Schlumberger Issues Fourth-Quarter 2012 Operational Update

14.12.2012  |  Business Wire

Schlumberger Limited (NYSE:SLB) provided the following fourth-quarter
operational update today:

• 
  The Europe/CIS/Africa Area is experiencing continued contractual
  delays combined with higher than usual seasonal slowdowns in activity
  
• 
  North America activity is weaker than anticipated on land in the US
  and Western Canada.
  

The ?combined earnings per share impact of the above is estimated to be
in the range of $0.05 ?to $0.07 ?per share.

Schlumberger will discuss final results of the fourth quarter in detail
during its previously announced fourth quarter earnings conference call
on January 18, 2013, beginning at 9:00 am (US Eastern Time), 3:00 pm
(Paris time).

This news release contains forward-looking statements within the federal
securities laws, which include any statements that are not historical
facts, such as our forecasts or expectations regarding the fourth
quarter. These statements are subject to risks and uncertainties,
including, but not limited to, global economic conditions; changes in
exploration and production spending by Schlumberger′s customers and
changes in the level of oil and natural gas exploration and development;
general economic, political and business conditions in key regions of
the world; pricing erosion; weather and seasonal factors; operational
delays; changes in government regulations and regulatory requirements,
including those related to offshore oil and gas exploration, radioactive
sources, explosives, chemicals, hydraulic fracturing services and
climate-related initiatives; the inability of technology to meet new
challenges in exploration; and other risks and uncertainties detailed in
our most recent Form 10-K and other filings that we make with the
Securities and Exchange Commission. If one or more of these or other
risks or uncertainties materialize (or the consequences of such a
development changes), or should our underlying assumptions prove
incorrect, actual outcomes may vary materially from those reflected in
our forward-looking statements. Schlumberger disclaims any intention or
obligation to update publicly or revise such statements, whether as a
result of new information, future events or otherwise.

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 more than 115,000 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 $36.96 billion in 2011. For more information, visit www.slb.com.