Schlumberger Limited: Schlumberger Announces Senior Notes Redemption

Schlumberger Limited (“Schlumberger”) today announced that its subsidiaries will redeem approximately $895 million of senior notes due 2022.

Schlumberger Finance Canada Ltd., an indirect wholly owned subsidiary of Schlumberger (“SFCL”), will redeem the entire outstanding principal amount of its 2.65% Senior Notes due 2022 (the “SFCL Notes”), and Schlumberger Holdings Corporation, an indirect wholly owned subsidiary of Schlumberger (“SHC”), will redeem the entire outstanding principal amount of its 3.625% Senior Notes due 2022 (the “SHC Notes” and, collectively with the SFCL Notes, the “Notes”). The aggregate principal amount of the SFCL Notes outstanding is $600,000,000, and the aggregate principal amount of the SHC Notes outstanding is $295,328,000.

The redemption date for the SFCL Notes is October 20, 2022 and the redemption date for the SHC Notes is October 21, 2022 (each, a “Redemption Date”). The Notes will be redeemed on the applicable Redemption Date at a redemption price for each series of Notes equal to (a) 100% of the aggregate principal amount being redeemed, plus (b) accrued and unpaid interest on such Notes from the last interest payment date to, but excluding, the applicable Redemption Date, in accordance with the terms of the applicable series of Notes and the applicable indenture governing such series of Notes. On and after the applicable Redemption Date, interest will cease to accrue on the Notes and the Notes will cease to be outstanding.

Notices of redemption are being sent by the trustee for the Notes to all currently registered holders of such series of Notes.