<SEC-DOCUMENT>0001246360-11-002094.txt : 20110413
<SEC-HEADER>0001246360-11-002094.hdr.sgml : 20110413
<ACCEPTANCE-DATETIME>20110413124012
ACCESSION NUMBER:		0001246360-11-002094
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110406
FILED AS OF DATE:		20110413
DATE AS OF CHANGE:		20110413

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Olayan Lubna S.
		CENTRAL INDEX KEY:			0001518053

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04601
		FILM NUMBER:		11756524

	MAIL ADDRESS:	
		STREET 1:		5599 SAN FELIPE STREET
		STREET 2:		17TH FLOOR
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77056

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:		5599 SAN FELIPE
		STREET 2:		17TH FLOOR
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77056
		BUSINESS PHONE:		7135132000

	MAIL ADDRESS:	
		STREET 1:		5599 SAN FELIPE
		STREET 2:		17TH FLOOR
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77056

	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>form.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0203</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2011-04-06</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001518053</rptOwnerCik>
            <rptOwnerName>Olayan Lubna S.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>5599 SAN FELIPE, 17TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>HOUSTON</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>77056</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isOfficer>false</isOfficer>
            <isTenPercentOwner>false</isTenPercentOwner>
            <isOther>false</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, $0.01 par value per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <ownerSignature>
        <signatureName>Saul R. Laureles, Attorney-in-Fact</signatureName>
        <signatureDate>2011-04-13</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>dgarstylepowerofattorney.txt
<TEXT>
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.
April 6, 2011 	/s/ Lubna S. Olayan
 144 with respect to the undersigneds
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
