1. PTP Effectiveness for Sustainable Growth SPE Thailand Dinner Talk 26 th March 2008

2. High Oil Prices Source: International Energy Outlook 2007 – EIA DOE

3. Source: Baker Hughes Rig Count as of February 2008 +75% in 5 Yrs

4. *Petrotechnical Professionals = Geologists, Geophysicists & Petroleum Engineers **China excluded, Service companies excluded Recruitment targets for Petrotechnical Professionals Global Demand for Petrotechnical Professionals * Comparison between Recruitment targets of G&G and PE 2005-2010** Source:2005 and 2007 Schlumberger Business Consulting O&G HR Benchmark

5. Competition for top universities remains fierce Source:2007 Schlumberger Business Consulting O&G HR Benchmark *85 universities selected by Schlumberger worldwide (China excluded) **Schlumberger estimates: 60% of Geosciences graduates enter E&P industry, 40% enter other industries; 80% of Petroleum Engineering graduates enter E&P industry, 20% enter other industries Geosciences Top University* Supply vs. Demand 2006-2010 Petroleum Engineers Top University* Supply vs. Demand 2006-2010 Demand for Geologists &Geophysicists Supply of G&G from “Schlumberger 85 universities” Net Supply of G&G (60% entering E&P Industry) 0 2,000 4,000 6,000 8,000 10,000 20062007E2008E2009E2010E Actually entering E&P** 0 2,000 4,000 6,000 8,000 10,000 20062007E2008E2009E2010E Demand for Petroleum Engineers Supply of PE from “Schlumberger 85 universities” Net Supply of PE (80% entering E&P Industry) Actually entering E&P**

6. A Big Crew Change A Young Company A Mature Company

7. Creating Expertise Tension New Project Difficulties Available Experiences

8. “Price War” for PTP Salary Inflation < 50% > 100% During Past 10 Years For New Graduates

9. Insufficient Experience Growth Time Growth PTP Number PTP Experience

10. Seeking Sustainable Growth Maximize Productivity Maximize Productivity of Experienced Expedite Development Expedite Development of New Recruits Optimize Deployment Optimize Deployment & Sharing

11. Maximize Productivity Technology to Increase Productivity Technology to Increase Productivity Work Processes Work Processes Workplace Environment Workplace Environment KM – Community of Practice KM – Community of Practice

12. Expedite Development KM – Knowledge Transfer KM – Knowledge Transfer Structured Training Programs Structured Training Programs Development Assignments Development Assignments Mentoring / Coaching Mentoring / Coaching

13. Accelerated Development

14. Optimize Deployment Expertise Inventories Expertise Inventories Priority Projects Priority Projects Growth vs. Producing Assets Growth vs. Producing Assets Restructuring for Synergy Restructuring for Synergy Outsourcing Work Outsourcing Work Mentoring Role for Retirees Mentoring Role for Retirees

15. Finally, Industry in a Bubble? New Expertise Not Realized Until Future Escalation of PTP Costs Huge Investments for Uncertain Future? Will We Have Too Many PTP? Will We Reach a Saturation Point? Contingency for Industry’s Downturn?

16. THANK YOU