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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1. Name and Address of Reporting Person *   Le Peuch Olivier 2. Date of Event Requiring Statement (Month/Day/Year) 02/27/2017 3. Issuer Name and Ticker or Trading Symbol SCHLUMBERGER LIMITED/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 Cameron Group 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 45,931 D Â

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
Incentive Stock Option (Right to Buy)	  (1)	04/16/2025	Common Stock, $0.01 Par Value Per Share	5,450	$ 91.74	D	Â
Incentive Stock Option (Right to Buy)	04/20/2021	04/20/2026	Common Stock, $0.01 Par Value Per Share	1,241	$ 80.525	D	Â
Non-Qualified Stock Option (Right to Buy)	  (2)	04/18/2023	Common Stock, $0.01 Par Value Per Share	30,000	$ 70.925	D	Â
Non-Qualified Stock Option (Right to Buy)	  (3)	04/16/2024	Common Stock, $0.01 Par Value Per Share	30,000	$ 100.555	D	Â
Non-Qualified Stock Option (Right to Buy)	  (1)	04/16/2025	Common Stock, $0.01 Par Value Per Share	18,550	$ 91.74	D	Â
Non-Qualified Stock Option (Right to Buy)	  (4)	04/20/2026	Common Stock, $0.01 Par Value Per Share	28,759	$ 80.525	D	Â
Non-Qualified Stock Option (Right to Buy)	04/17/2013	04/17/2018	Common Stock, $0.01 Par Value Per Share	20,000	$ 93.97	D	Â
Non-Qualified Stock Option (Right to Buy)	01/22/2014	01/22/2019	Common Stock, $0.01 Par Value Per Share	15,000	$ 37.845	D	Â
Non-Qualified Stock Option (Right to Buy)	01/21/2015	01/21/2020	Common Stock, $0.01 Par Value Per Share	15,000	$ 68.505	D	Â
Non-Qualified Stock Option (Right to Buy)	07/22/2015	07/22/2020	Common Stock, $0.01 Par Value Per Share	30,000	$ 61.07	D	Â
Non-Qualified Stock Option (Right to Buy)	01/20/2016	01/20/2021	Common Stock, $0.01 Par Value Per Share	27,000	$ 83.885	D	Â
Non-Qualified Stock Option (Right to Buy)	01/19/2017	01/19/2022	Common Stock, $0.01 Par Value Per Share	30,000	$ 72.11	D	Â
RSU (Restricted Stock Unit)	  (5)	  (5)	Common Stock, $0.01 Par Value Per Share	12,000	$ 0 (6)	D	Â
RSU (Restricted Stock Unit)	  (7)	  (7)	Common Stock, $0.01 Par Value Per Share	4,100	$ 0 (6)	D	Â
RSU (Restricted Stock Unit)	  (8)	  (8)	Common Stock, $0.01 Par Value Per Share	10,000	$ 0 (6)	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Le Peuch Olivier 5599 SAN FELIPE, 17TH FLOOR HOUSTON, TX 77056	Â	Â	  President Cameron Group	Â

Signatures

/s/ Grace B Holmes, Attorney-in-Fact		03/08/2017
**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)	This option is exercisable in five equal annual installments beginning on April 16, 2016.
(2)	This option is exercisable in five equal annual installments beginning on April 18, 2014.
(3)	This option is exercisable in five equal annual installments beginning on April 16, 2015.
(4)	This option is exercisable in five installments as follows: 6,000 shares on April 20, 2017, 2018, 2019 and 2020, and 4,758 shares on April 20, 2021.
(5)	The restricted stock unit award was granted October 16, 2014 and vests 100% on October 16, 2017.
(6)	Each restricted stock unit represents the right to receive, at settlement, one (1) share of common stock.
(7)	The restricted stock unit award was granted April 20, 2016 and vests 100% on April 20, 2019.
(8)	The restricted stock unit award was granted July 20, 2016 and vests 100% on July 20, 2019.

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