Schlumberger Canada Limited Completes Offering

On July 11, 2007, Schlumberger Canada Limited completed a private offering of $250 million principal amount of 5.14 per cent First Series Guaranteed Notes due July 12, 2010. The syndicate of agents was led by BMO Nesbitt Burns Inc. and Societe Generale (Canada Branch) and included HSBC Securities (Canada) Inc.

Schlumberger Canada Limited and Schlumberger Limited were represented internally by Taik Lim and Saul Laureles and by Bennett Jones LLP with a team that consisted of Denise Bright (banking and securities), Andrew Lloyd (corporate) and Scott Bodie (tax).

The agents were represented by Stikeman Elliott LLP with a team that consisted of Maurice Swan and Rhoda Aylward.