Schlumberger NV: Key Developments

Schlumberger Limited Declares Quarterly Dividend
October 22, 2009
Schlumberger Limited announced that it has declared a quarterly dividend of $0.21 per share of outstanding common stock. The dividend is payable on January 8, 2010 to stockholders of record at the close of business on December 2, 2009.
National-Oilwell Varco, Inc. And Schlumberger Limited Form IntelliServ Joint Venture
September 28, 2009
National-Oilwell Varco, Inc. and Schlumberger Limited announced the creation of a joint venture to provide high-speed drill string telemetry systems to improve the efficiency and safety of oil and gas operations. The IntelliServ joint venture is expected to accelerate development and delivery of intelligent drilling solutions through the expanded use of the IntelliServ Broadband Network, apatented technology that provides high resolution data in real time to and from the bottom of oil and gas wells as they are being drilled. IntelliServ also will provide along-string evaluation services that will enable real-time monitoring of drill string conditions, and an unlimited ability to actuate downhole tools on-demand. National Oilwell Varco owns 55 percent of the joint venture and provides manufacturing, technical and operational support, while Schlumberger owns 45 percent and brings evaluation and measurement expertise, and will pursue the development of advanced drilling-related systems enabled by the IntelliServ Broadband Network. The joint venture will maintain the open access architecture of the IntelliServ Broadband Network, and will seek to become the industry standard for all drilling tools utilizing high data transmission rates.
Schlumberger Limited Declares Quarterly Dividend
July 23, 2009
Schlumberger Limited announced that it has declared a quarterly dividend of $0.21 per share of outstanding common stock. The dividend is payable on October 2, 2009 to stockholders of record at the close of business on September 2, 2009.
Schlumberger Limited Declares Quarterly Dividend
April 23, 2009
Schlumberger Limited announced that its Board of Directors has declared a quarterly dividend of $0.21per share of outstanding common stock. The dividend is payable on July 10, 2009 to stockholders of record at the close of business on June 3, 2009.
Schlumberger Limited Eyes More Job Cuts-Reuters
March 23, 2009
Reuters reported that Schlumberger Limited said after cutting 5% of its 87,000 workforce this quarter, would probably make headcount cuts of a similar size in the coming months.
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Page generated 11/24/2009 11:47 PM Eastern Time

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