Schlumberger and New Tech Engineering Sign Worldwide Agreement

HOUSTON, February 11, 2010 – Schlumberger and New Tech Engineering announced today that they have signed a worldwide agreement whereby New Tech Engineering will provide wellsite consultants and engineering services for Schlumberger Integrated Project Management (IPM) activities worldwide.

The agreement gives Schlumberger additional access to New Tech Engineering expertise in drilling operations consulting; deepwater environments; high-pressure-high-temperature operations; and production and completion services while New Tech Engineering gains expansion into new markets and geographical areas. The term of the agreement is for 10 years.

Founded in 1998, New Tech Engineering—a leading US-based upstream operations consulting firm—has headquarters in Houston, Texas, USA, with 66 employees and more than 350 wellsite consultants under management from a total resource base of 4,400 consultants. New Tech Engineering US branch offices are located in Fort Worth, Midland, Lafayette, Tyler, Denver and Pittsburgh. Internationally, New Tech Engineering has branch offices in Mexico City and Dubai with ongoing activity in more than 25 countries around the world.

About Schlumberger

Schlumberger is the world’s leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Employing approximately 77,000 people representing over 140 nationalities and working in approximately 80 countries, Schlumberger provides the industry’s widest range of products and services from exploration through production.

Schlumberger Limited has principal offices in Paris, Houston and The Hague and reported revenues of $22.70 billion in 2009. For more information, visit www.slb.com.

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For further information, contact:

Susan Ganz
Public Relations Manager–Western Hemisphere
Schlumberger
Tel:+1 713-939-2997
sganz1@slb.com