FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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OMB Number: 3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Juden Alexander C. 		2. Issuer Name and Ticker or Trading Symbol

SCHLUMBERGER LTD /NV/ [ SLB ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Secretary and General Counsel
(Last)          (First)          (Middle)

5599 SAN FELIPE, 17TH FLOOR 		3. Date of Earliest Transaction (MM/DD/YYYY)

10/21/2013
(Street)

HOUSTON, TX 77056
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $0.01 par value per share   10/21/2013     M    2155   A $84.93   15668   D    
Common Stock, $0.01 par value per share   10/21/2013     M    2999   A $58.455   18667   D    
Common Stock, $0.01 par value per share   10/21/2013     M    7845   A $84.93   26512   D    
Common Stock, $0.01 par value per share   10/21/2013     M    42999   A $37.845   69511   D    
Common Stock, $0.01 par value per share   10/21/2013     M    2001   A $58.455   71512   D    
Common Stock, $0.01 par value per share   10/21/2013     S    1456   D $93.66   70056   D    
Common Stock, $0.01 par value per share   10/21/2013     S    2999   D $93.66   67057   D    
Common Stock, $0.01 par value per share   10/21/2013     S    7845   D $93.66   59212   D    
Common Stock, $0.01 par value per share   10/21/2013     S    42999   D $93.66   16213   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Incentive Stock Option (right to buy)   $58.455   10/21/2013     M         2001    1/17/2008   (1) 1/17/2017   Common Stock, $0.01 par value per share   2001   $0   0   D    
Incentive Stock Option (right to buy)   $84.93   10/21/2013     M         2155    1/17/2009   (2) 1/17/2018   Common Stock, $0.01 par value per share   2155   $0   0   D    
NQ Stock Option (right to buy) w/ tandem Tax w/h right   $58.455   10/21/2013     M         2999    1/17/2008   (3) 1/17/2017   Common Stock, $0.01 par value per share   2999   $0   0   D    
NQ Stock Option (right to buy) w/ tandem Tax w/h right   $84.93   10/21/2013     M         7845    1/17/2009   (2) 1/17/2018   Common Stock, $0.01 par value per share   7845   $0   0   D    
NQ Stock Option (right to buy) w/ tandem Tax w/h right   $37.845   10/21/2013     M         42999    1/22/2010   (4) 1/22/2019   Common Stock, $0.01 par value per share   42999   $0   11358   D    

Explanation of Responses:
( 1)  This option becomes exercisable in five equal annual installments beginning January 17, 2008.
( 2)  This option becomes exercisable in five equal annual installments beginning January 17, 2009.
( 3)  This option becomes exercisable in five equal annual installments beginning January 17, 2008.
( 4)  This option becomes exercisable in five equal annual installments beginning January 22, 2010.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Juden Alexander C.
5599 SAN FELIPE, 17TH FLOOR
HOUSTON, TX 77056

Secretary and General Counsel

Signatures
/s/Lynda Quagliara Attorney-in-Fact For: Alexander Juden 10/22/2013
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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