EX-10.7



 Exhibit 10.7 
 Rules of the Schlumberger 
 2010 Omnibus Stock Incentive Plan
for Employees in France 
 The Board of Directors (the “Board”) of Schlumberger Limited (the
“Company”) has established the Schlumberger 2010 Omnibus Stock Incentive Plan (the “2010 Plan”) in order to retain employees with a high degree of training, experience and ability, to attract new employees whose services are
considered particularly valuable, to encourage the sense of proprietorship of such persons and to promote the active interest of such persons in the development and financial success of the Company and its Subsidiaries. This includes the
Company’s branch in France and the Company’s subsidiaries in France of which the Company holds directly or indirectly at least 50% of the share capital (the “French Subsidiary”). 

Section 21 of the 2010 Plan specifically authorizes the Committee to establish sub-plans as the Committee deems appropriate or
advisable to implement the 2010 Plan. 
 The Committee, therefore, intends with this document to establish a sub-plan of the
2010 Plan for the purpose of granting awards that qualify for the specific treatment applicable to French Qualified Stock-Options, French Qualified Restricted Stock Units and French Qualified Performance Share Units awards to employees who are
resident of France and who are or may become subject to French tax (i.e. income tax and/or social security tax) as a result of awards granted under the 2010 Plan (the “French Grantees”). The terms of the 2010 Plan, as set out in Appendix
1, 2, 3 & 4 hereto, shall, subject to the modifications in the following rules, constitute the Rules of the Schlumberger 2010 Omnibus Stock Incentive Plan for Employees in France (the “French Plan”). 

The adoption of this French Plan shall not confer upon the French Grantees, or any employees of the French Subsidiary, any employment
rights and shall not be construed as part of the French Grantees’ employment contracts, if any. Subject to the terms of the 2010 Plan, the Committee reserves the right to amend or terminate the French Plan at any time. Such amendments would
only apply to future grants and would not be retroactive. 
 This amendment and restatement of the French Plan is effective as
of January 1, 2013 and is adopted as of April 18, 2013. 







 Appendix 1: French Terms applicable to Stock-Options 

It is intended that Stock-Options granted under the French Plan shall qualify for the specific tax and social security charges treatment
applicable to French Qualified Stock-Options granted under Articles L. 225-177 to L. 225-186 of the French Commercial Code, as subsequently amended, and in accordance with the relevant provisions set forth by French tax law and the French tax
administration. The terms of the French Plan shall be interpreted accordingly and in accordance with the relevant provisions set forth by French tax and social security laws, and relevant Guidelines published by French tax and social security
administrations and subject to the fulfillment of legal, tax and reporting obligations. 
 1. Definitions. 

Capitalized terms not otherwise defined herein shall have the same meanings as set forth in the 2010 Plan. The terms set out below will
have the following meanings: 
  

	 	(a)	Option. The term “Option” shall have the following meaning: 


 

	 	(1)	Purchase stock options that are rights to acquire shares of Common Shares of the Company (“Shares”) repurchased by the Company prior to the vesting of
the Options; or 

  

	 	(2)	Subscription stock options that are rights to subscribe for newly issued Shares. 


(b) Closed Period. The term “Closed Period” means specific periods as set forth by Article L. 225-177 of the
French Commercial Code, as amended, during which French Qualified Stock-Options cannot be granted, so long as such Closed Periods are applicable to Options, as described in Section 8 below. 

(c) Grant Date. The term “Grant Date” shall be the date on which both (a) the French Grantee is designated,
and (b) the terms and conditions of the Award including the number of Shares and the method for determining the Exercise Price are specified. In no event shall the Grant Date be during a Closed Period. In such a case, the Grant Date for the
French Grantee would be the date described in Section 8 below. 
 2. Eligibility. 

