-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 FMdpA8Ai9po8adgjFIj+KskHpuwbhYfEyOqoYwRk4uHye097ILd0hKVY9tzDSSJ8
 0Hx4dTTnafZmAs8RXMqMXQ==

<SEC-DOCUMENT>0001250840-03-000003.txt : 20030703
<SEC-HEADER>0001250840-03-000003.hdr.sgml : 20030703
<ACCEPTANCE-DATETIME>20030702192305
ACCESSION NUMBER:		0001250840-03-000003
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030626
FILED AS OF DATE:		20030703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PFERDEHIRT DOUG
		CENTRAL INDEX KEY:			0001250840

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04601
		FILM NUMBER:		03773423

	MAIL ADDRESS:	
		STREET 1:		C/O SCHLUMBERGER LIMITED
		STREET 2:		153 EAST 53RD STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SCHLUMBERGER LTD /NV/
		CENTRAL INDEX KEY:			0000087347
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL, GAS FIELD SERVICES, NBC [1389]
		IRS NUMBER:				520684746
		STATE OF INCORPORATION:			P8
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		42 RUE ST DOMINIQUE
		CITY:			PARIS FRANCE 75007
		STATE:			I0
		ZIP:			75007
		BUSINESS PHONE:		2123509400

	MAIL ADDRESS:	
		STREET 1:		153 EAST 53 STREET 57TH FLOOR
		STREET 2:		153 EAST 53 STREET 57TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022-4624

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SCHLUMBERGER NV
		DATE OF NAME CHANGE:	19920804

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SCHLUMBERGER LTD
		DATE OF NAME CHANGE:	19880812
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>edgardoc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0101</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2003-06-26</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000087347</issuerCik>
        <issuerName>SCHLUMBERGER LTD /NV/</issuerName>
        <issuerTradingSymbol>slb</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001250840</rptOwnerCik>
            <rptOwnerName>PFERDEHIRT DOUG</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>VICE PRESIDENT</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeSecurity>
        <securityTitle>
            <value>Common Stock</value>
        </securityTitle>
        <transactionAmounts>
            <transactionShares>
                <value>4945</value>
            </transactionShares>
        </transactionAmounts>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </nonDerivativeSecurity>

    <derivativeSecurity>
        <securityTitle>
            <value>Incentive Stock Option (right to buy)</value>
        </securityTitle>
        <conversionOrExercisePrice>
            <value>24.966</value>
        </conversionOrExercisePrice>
        <exerciseDate>
            <value>1995-10-19</value>
                <footnoteId id="F1"/>
        </exerciseDate>
        <expirationDate>
            <value>2004-10-19</value>
        </expirationDate>
        <underlyingSecurity>
            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>
            <underlyingSecurityShares>
                <value>5495</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </derivativeSecurity>

    <derivativeSecurity>
        <securityTitle>
            <value>Incentive Stock Option (right to buy)</value>
        </securityTitle>
        <conversionOrExercisePrice>
            <value>38.473</value>
        </conversionOrExercisePrice>
        <exerciseDate>
            <value>1997-04-16</value>
                <footnoteId id="F2"/>
        </exerciseDate>
        <expirationDate>
            <value>2006-04-16</value>
        </expirationDate>
        <underlyingSecurity>
            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>
            <underlyingSecurityShares>
                <value>6594</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </derivativeSecurity>

    <derivativeSecurity>
        <securityTitle>
            <value>Incentive Stock Option (right to buy)</value>
        </securityTitle>
        <conversionOrExercisePrice>
            <value>42.596</value>
        </conversionOrExercisePrice>
        <exerciseDate>
            <value>1997-10-16</value>
                <footnoteId id="F3"/>
        </exerciseDate>
        <expirationDate>
            <value>2006-10-16</value>
        </expirationDate>
        <underlyingSecurity>
            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>
            <underlyingSecurityShares>
                <value>340</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </derivativeSecurity>

