STC is a corporation duly organized, validly existing and in good standing under the laws of the State of Texas and has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now conducted. SCL is a corporation duly organized, validly existing and in good standing under the laws of the Province of Alberta, and has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now conducted. The Schlumberger Entities are duly qualified or authorized to do business as a foreign corporation and are in good standing under the laws of each jurisdiction in which it owns or leases real property in connection with the Schlumberger Business and each other jurisdiction in which the conduct of the Schlumberger Business or the ownership of their respective properties related to the Schlumberger Business requires such qualification or authorization, except where the failure to be so qualified, authorized or in good standing would not have a Material Adverse Effect.