DESCRIPTION OF THE NOTES
Schlumberger Investment S.A. (the Company) is offering U.S.$ principal amount of its % Senior Notes due
2034 (the Notes). The Notes are to be issued under an indenture, dated December 3, 2013, as supplemented by the second supplemental indenture, dated June 26, 2020, and a supplemental indenture to be dated as of the closing date of this
offering (as supplemented, the Indenture), among the Company, Schlumberger Limited, as guarantor (the Guarantor), and The Bank of New York Mellon, as trustee (the Trustee). When we refer to the Indenture, we are
referring to such indenture, as so supplemented, unless the context requires otherwise. The Guarantor will fully and unconditionally guarantee the Notes under a guarantee contained in the Indenture (the Guarantee). The terms of the Notes
include those stated in the Indenture. Copies of the Indenture are available as set forth under Where You Can Find More Information.
The Indenture does not limit the amount of debt that may be issued thereunder. The Company may issue debt securities from time to time under the
Indenture in separate series (each, a series), each up to the aggregate principal amount authorized by the Company for such series.
As
used in this Description of the Notes, the terms we, us and our and similar expressions refer to the Company; and the term Guarantor refers to our parent company, the Guarantor, and not to
any of its subsidiaries, in each case unless otherwise stated or the context otherwise requires.
The following description is a summary of the
material provisions of the Indenture. It does not restate the Indenture in its entirety. We urge you to read the Indenture because it, and not this description, defines your rights as holders of the Notes. Certain defined terms used in this
description but not defined below have the meanings assigned to them in the Indenture.
The registered holder of a Note will be treated as the owner
of it for all purposes. Only registered holders will have rights under the Indenture.
General Terms of the Notes
The Notes are initially issuable in an aggregate principal amount of U.S.$ and will mature on ,
2034. Interest on the Notes will be payable in U.S. dollars at the office of the Paying Agent in the Borough of Manhattan, the City of New York, New York, or, at the Companys option, by check mailed to the address of the registered holder or,
with respect to any global Note or upon application by the holder of a definitive, non-global Note to the specified office of any Paying Agent not less than 15 days before the due date of any payment, by wire
transfer to a U.S. dollar account. Interest will be calculated on the basis of a 360-day year consisting of twelve 30-day months. At final maturity, 100% of the
principal amount of the Notes then maturing will be due and payable, plus accrued and unpaid interest to the maturity date.
The Company may create
and issue additional Notes under the Indenture with the same terms as the Notes offered hereby (other than the date of issuance and in certain circumstances the date from which interest thereon will begin to accrue). The Notes issued by the Company
and any additional Notes subsequently issued by the Company under the Indenture will be treated as a single class for all purposes under the Indenture, including, without limitation, waivers, amendments and redemptions. See Further
Issuances.
The Notes will be issued only in registered form without interest coupons, in minimum denominations of U.S.$2,000 and in integral
multiples of U.S.$1,000 in excess thereof.
The Notes will bear interest at % per annum. Interest on the Notes will accrue from
, 2034 and will be payable by the Company on and of each year, beginning on
S-9