Options may not be granted under this appendix to an individual: 
 (a) unless he is employed by Schlumberger Limited or by a company which is a corporation subsidiary of Schlumberger Limited; or 







 (b) unless he is a director with a management function as defined in Article 225-185
of the French “Code de Commerce” of a company which is a corporation subsidiary of Schlumberger Limited; or 

(c) who owns more than 10% of the share capital of Schlumberger Limited and who may not therefore be
granted an option to satisfy the requirements of sub-paragraph 2 of Article 225-182 of the French “Code de Commerce” in France. 
 3. Non-Transferability. 
 Notwithstanding any provision in the 2010
Plan and, except in the case of death, Awards cannot be transferred to any third party. In addition, the Awards are only exercisable by the French Grantee during the lifetime of the French Grantee, to the extent applicable. 

4. Conditions of the Option/Exercise Price. 
 (a) Notwithstanding any provision in the 2010 Plan, the terms and conditions of the Options shall not be modified after the Grant Date, except that the Exercise Price and number of Shares subject
to the Option may be modified as provided under Section 7 below, or as otherwise in keeping with French law. 
 (b)
The Options will vest and become exercisable pursuant to the terms and conditions set forth in the 2010 Plan, the French Plan and the respective Option agreement delivered to each French Grantee. 

(c) The method for determining the exercise price payable pursuant to Options issued under the French Plan shall be fixed by the
Committee on the Grant Date, but in no event shall the Exercise Price per Share be less than the greater of: 
  

	 	(1)	With respect to purchase stock options, the higher of either 80% of the average quotation price of Shares during the 20 days of quotation immediately preceding
the Grant Date or 80% of the average purchase price paid for such Shares by the Company; 

  

	 	(2)	With respect to subscription stock options, 80% of the average quotation price of Shares during the 20 days of quotation immediately preceding the Grant Date;
and 

  

	 	(3)	The minimum exercise price permitted under Section 5(b) of the 2010 Plan. 


(d) The Shares acquired upon exercise of an Option will be recorded in an account in the name of the shareholder with a broker or
in such other manner as the Company may otherwise determine in order to ensure compliance with applicable law. 







 5. Payment of Exercise Price and Withholding. 

Notwithstanding any provisions in the 2010 Plan, upon exercise or vesting of an Award, as applicable, the full Exercise Price and any
required tax and/or social security contributions to be withheld by the French Subsidiary on behalf of the French Grantee will have to be paid either in cash, by check or by wire transfer. No other method of payment is authorized under this French
Plan. 
 6. Adjustments. 
 Notwithstanding any provision in the 2010 Plan, adjustments to the Exercise Price and/or the number of Shares subject to an Award issued hereunder shall be made to preclude the dilution or enlargement of
benefits under the Award only in the event of certain transactions by the Company listed under Article L. 225-181 of the French Commercial Code, as amended, a repurchase of Shares by the Company at a price higher than the stock quotation price on
the open market, and according to the provisions of Section L. 228-99 of the French Commercial Code, as amended, as well as according to specific decrees. 
 7. Reorganization. 
 In the event that a significant decrease in the
value of Awards granted to French Grantees occurs or is likely to occur as a result of a reorganization as described in the 2010 Plan, the Administrator may, in its sole discretion, but shall not be required to, authorize the immediate vesting and
exercise of Awards before the date on which any such reorganization becomes effective. If this occurs, the Awards may not qualify for favorable tax and social security treatment under French law. 

8. Closed Periods. 

Notwithstanding any provisions in the 2010 Plan to the contrary and since Shares are traded on a regulated market, Awards shall not be
granted to French Grantees during the Closed Periods defined by Article L. 225-177 of the French Commercial Code, as amended, so long as such Closed Periods are applicable to the Awards. If the Grant Date were to occur during an applicable Closed
Period, the Grant Date for French Grantees shall be the first date following the expiration of the Closed Period which would not be a prohibited Grant Date under the 2010 Plan rules, as determined by the Administrator. 

9. Termination of Employment/Service. 
 If a termination of employment is due to death, the Award shall be exercisable and vested as set forth in Section 11 below. 
 In the event of a termination of employment for reasons other than death, the Award shall be exercisable and vested as set forth in the applicable agreement entered into with the French Grantee.








