<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2016-04-05</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000087347</issuerCik>
        <issuerName>SCHLUMBERGER LTD /NV/</issuerName>
        <issuerTradingSymbol>SLB</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001608962</rptOwnerCik>
            <rptOwnerName>Rowe Robert Scott</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>5599 SAN FELIPE - 17TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>HOUSTON</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>77056</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOfficer>1</isOfficer>
            <officerTitle>President, Cameron Group</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, $0.01 Par Value Per Share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>29308</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, $0.01 Par Value Per Share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>7587.45</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>by Trust</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Incentive Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>42.92</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2012-11-06</value>
            </exerciseDate>
            <expirationDate>
                <value>2016-11-06</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.01 Par Value Per Share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2329</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Incentive Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>46.83</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2013-10-20</value>
            </exerciseDate>
            <expirationDate>
                <value>2017-10-20</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.01 Par Value Per Share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2134</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Incentive Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>56.05</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2014-11-16</value>
            </exerciseDate>
            <expirationDate>
                <value>2021-11-16</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.01 Par Value Per Share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1783</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Incentive Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>61.31</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2015-10-18</value>
            </exerciseDate>
            <expirationDate>
                <value>2022-10-18</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.01 Par Value Per Share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1631</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Incentive Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>71.06</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2016-10-17</value>
            </exerciseDate>
            <expirationDate>
                <value>2023-10-17</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.01 Par Value Per Share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1151</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Incentive Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>71.06</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2016-10-17</value>
            </exerciseDate>
            <expirationDate>
                <value>2023-10-17</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.01 Par Value Per Share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>256</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Incentive Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>62.97</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2017-10-16</value>
            </exerciseDate>
            <expirationDate>
                <value>2024-10-16</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.01 Par Value Per Share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>772</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Incentive Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>62.97</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2017-10-16</value>
            </exerciseDate>
            <expirationDate>
                <value>2024-10-16</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.01 Par Value Per Share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>816</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Incentive Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>72.16</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2018-10-14</value>
            </exerciseDate>
            <expirationDate>
                <value>2025-10-14</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.01 Par Value Per Share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>214</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Nq Stock Option (Right to Buy) W/ Tandem Tax W/h Right</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>71.06</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F1"/>
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            <expirationDate>
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                </underlyingSecurityTitle>
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                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Nq Stock Option (Right to Buy) W/ Tandem Tax W/h Right</value>
            </securityTitle>
            <conversionOrExercisePrice>
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            </conversionOrExercisePrice>
            <exerciseDate>
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            <expirationDate>
                <value>2024-10-16</value>
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                    <value>Common Stock, $0.01 Par Value Per Share</value>
                </underlyingSecurityTitle>
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                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
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                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
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            <exerciseDate>
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                    <value>D</value>
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        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Nq Stock Option (Right to Buy) W/ Tandem Tax W/h Right</value>
            </securityTitle>
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            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F4"/>
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                    <value>Common Stock, $0.01 Par Value Per Share</value>
                </underlyingSecurityTitle>
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                </directOrIndirectOwnership>
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        </derivativeHolding>
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            <securityTitle>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
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                </underlyingSecurityTitle>
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                </underlyingSecurityShares>
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                    <value>55756</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Rsu (restricted Stock Unit)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0</value>
                <footnoteId id="F6"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F15"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F15"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.01 Par Value Per Share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>4337</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">This option becomes exercisable as follows:  9,789 on 10/17/2014; 9,788 on 10/17/2015 and 3,824 on 10/17/2016.</footnote>
        <footnote id="F2">This option becomes exercisable as follows: 11,363 on 10/16/2016 and 19,415 on 10/16/2017.</footnote>
        <footnote id="F3">This option becomes exercisable as follows: 21,004 on 10/16/2015 and 9,640 on 10/16/2016.</footnote>
        <footnote id="F4">This option becomes exercisable as follows: 23,010 on 10/14/2016; 42,966 on 10/14/2017 and 41,580 on 10/14/2018.</footnote>
        <footnote id="F5">The restricted stock unit award was granted January 1, 2015 and vests 100% on December 31, 2017.</footnote>
        <footnote id="F6">Each restricted stock unit represents the right to receive, at settlement, one (1) share of common stock.</footnote>
        <footnote id="F7">The restricted stock unit award was granted October 16, 2014 and vests 43% on January 1, 2017 and 57% on January 1, 2018.</footnote>
        <footnote id="F8">The restricted stock unit award was granted January 1, 2014 and vests 100% on December 31, 2016.</footnote>
        <footnote id="F9">The restricted stock unit award was granted October 5, 2015 and vests 100% on January 1, 2017.</footnote>
        <footnote id="F10">The restricted stock unit award was granted October 5, 2015 and vests 100% on December 31, 2017.</footnote>
        <footnote id="F11">The restricted stock unit award was granted October 17, 2013 and vests 100% on January 1, 2017.</footnote>
        <footnote id="F12">The restricted stock unit award was granted October 14, 2015 and vests 100% on October 14, 2016.</footnote>
        <footnote id="F13">The restricted stock unit award was granted October 16, 2014 and vests 100% on January 1, 2017.</footnote>
        <footnote id="F14">The restricted stock unit award was granted October 14, 2015 and vests 20% on October 14, 2016; 40% on October 14, 2017 and 40% on October 14, 2018.</footnote>
        <footnote id="F15">The restricted stock unit award was granted October 5, 2015 and vests 43% on January 1, 2017 and 57% on January 1, 2018.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/Lynda Quagliara Attorney-in-Fact for Robert Scott Rowe</signatureName>
        <signatureDate>2016-04-13</signatureDate>
    </ownerSignature>
</ownershipDocument>
