Technology Corporation Announces Results of Tender Offer

Schlumberger Technology Corporation, a wholly owned subsidiary of Schlumberger Limited

, announced today that it has purchased approximately 35.63% of the outstanding aggregate principal amount of its 6.50% Notes due 2012, which are all of the Notes that were tendered prior to 5:00 p.m., New York City time, on September 28, 2010 pursuant to its previously announced tender offer. According to the information provided by Global Bondholder Services Corporation, the Depositary for the Tender Offer, $231,338,000 in aggregate principal amount of the Notes was validly tendered and not validly withdrawn prior to the Expiration Date. After giving effect to the purchases, $417,907,000 in principal amount of the Notes remains outstanding.