    <derivativeSecurity>
        <securityTitle>
            <value>Incentive Stock Option (right to buy)</value>
        </securityTitle>
        <conversionOrExercisePrice>
            <value>55.619</value>
        </conversionOrExercisePrice>
        <exerciseDate>
            <value>2000-04-21</value>
                <footnoteId id="F4"/>
        </exerciseDate>
        <expirationDate>
            <value>2009-04-21</value>
        </expirationDate>
        <underlyingSecurity>
            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>
            <underlyingSecurityShares>
                <value>3622</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </derivativeSecurity>

    <derivativeSecurity>
        <securityTitle>
            <value>Incentive Stock Option (right to buy)</value>
        </securityTitle>
        <conversionOrExercisePrice>
            <value>55.745</value>
        </conversionOrExercisePrice>
        <exerciseDate>
            <value>2003-04-17</value>
                <footnoteId id="F5"/>
        </exerciseDate>
        <expirationDate>
            <value>2012-04-17</value>
        </expirationDate>
        <underlyingSecurity>
            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>
            <underlyingSecurityShares>
                <value>3588</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </derivativeSecurity>

    <derivativeSecurity>
        <securityTitle>
            <value>Incentive Stock Option (right to buy)</value>
        </securityTitle>
        <conversionOrExercisePrice>
            <value>73.032</value>
        </conversionOrExercisePrice>
        <exerciseDate>
            <value>2001-04-19</value>
                <footnoteId id="F6"/>
        </exerciseDate>
        <expirationDate>
            <value>2010-04-19</value>
        </expirationDate>
        <underlyingSecurity>
            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>
            <underlyingSecurityShares>
                <value>3041</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </derivativeSecurity>

    <derivativeSecurity>
        <securityTitle>
            <value>Incentive Stock Option (right to buy)</value>
        </securityTitle>
        <conversionOrExercisePrice>
            <value>82.282</value>
        </conversionOrExercisePrice>
        <exerciseDate>
            <value>2001-10-19</value>
                <footnoteId id="F7"/>
        </exerciseDate>
        <expirationDate>
            <value>2010-10-19</value>
        </expirationDate>
        <underlyingSecurity>
            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>
            <underlyingSecurityShares>
                <value>150</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </derivativeSecurity>

    <derivativeSecurity>
        <securityTitle>
            <value>Incentive Stock Option (right to buy)</value>
        </securityTitle>
        <conversionOrExercisePrice>
            <value>82.348</value>
        </conversionOrExercisePrice>
        <exerciseDate>
            <value>1998-10-21</value>
                <footnoteId id="F8"/>
        </exerciseDate>
        <expirationDate>
            <value>2007-10-21</value>
        </expirationDate>
        <underlyingSecurity>
            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>
            <underlyingSecurityShares>
                <value>1148</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </derivativeSecurity>

    <derivativeSecurity>
        <securityTitle>
            <value>NQ Stock Option (right to buy) w/ tandem Tax w/h right</value>
        </securityTitle>
        <conversionOrExercisePrice>
            <value>42.596</value>
        </conversionOrExercisePrice>
        <exerciseDate>
            <value>1997-10-16</value>
                <footnoteId id="F3"/>
        </exerciseDate>
        <expirationDate>
            <value>2006-10-16</value>
        </expirationDate>
        <underlyingSecurity>
            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>
            <underlyingSecurityShares>
                <value>8451</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </derivativeSecurity>

    <derivativeSecurity>
        <securityTitle>
            <value>NQ Stock Option (right to buy) w/ tandem Tax w/h right</value>
        </securityTitle>
        <conversionOrExercisePrice>
            <value>55.619</value>
        </conversionOrExercisePrice>
        <exerciseDate>
            <value>2000-04-21</value>
                <footnoteId id="F4"/>
        </exerciseDate>
        <expirationDate>
            <value>2009-04-21</value>
        </expirationDate>
        <underlyingSecurity>
            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>
            <underlyingSecurityShares>
                <value>773</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </derivativeSecurity>

    <derivativeSecurity>
        <securityTitle>
            <value>NQ Stock Option (right to buy) w/ tandem Tax w/h right</value>
        </securityTitle>
        <conversionOrExercisePrice>
            <value>55.745</value>
        </conversionOrExercisePrice>
        <exerciseDate>
            <value>2003-04-17</value>
                <footnoteId id="F5"/>
        </exerciseDate>
        <expirationDate>
            <value>2012-04-17</value>
        </expirationDate>
        <underlyingSecurity>
            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>
            <underlyingSecurityShares>
                <value>11412</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </derivativeSecurity>