 10. Death. 
 In the event of the death of a French Grantee, all unforfeited Awards shall become immediately vested and exercisable. The French Grantee’s heirs may exercise the Options within six months following
the death, but any outstanding Option which remains unexercised shall expire six months following the date of the French Grantee’s death. The six-month exercise period will apply without regard to the term of the Option. 

11. Term of the Option. 
 The term of the Option will be ten years unless otherwise specified in the applicable Option Agreement. This term can be extended only in the event of the death of the French Grantee, and in no event will
the term exceed ten years. 
 12. Interpretation. 
 In the event of any conflict between the provisions of the present French Plan and the 2010 Plan, the provisions of the French Plan shall control for any grants made thereunder to French Grantees.








 Appendix 2: French Terms applicable to Restricted Stock Units 

It is intended that Restricted Stock Units granted under the French Plan shall qualify for the specific tax and social security charges
treatment applicable to French Qualified Restricted Stock Units granted under Articles L.225-197-1 to L.225-197-5 of the French Commercial Code, as subsequently amended, and in accordance with the relevant provisions set forth by French tax law and
the French tax administration. The terms of the French Plan shall be interpreted accordingly and in accordance with the relevant provisions set forth by French tax and social security laws, and relevant Guidelines published by French tax and social
security administrations and subject to the fulfillment of legal, tax and reporting obligations. The Restricted Stock Units granted under this Appendix 2 will be deemed French Qualified Restricted Stock Units. 

1. Eligibility 

French Qualified Restricted Stock Units may not be granted under this Addendum to an individual: 

(a) unless he is employed by Schlumberger Limited or by a company which is a corporation subsidiary of Schlumberger Limited; or

 (b) unless he is a director with a management function as defined in Article 225-197-1 of the French “Code de
Commerce” in France of a company which is a corporation subsidiary of Schlumberger Limited; or 
 (c) who owns more
than 10% of the share capital of Schlumberger Limited 
 2. Vesting, Settlement and Delivery of French Qualified Restricted Stock
Units 
 (a) Vesting. French Qualified Restricted Stock Units shall vest as provided for in the Stock Unit
Agreement. 
 (b) Settlement. Payment of vested Restricted Stock Units shall only be made in shares of Common
Stock. 
 (c) Delivery. Notwithstanding the vesting date of the Restricted Stock Units, under no circumstances,
except in case of employee’s death as provided for in section 2 (d) below, shall the delivery of the shares related to a French Qualified Restricted Stock Unit occur prior to the fourth anniversary of the Grant Date. 







 (d) Acceleration on Death. Upon Termination of Employment from the Company by
reason of employee’s death, all French Qualified Restricted Stock Units that are not vested at that time immediately will become vested in full. The Company shall issue the underlying shares to the employee’s heirs, at their request,
within six months following the death of the employee. Notwithstanding the foregoing, the employee’s heirs must comply with the restriction on the sale of shares set forth in Section 4 below, to the extent and as long as applicable under
French law. 
 3. No Sales Restrictions 
 The sale of shares issued pursuant to the conversion of the French Qualified Restricted Stock Units may occur as soon as the shares are delivered to the employee provided the closed periods in section 4
below are respected. 
 4. Closed periods  
 Shares underlying French Qualified Restricted Stock Units may not be sold during the following period (“Closed Periods”): 
 (a) within the 10 days before or after the publication of the annual accounts; 
 (b) within a period beginning with the date at which executives of Schlumberger Limited become aware of any information which, were it to be public knowledge, could have a significant impact on the
price of shares in and ending 10 trading days after the information becomes public knowledge. 
 These Closed Periods will apply
to grant of French Qualified Restricted Stock Units as long as and to the extent such Closed Periods are applicable under French law. 
 5.
Non-transferability of French Qualified Restricted Stock Units 
 Except in the case of death, French Qualified
Restricted Stock Units may not be transferred to any third party. 
 6. Adjustments to certain corporate events 

Adjustments to the terms and conditions of the French Qualified Restricted Stock Units or underlying shares may be made only pursuant to
applicable French legal and tax rules. Nevertheless, the Board or the Compensation Committee, at its discretion, may determine to make adjustments in the case of a transaction for which adjustments are not authorized under French law, in which case
the Restricted Stock Units may no longer qualify as French Qualified Restricted Stock Units. 







