Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  MacGregor Catherine
 2. Date of Event Requiring Statement (Month/Day/Year)
08/01/2016		 3. Issuer Name and Ticker or Trading Symbol
SCHLUMBERGER LTD /NV/ [SLB]
(Last)
(First)
(Middle)
5599 SAN FELIPE, 17TH FLOOR		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President, RCG
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

HOUSTON, TX 77056		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, $0.01 Par Value Per Share 33,809
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right 01/20/2012(1) 01/20/2021 Common Stock, $0.01 Par Value Per Share 30,000 $ 83.885 D  
NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right 01/19/2013(2) 01/19/2022 Common Stock, $0.01 Par Value Per Share 25,000 $ 72.11 D  
NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right 04/18/2014(3) 04/18/2023 Common Stock, $0.01 Par Value Per Share 20,000 $ 70.925 D  
NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right 04/16/2015(4) 04/16/2024 Common Stock, $0.01 Par Value Per Share 24,000 $ 100.555 D  
RSU (Restricted Stock Unit)   (5)   (5) Common Stock, $0.01 Par Value Per Share 1,600 $ 0 D  
NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right 04/16/2016(6) 04/16/2025 Common Stock, $0.01 Par Value Per Share 24,000 $ 91.74 D  
NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right 04/20/2017(7) 04/20/2026 Common Stock, $0.01 Par Value Per Share 30,000 $ 80.525 D  
RSU (Restricted Stock Unit)   (8)   (8) Common Stock, $0.01 Par Value Per Share 3,500 $ 0 D  
NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right 07/20/2017(9) 07/20/2026 Common Stock, $0.01 Par Value Per Share 114,000 $ 79.85 D  
NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right 01/17/2009(10) 01/17/2018 Common Stock, $0.01 Par Value Per Share 35,000 $ 84.93 D  
NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right 04/23/2010(11) 04/23/2019 Common Stock, $0.01 Par Value Per Share 40,000 $ 45.88 D  
NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right 01/21/2011(12) 01/21/2020 Common Stock, $0.01 Par Value Per Share 30,000 $ 68.505 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MacGregor Catherine
5599 SAN FELIPE, 17TH FLOOR
HOUSTON, TX 77056		       President, RCG  

Signatures

/s/ Saul R. Laureles, Attorney-in-Fact 08/09/2016
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(1) Became exercisable in four equal annual installments beginning January 20, 2012.
(2) Became exercisable in four equal annual installments beginning January 19, 2013.
(3) Became exercisable in five equal annual installments beginning April 18, 2014.
(4) Became exercisable in five equal annual installments beginning April 16, 2015.
(5) Subject to 3-year cliff vesting on April 16, 2017.
(6) Became exercisable in five equal annual installments beginning April 16, 2016.
(7) Will become exercisable in five equal annual installments beginning April 20, 2017.
(8) Subject to 3-year cliff vesting on April 20, 2019.
(9) Will become exercisable in five equal annual installments beginning July 20, 2017.
(10) Became exercisable in four equal annual installments beginning January 17, 2009.
(11) Became exercisable in four equal annual installments beginning April 23, 2010.
(12) Became exercisable in four equal annual installments beginning January 21, 2011.

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