    <derivativeSecurity>
        <securityTitle>
            <value>NQ Stock Option (right to buy) w/ tandem Tax w/h right</value>
        </securityTitle>
        <conversionOrExercisePrice>
            <value>71.315</value>
        </conversionOrExercisePrice>
        <exerciseDate>
            <value>1999-04-15</value>
                <footnoteId id="F9"/>
        </exerciseDate>
        <expirationDate>
            <value>2008-04-15</value>
        </expirationDate>
        <underlyingSecurity>
            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>
            <underlyingSecurityShares>
                <value>4396</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </derivativeSecurity>

    <derivativeSecurity>
        <securityTitle>
            <value>NQ Stock Option (right to buy) w/ tandem Tax w/h right</value>
        </securityTitle>
        <conversionOrExercisePrice>
            <value>73.032</value>
        </conversionOrExercisePrice>
        <exerciseDate>
            <value>2001-04-19</value>
                <footnoteId id="F6"/>
        </exerciseDate>
        <expirationDate>
            <value>2010-04-19</value>
        </expirationDate>
        <underlyingSecurity>
            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>
            <underlyingSecurityShares>
                <value>2959</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </derivativeSecurity>

    <derivativeSecurity>
        <securityTitle>
            <value>NQ Stock Option (right to buy) w/ tandem Tax w/h right</value>
        </securityTitle>
        <conversionOrExercisePrice>
            <value>82.282</value>
        </conversionOrExercisePrice>
        <exerciseDate>
            <value>2001-10-19</value>
                <footnoteId id="F7"/>
        </exerciseDate>
        <expirationDate>
            <value>2010-10-19</value>
        </expirationDate>
        <underlyingSecurity>
            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>
            <underlyingSecurityShares>
                <value>4850</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </derivativeSecurity>

    <derivativeSecurity>
        <securityTitle>
            <value>NQ Stock Option (right to buy) w/ tandem Tax w/h right</value>
        </securityTitle>
        <conversionOrExercisePrice>
            <value>82.348</value>
        </conversionOrExercisePrice>
        <exerciseDate>
            <value>1998-10-21</value>
                <footnoteId id="F8"/>
        </exerciseDate>
        <expirationDate>
            <value>2007-10-21</value>
        </expirationDate>
        <underlyingSecurity>
            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>
            <underlyingSecurityShares>
                <value>4346</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </derivativeSecurity>

    <footnotes>
        <footnote id="F1">Exercisable in five equal annual installments beginning October 19, 1995.        </footnote>
        <footnote id="F2">Option became exercisable in five annual installments beginning on April 16, 1997.</footnote>
        <footnote id="F3">EXERCISABLE IN FIVE EQUAL ANNUAL INSTALLMENTS BEGINNING OCTOBER 16,1997</footnote>
        <footnote id="F4">Exercisable in five equal annual installments beginning April 21, 2000.</footnote>
        <footnote id="F5">Exercisable in five equal annual installments beginning April 17,2003.</footnote>
        <footnote id="F6">The option became exercisable in five equal annual installments beginning April 19,2001.</footnote>
        <footnote id="F7">The option vests in five equal installments beginning on October 19, 2001.</footnote>
        <footnote id="F8">The option becomes exercisable in five equal annual installments beginning October 21, 1998.        </footnote>
        <footnote id="F9">The options became exercisable in five equal annual installments on April 15, 1999.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>By: /s/ Janet B. Glassmacher Attorney in fac  For: Douglas Pferdehirt</signatureName>
        <signatureDate>2003-07-02</signatureDate>
    </ownerSignature>

</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>3
<FILENAME>poapherdehirt.txt
<DESCRIPTION>EDGAR SUPPORTING DOCUMENT
<TEXT>
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, Lynda M. Quagliara and Ellen
Summer, 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 or
Form 5, 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 and 5.

June 27, 2003	/s/ Doug Pferdehirt
	          Doug Pferdehirt













</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