 Appendix 3: French Terms applicable to one year and two year Performance Share Units

 It is intended that Performance Share Units granted under the French Plan shall qualify for the specific tax and
social security charges treatment applicable to French Qualified Performance Share Units Options granted under Articles L.225-197-1 to L.225-197-5 of the French Commercial Code, as subsequently amended, and in accordance with the relevant provisions
set forth by French tax law and the French tax administration. The terms of the French Plan shall be interpreted accordingly and in accordance with the relevant provisions set forth by French tax and social security laws, and relevant Guidelines
published by French tax and social security administrations and subject to the fulfillment of legal, tax and reporting obligations. The Performance Share Units granted under this Appendix 3 will be deemed French Qualified Performance Share Units.

 1. Eligibility 
 French Qualified Performance Share Units may not be granted under this Addendum to an individual: 
 (a) unless he is employed by Schlumberger Limited or by a company which is a corporation subsidiary of Schlumberger Limited; or 

(b) unless he is a director with a management function as defined in Article 225-197-1 of the French “Code de Commerce”
in France of a company which is a corporation subsidiary of Schlumberger Limited; or 
 (c) who owns more than 10% of the
share capital of Schlumberger Limited 
 2. Vesting, Settlement and Delivery of French Qualified Performance Share Units

 (a) Vesting. French Qualified Performance Share Units shall vest as provided for in the Share Unit
Agreement. 
 (b) Settlement. Payment of vested Performance Share Units shall only be made in shares of Common
Stock. 
 (c) Delivery. Notwithstanding the vesting date of the Performance Share Units, under no circumstances,
except in case of employee’s death as provided for in section 2 (d) below, shall the delivery of the shares related to a French Qualified Performance Share Unit occur prior to the second anniversary of the Grant Date. 







 (d) Acceleration on Death. Upon Termination of Employment from the Company by
reason of employee’s death, all French Qualified Performance Share Units that are not vested at that time immediately will become vested in full. The Company shall issue the underlying shares to the employee’s heirs, at their request,
within six months following the death of the employee. Notwithstanding the foregoing, the employee’s heirs must comply with the restriction on the sale of shares set forth in Section 4 below, to the extent and as long as applicable under
French law. However, the employee’s heirs shall not need to comply with the restriction on the sale of shares set forth in Sections 3 below. 
 3. Sales Restrictions 
 The sale of shares issued pursuant to the
conversion of the French Qualified Performance Share Units may not occur prior to the expiration of a two-year period as calculated from the date the Performance Share Units are converted into shares or such other period as is required to comply
with the minimum mandatory holding period applicable to French Qualified Performance Share Units under Article L. 225-197-1 of the French Commercial Code. Notwithstanding the above, in case of employee’s death, the employee’s heirs shall
not need to comply with the restriction on the sale of shares. In addition, in the event of the 2nd or 3rd category disability (as defined under Article L.341-4 of the French Social Security Code) of an employee, the employee shall not need to
comply with the restriction on the sale of Shares. 
 4. Closed periods  

Shares underlying French Qualified Performance Share Units may not be sold during the following period (“Closed Periods”):

 (a) within the 10 days before or after the publication of the annual accounts; 

(b) within a period beginning with the date at which executives of Schlumberger Limited become aware of any information which, were
it to be public knowledge, could have a significant impact on the price of shares in and ending 10 trading days after the information becomes public knowledge. 
 These Closed Periods will apply to grant of French Qualified Performance Share Units as long as and to the extent such Closed Periods are applicable under French law. 

5. Non-transferability of French Qualified Performance Share Units 
 Except in the case of death, French Qualified Performance Share Units may not be transferred to any third party. 







