SchlumbergerSema wins Niagara Mohawk contract

West Union, SC, October 15, 2002 — SchlumbergerSema has won a three-year contract to deliver 1.5 million residential CENTRON* AMR and SENTINEL* commercial and industrial electricity meters to Niagara Mohawk, with an estimated contract value of $70 million.

The CENTRON and SENTINEL solid-state meter families of products were completed in 2002, and are part of an automatic drive-by meter reading system that will be deployed into seven regions in New York state over a period of three years. Niagara Mohawk plans to kick off the project for about 5,000 Central New Yorkers on October 1, 2002.

” We are pleased that Niagara Mohawk has chosen to go with the CENTRON technology, the first electronic meter for the electric residential market, ” said Malcolm Unsworth, president, Schlumberger Electricity, Inc. ” We have shipped over four million CENTRON meters since the line’s launch in 1998. It is a proven technology that meets today’s needs with a design for tomorrow’s challenges.”

About SchlumbergerSema

SchlumbergerSema is one of two business segments of Schlumberger Limited, a global technology services company. With more than 30,000 employees serving customers in 65 countries, SchlumbergerSema aggregates IT consulting, systems integrations, managed services and related products to the oil and gas, telecommunications, energy and utilities, finance, transport, and public sector markets.

Leveraging the Schlumberger DeXa* Suite of Services, it also provides IT network connectivity, information security solutions, distributed computing support services and data center hosting services. In 2001, Schlumberger revenues were $14.3 billion. For more information, visit www.slb.com.

About Niagara Mohawk

Niagara Mohawk, a National Grid company, provides electric service to approximately 1.5 million customers and natural gas to approximately 540,000 customers in New York. The company is based in Syracuse. Its parent company also has electricity distribution operations in New England. National Grid is an international, U.K. based company that builds, owns, and manages electricity and telecommunications networks. For more information, visit www.NiagaraMohawk.com.

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