<SEC-DOCUMENT>0001246360-12-002375.txt : 20120515
<SEC-HEADER>0001246360-12-002375.hdr.sgml : 20120515
<ACCEPTANCE-DATETIME>20120515121510
ACCESSION NUMBER:		0001246360-12-002375
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20120507
FILED AS OF DATE:		20120515
DATE AS OF CHANGE:		20120515

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Orr Stephen
		CENTRAL INDEX KEY:			0001549758

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04601
		FILM NUMBER:		12842465

	MAIL ADDRESS:	
		STREET 1:		C/O SCHLUMBERGER LIMITED
		STREET 2:		5599 SAN FELIPE, 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>X0205</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2012-05-07</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001549758</rptOwnerCik>
            <rptOwnerName>Orr Stephen</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>false</isDirector>
            <isOfficer>true</isOfficer>
            <isTenPercentOwner>false</isTenPercentOwner>
            <isOther>false</isOther>
            <officerTitle>President Drilling Group</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, $0.01 par value per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>7579</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>NQ Stock Option (right to buy) w/ tandem Tax w/h right</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>66.03</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2007-04-19</value>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2016-04-19</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.01 par value per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>NQ Stock Option (right to buy) w/ tandem Tax w/h right</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>84.93</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2012-01-17</value>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <value>2018-01-17</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.01 par value per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>5000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>NQ Stock Option (right to buy) w/ tandem Tax w/h right</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>93.97</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2012-04-17</value>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <value>2018-04-17</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.01 par value per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>15000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Incentive Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>37.85</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2010-01-22</value>
                <footnoteId id="F4"/>
            </exerciseDate>
            <expirationDate>
                <value>2019-01-22</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.01 par value per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>7926</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>NQ Stock Option (right to buy) w/ tandem Tax w/h right</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>37.85</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2010-01-22</value>
                <footnoteId id="F5"/>
            </exerciseDate>
            <expirationDate>
                <value>2019-01-22</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.01 par value per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>4074</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Incentive Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>68.51</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2011-01-21</value>
                <footnoteId id="F6"/>
            </exerciseDate>
            <expirationDate>
                <value>2020-01-21</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.01 par value per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1459</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>NQ Stock Option (right to buy) w/ tandem Tax w/h right</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>68.51</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2011-01-21</value>
                <footnoteId id="F6"/>
            </exerciseDate>
            <expirationDate>
                <value>2020-01-21</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.01 par value per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>22541</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>NQ Stock Option (right to buy) w/ tandem Tax w/h right</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>64.23</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2011-10-21</value>
                <footnoteId id="F7"/>
            </exerciseDate>
            <expirationDate>
                <value>2020-10-21</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.01 par value per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>30000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Incentive Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>72.11</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2013-01-19</value>
                <footnoteId id="F8"/>
            </exerciseDate>
            <expirationDate>
                <value>2022-01-19</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.01 par value per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2772</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>NQ Stock Option (right to buy) w/ tandem Tax w/h right</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>72.11</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2013-01-19</value>
                <footnoteId id="F9"/>
            </exerciseDate>
            <expirationDate>
                <value>2022-01-19</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.01 par value per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>22228</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>RSU (restricted stock unit)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2013-02-04</value>
                <footnoteId id="F10"/>
            </exerciseDate>
            <expirationDate>
                <value>2020-04-04</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.01 par value per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>8000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>RSU (restricted stock unit)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2015-04-19</value>
                <footnoteId id="F11"/>
            </exerciseDate>
            <expirationDate>
                <value>2022-04-19</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.01 par value per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>10000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Became exercisable in five equal annual installments beginning April 19, 2007.</footnote>
        <footnote id="F2">Subject to 4-year cliff vesting and became fully exercisable on January 17, 2012.</footnote>
        <footnote id="F3">Subject to 4-year cliff vesting and became fully exercisable on April 17, 2012.</footnote>
        <footnote id="F4">Becomes exercisable in five equal annual installments beginning January 22, 2010.</footnote>
        <footnote id="F5">Becomes exercisable in five equal annual installments beginning January 22, 2010.</footnote>
        <footnote id="F6">Becomes exercisable in five equal annual installments beginning January 21, 2011.</footnote>
        <footnote id="F7">Becomes exercisable in five equal annual installments beginning October 21, 2011.</footnote>
        <footnote id="F8">Becomes exercisable in five equal annual installments beginning January 19, 2013.</footnote>
        <footnote id="F9">Becomes exercisable in five equal annual installments beginning January 19, 2013.</footnote>
        <footnote id="F10">Subject to 3-year cliff vesting and fully vests on February 4, 2013.</footnote>
        <footnote id="F11">Subject to 3-year cliff vesting and fully vests on April 19, 2015.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Saul R. Laureles, Attorney-in-Fact</signatureName>
        <signatureDate>2012-05-15</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>erofattorneystephenorr.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
undersigned?s name and on the undersigned?s 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 undersigned?s
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 undersigned?s
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 8, 2012			\s\ Stephen Orr
					Stephen Orr

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