 6. Employee’s account 

The shares issued pursuant to the French Qualified Performance Share Units shall be recorded in an account in the name of the employee
with the Company or in such other manner as the Company may otherwise determine in order to ensure compliance with the sale restrictions set forth above in section 3. 
 7. Adjustments to certain corporate events 
 Adjustments to the terms
and conditions of the French Qualified Performance Share Units or underlying shares may be made only pursuant to applicable French legal and tax rules. Nevertheless, the Board or the Compensation Committee, at its discretion, may determine to make
adjustments in the case of a transaction for which adjustments are not authorized under French law, in which case the Performance Share Units may no longer qualify as French Qualified Performance Share Units. 







 Appendix 4: French Terms applicable to three year Performance Share Units

 It is intended that Performance Share Units granted under the French Plan shall qualify for the specific tax and
social security charges treatment applicable to French Qualified Performance Share Units Options granted under Articles L.225-197-1 to L.225-197-5 of the French Commercial Code, as subsequently amended, and in accordance with the relevant provisions
set forth by French tax law and the French tax administration. The terms of the French Plan shall be interpreted accordingly and in accordance with the relevant provisions set forth by French tax and social security laws, and relevant Guidelines
published by French tax and social security administrations and subject to the fulfillment of legal, tax and reporting obligations. The Performance Share Units granted under this Appendix 4 will be deemed French Qualified Performance Share Units.

 1. Eligibility 
 French Qualified Performance Share Units may not be granted under this Addendum to an individual: 
 (a) unless he is employed by Schlumberger Limited or by a company which is a corporation subsidiary of Schlumberger Limited; or 

(b) unless he is a director with a management function as defined in Article 225-197-1 of the French “Code de Commerce”
in France of a company which is a corporation subsidiary of Schlumberger Limited; or 
 (c) who owns more than 10% of the
share capital of Schlumberger Limited 
 2. Vesting, Settlement and Delivery of French Qualified Performance Share Units

 (a) Vesting. French Qualified Performance Share Units shall vest as provided for in the Share Unit
Agreement. 
 (b) Settlement. Payment of vested Performance Share Units shall only be made in shares of Common
Stock. 
 (c) Delivery. Notwithstanding the vesting date of the Performance Share Units, under no circumstances,
except in case of employee’s death as provided for in section 2 (d) below, shall the delivery of the shares related to a French Qualified Performance Share Unit occur prior to the fourth anniversary of the Grant Date. 







 (d) Acceleration on Death. Upon Termination of Employment from the Company by
reason of employee’s death, all French Qualified Performance Share Units that are not vested at that time immediately will become vested in full. The Company shall issue the underlying shares to the employee’s heirs, at their request,
within six months following the death of the employee. Notwithstanding the foregoing, the employee’s heirs must comply with the restriction on the sale of shares set forth in Section 4 below, to the extent and as long as applicable under
French law. 
 3. No Sales Restrictions 
 The sale of shares issued pursuant to the conversion of the French Qualified Performance Share Units may occur as soon as the shares are delivered to the employee provided the closed periods in section 4
below are respected. 
 4. Closed periods  
 Shares underlying French Qualified Performance Share Units may not be sold during the following period (“Closed Periods”): 

(a) within the 10 days before or after the publication of the annual accounts; 

(b) within a period beginning with the date at which executives of Schlumberger Limited become aware of any information which, were
it to be public knowledge, could have a significant impact on the price of shares in and ending 10 trading days after the information becomes public knowledge. 
 These Closed Periods will apply to grant of French Qualified Performance Share Units as long as and to the extent such Closed Periods are applicable under French law. 

5. Non-transferability of French Qualified Performance Share Units 
 Except in the case of death, French Qualified Performance Share Units may not be transferred to any third party. 
 6. Adjustments to certain corporate events 
 Adjustments to the terms
and conditions of the French Qualified Performance Share Units or underlying shares may be made only pursuant to applicable French legal and tax rules. Nevertheless, the Board or the Compensation Committee, at its discretion, may determine to make
adjustments in the case of a transaction for which adjustments are not authorized under French law, in which case the Performance Share Units may no longer qualify as French Qualified Performance Share Units.