Liquid Robotics and Schlumberger Form Oil & Gas Joint Venture

Liquid Robotics, Inc. and Schlumberger today announced the creation of
Liquid Robotics Oil & Gas, a joint venture to develop services for the
oil and gas industry using Wave Gliders, the world′s first wave-powered,
autonomous marine vehicles. The joint venture will combine Liquid
Robotics Wave Glider technology with Schlumberger oil and gas expertise
and industry knowledge to integrate and deploy new solutions for
customers worldwide.

Liquid Robotics and Schlumberger have equal ownership of the joint
venture. Liquid Robotics will provide fleets of Wave Gliders together
with relevant engineering, piloting and maintenance expertise, while
Schlumberger brings their upstream technology and market leadership. The
joint venture will be the exclusive distributor of Wave Glider products
and services to oil and gas customers worldwide.

'We are continually interested in developing innovative technologies of
value to the oil and gas industry,? commented Ashok Belani, chief
technology officer, Schlumberger. 'We are extremely excited about the
new capabilities the unique Wave Glider platform will bring to offshore
exploration and production?particularly in the areas of seismic, subsea
and environmental monitoring.?

Wave Gliders offer a game-changing capability to operate offshore for up
to a year without requiring a crew, fuel or a dedicated support vessel
during their mission. Fleets of Wave Gliders have crossed hundreds of
thousands of miles of the earth′s oceans to help scientific, defense and
industrial customers gain valuable insights into the marine environment.

'I am very excited about our joint venture with Schlumberger and the
opportunity to expand the Wave Glider′s role in the oil and gas market,?
said Bill Vass, chief executive officer, Liquid Robotics. 'By teaming
with Schlumberger, we can greatly accelerate the availability and
worldwide deployment of innovative oil and gas solutions. Together, we
are changing the economic and risk profile of worldwide ocean
measurement.?

About Liquid Robotics Oil & Gas

Liquid Robotics Oil & Gas, a joint venture with Schlumberger, is an
innovative company supplying leading edge environmental and measurement
services to oil and gas companies worldwide. Delivered securely and
on-demand, these offshore services help customers solve some of the
industry′s greatest exploration and environmental monitoring challenges.
Liquid Robotics Oil & Gas is headquartered in Houston, Texas. For more
information, visit http://www.lrog.com/company.html.

About Liquid Robotics

Liquid Robotics, Inc. is an ocean data services provider and developer
of the Wave Glider ?, the first wave-powered marine robot, that functions
as a persistent and versatile platform for scientific, industrial and
defense applications. Based in Silicon Valley and Hawaii, the company′s
Wave Glider is enabling dozens of applications and missions never before
attainable. Liquid Robotics ?is backed by VantagePoint Capital Partners.
For more information, visit www.liquidr.com.

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 113,000 people
representing over 140 nationalities and working in approximately 85
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 $39.54 billion in 2011. For more
information, visit www.slb.com.

Liquid Robotics and Wave Glider are registered trademarks of Liquid
Robotics, Inc., in the United States and other countries.

Schlumberger Limited

Stephen Whittaker, +33 1 4062 1330

Director
of External Communications

swhittaker@slb.com

or

Liquid
Robotics, Inc.

Joanne Masters, +1 858 232 5538

PR &
Marketing

joanne.masters@liquidr.com