2003 Annual Report
 
 
   
English (size 912 KB)  

   

   

   

   

   
   
   
   
   
   
 
   

  Directors and Officers

  Corporate Information

Print friendly pdf of Form 10-K Part IV
Part IV

 
SIGNATURES
 
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
Date: March 3, 2004 SCHLUMBERGER LIMITED
 
  By: /s/ FRANK A. SORGIE
   
Frank A. Sorgie
Chief Accounting Officer


Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

Name

  Title
*

Andrew Gould
 
  Director, Chairman and Chief Executive Officer
/s/   JEAN-MARC PERRAUD

Jean-Marc Perraud
 
  Executive Vice President and Chief Financial Officer
/s/   FRANK A. SORGIE

Frank A. Sorgie
 
  Chief Accounting Officer
*

John Deutch
 
  Director
*

Jamie S. Gorelick
 
  Director
*

Tony Isaac
 
  Director
*

Adrian Lajous
 
  Director
*

André Lévy-Lang
 
  Director
*

Didier Primat
 
  Director
*

Nicolas Seydoux
 
  Director
*

Linda G. Stuntz
 
  Director
*

Sven Ullring
 
  Director
/s/    ELLEN SUMMER

*By Ellen Summer  Attorney-in-Fact
  March 3, 2004




INDEX TO EXHIBITS

  Exhibit   Page
Deed of Incorporation as last amended on May 4, 2001 incorporated by
  reference to Form 10-Q for the period ended June 30, 2001

3(a)  
By-Laws as last amended on April 17, 2003, incorporated by reference to
  Exhibit 3 to Form 8-K filed April 17, 2003

  3(b)  
Indenture, dated as of June 9, 2003, by and between Schlumberger and
  Citibank N.A., as Trustee, incorporated by reference to Exhibit 4.3 to
  Registration Statement S-3 filed on September 12, 2003

  4.3    
First Supplemental Indenture, dated as of June 9, 2003, by and between
  Schlumberger and Citibank, N.A., as Trustee, incorporated by reference
  to Exhibit 4.4 to Registration Statement S-3 filed on September 12, 2003

  4.4    
Schlumberger 1994 Stock Option Plan, as amended on January 5, 1995,
  incorporated byreference to Exhibit 10(a) to Form 10-K for year 1995

  10(a)  
Schlumberger 1994 Stock Option Plan – Second Amendment incorporated
  by reference to Exhibit 10(b) to Form 10-K for the year 1999

  10(b)  
Schlumberger 1994 Stock Option Plan – Third Amendment incorporated
  by reference to Exhibit 10(c) to Form 10-K for the year 1999

  10(c)  
Schlumberger Limited Supplementary Benefit Plan, as amended, on January 1,
  1995, incorporated by reference to Exhibit 10(b) to Form 10-K for 1996

  10(d)  
Schlumberger 1989 Stock Incentive Plan, as amended, incorporated by
  reference to Exhibit 10(c) to Form 10-K for year 1995

  10(e)  
Schlumberger 1989 Stock Incentive Plan – Third Amendment incorporated
  by reference to Exhibit 10(f) to Form 10-K for the year 1999

  10(f)  
Schlumberger Restoration Savings Plan, incorporated by reference to
  Exhibit 10(f) to Form 10-K for year 1995

  10(g)  
Schlumberger 1998 Stock Option Plan, incorporated by reference to
  Exhibit 10(g) to Form 10-K for year 1997

  10(h)  
Schlumberger 1998 Stock Option Plan – First Amendment incorporated
  by reference to Exhibit 10(i) to Form 10-K for the year 1999

  10(i)  
1997 Long-Term Incentive Plan of Camco International Inc.;
  Long-Term Incentive Plan of Camco International Inc.; Production
  Operators Corp. 1992 Long-Term Incentive Plan; Camco 1996
  Savings Related Share Option Scheme; Camco International Inc.
  Amended and Restated Stock Option Plan for Nonemployee
  Directors; incorporated by reference to Exhibit 10 to Form S-8
  of August 31, 1998

  10(j)  
Schlumberger 2001 Stock Option Plan, incorporated by reference to
  Form 10-Q for the period ended March 31, 2001

  10(k)  
Schlumberger Stock and Deferral Plan for Non-Employee Directors,
  incorporated by reference to Exhibit 10(l) to Form 10-K for the year 2001

  10(l)  
Subsidiaries

  21   78
Consent of Independent Accountants

  23   79
Powers of Attorney dated:
John Deutch January 22, 2004
  24(a)   80
Jamie S. Gorelick        
Andrew Gould        
Adrian Lajous        
André Lévy-Lang        
Didier Primat        
Nicolas Seydoux        
Linda G. Stuntz        
Sven Ullring        
Tony Issac January 29, 2004
  24(b)   81

Additional Exhibits:
       
Certification of Chief Executive Officer
  pursuant to Form of Rule 13a-14(a) as Adopted
  31(a)   82
         
Certification of Chief Financial Officer
  pursuant to Form of Rule 13a-14(a) as Adopted
  31(b)   83
         
Certification of Chief Executive Officer
  pursuant to 18 U.S.C. Section 1350, as Adopted
  32(a)   84
         
Certification of Chief Financial Officer
  pursuant to 18 U.S.C. Section 1350, as Adopted
  32(b)   85
         
Form S-8 Undertakings   99   86
 




Exhibit 21

 
Significant Subsidiaries

Listed below are the significant first tier subsidiaries of the Registrant, along with the total number of active subsidiaries directly or indirectly owned by each as of February 16, 2004. Certain second, third and fourth tier subsidiaries, though included in the numbers, are also shown by name. Ownership is 100% unless otherwise indicated. The business activities of the subsidiaries have been keyed as follows: (a) Oilfield Services, (b) WesternGeco, (c) General/Multiple (d) Other.

  U.S.     Non-U.S.
Schlumberger B.V., Netherlands (c)       25(a) 1
        11(b) 2
        9(c)  
        41(d) 3
     Schlumberger Canada Limited, Ontario (c)          
     Schlumberger GmbH, Germany (c)          
     Schlumberger SA, France (c)          
          Services Petroliers Schlumberger, France (a)          
     *WesternGeco B.V., Netherlands (a)          
          WesternGeco A.S., Norway (a)          
Schlumberger Offshore Services N.V. (Limited), Netherlands Antilles (a)       11(a)  
     Schlumberger Antilles N.V., Netherlands Antilles (a)          
Schlumberger Overseas, S.A., Panama (c)       144(a) 4
        26(b) 5
        16(c)  
        27(d) 6
            MC&C Holdings Limited, BVI (c)          
               Schlumberger Plc, UK (c)          
                  Schlumberger Evaluation and Production Services (UK) Limited, UK (a)          
                  *WesternGeco Limited, UK (a)          
            Schlumberger Oilfield Holdings Limited, BVI (a)          
               Dowell Schlumberger Corporation, BVI (a)          
               Schlumberger Holdings Limited, BVI (a)          
                  Schlumberger Middle East S.A., Panama (a)          
                  Schlumberger Seaco, Inc., Panama (a)          
                  Schlumberger Surenco, S.A., Panama (a)          
                  *WesternGeco Seismic Holdings Limited, BVI (a)          
Schlumberger Technology Corporation, Texas (c) 5(a) 7   1(a)  
  3(b) 8   1(b)  
  4(c)        
  8(d)        
                  *WesternGeco L.L.C., Delaware (a)
 
         
* 70% owned by Registrant
1 Includes one majority-owned subsidiary and one 50%-owned subsidiary.
2 Includes two majority-owned subsidiaries, one of which is named, and one 50%-owned subsidiary.
3 Includes one majority-owned subsidiary.
4 Includes eight majority-owned subsidiaries and three 50%-owned subsidiaries.
5 Includes five majority-owned subsidiaries, two of which are named.
6 Includes four majority-owned subsidiaries.
7 Includes one majority-owned subsidiary and one 50%-owned subsidiary.
8 Includes two majority-owned subsidiaries, one of which is named.
 




Exhibit 23

Consent of Independent Accountants

We hereby consent to the incorporation by reference in the Registration Statements on Forms S-8 (Nos. 33- 35606; 33-47592; 33-86424; 333-40227; 333-62545; 333-36366; 333-36364; 333-67330; 333-104225), on Form S-3 (No. 333-108730) and on Form S-4 (No. 333-97899) of Schlumberger Limited, of our report dated February 25, 2004 relating to the consolidated financial statements, which appears in this Annual Report on Form 10-K.

/S/ PRICEWATERHOUSECOOPERS LLP
PricewaterhouseCoopers LLP
New York, New York
March 3, 2004




Exhibit 24(a)


Power of Attorney


Each of the undersigned, in the capacity or capacities set forth below his or her signature as a member of the Board of Directors and/or an officer of Schlumberger Limited ("the Corporation"), a Netherlands Antilles corporation, hereby appoints Jean-Marc Perraud, Frank Sorgie and Ellen Summer, and each of them, the attorney or attorneys of the undersigned, with full power of substitution and revocation, for and in the name, place and stead of the undersigned to execute and file with the Securities and Exchange Commission the Form 10-K Annual Report under the Securities Exchange Act of 1934 for the year ending 2003, and any amendment or amendments to any such Form 10-K Annual Report, and any agreements, consents or waivers relative thereto, and to take any and all such other action for and in the name and place and stead of the undersigned as may be necessary or desirable in connection with any such Form 10-K Annual Report.

/s/   /s/
John Deutch
Director
 
  André Lévy-Lang
Director
/s/   /s/
Jamie S. Gorelick
Director
  Didier Primat
Director
 
/s/   /s/
Andrew Gould
Director
Chairman and Chief Executive Officer
 
  Nicolas Seydoux
Director
    /s/
Tony Isaac
Director
  Linda G. Stuntz
Director
 
/s/   /s/
Adrian Lajous
Director
  Sven Ullring
Director
 




Exhibit 24(b)


Power of Attorney


Each of the undersigned, in the capacity or capacities set forth below his or her signature as a member of the Board of Directors and/or an officer of Schlumberger Limited ("the Corporation"), a Netherlands Antilles corporation, hereby appoints Jean-Marc Perraud, Frank Sorgie and Ellen Summer, and each of them, the attorney or attorneys of the undersigned, with full power of substitution and revocation, for and in the name, place and stead of the undersigned to execute and file with the Securities and Exchange Commission the Form 10-K Annual Report under the Securities Exchange Act of 1934 for the year ending 2003, and any amendment or amendments to any such Form 10-K Annual Report, and any agreements, consents or waivers relative thereto, and to take any and all such other action for and in the name and place and stead of the undersigned as may be necessary or desirable in connection with any such Form 10-K Annual Report.

     
John Deutch
Director
 
  André Lévy-Lang
Director
     
Jamie S. Gorelick
Director
  Didier Primat
Director
 
     
Andrew Gould
Director
Chairman and Chief Executive Officer
 
  Nicolas Seydoux
Director
/s/    
Tony Isaac
Director
  Linda G. Stuntz
Director
 
     
Adrian Lajous
Director
  Sven Ullring
Director
 
 
   
  Go to Part IV, Certificates