Anadarko Invests $875,000 in the SEG Foundation Scholarship Program
San Antonio (19 September 2011) — Anadarko Petroleum Corporation (NYSE: APC) has announced a commitment of US$875,000 to be invested over five years in the SEG Foundation Scholarship program.
The SEG Foundation Scholarship program has two goals: to recognize and encourage excellence in university students who have committed to a career in geophysics, and to attract the best and brightest high school and college students to the study of geophysics and related geosciences. In 2011, the program awarded more than $450,000 to 140 students worldwide.
Anadarko has also been a sustaining investor in the scholarship program during the past five years, with an annual commitment of $175,000. Graduate and undergraduate students studying at universities in the United States are eligible for the scholarships. Since inception in 2007, 127 scholarships have been awarded to 93 students studying at 54 universities.
"Developing and investing in the education of talented students is essential to our energy future," said Anadarko Chairman and CEO Jim Hackett. "We have been very pleased with the broad reach of the SEG scholarship program, which benefits students at many excellent universities around the world.As an industry, we rely on continuously improving technology and sound science to guide us, yet people will always be the competitive advantage that enables us to advance the growth of our industry."
According to Emily Tursack, a graduate student at Brown University when she received a SEG/Anadarko scholarship: "Earning a SEG/Anadarko scholarship provided funds to attend my dream university, and also demonstrated that I have support from the scientists I one day hope to become. Such support drastically raises my confidence in my studies and research involving geophysics. SEG scholarships are outstanding awards."
"The SEG Foundation has a number of powerful programs that engage talented students and provide them with a wealth of opportunity for worthwhile careers in applied geophysics" said Tom Smith, SEG Foundation Board Chairman. "Anadarko understands the importance of raising the oil and natural gas industry's profile and being a meaningful contributor on campuses, particularly those off the industry's beaten path. Bright students are everywhere. Anadarko's decision to renew its five-year sustaining investment is a welcome vote of confidence in the work of the SEG Foundation."
More information on the SEG Foundation scholarship program is available at www.seg.org/foundation.
Anadarko Petroleum Corporation is one of the world's largest independent oil and natural gas exploration and production companies with 2.42 billion barrels-equivalent of proved reserves as of year-end 2010. Anadarko's mission is to deliver a competitive and sustainable rate of return to shareholders by exploring for, acquiring and developing oil and natural gas resources vital to the world's health and welfare. For more information about Anadarko, please visit www.anadarko.com or at www.youtube.com/anadarkotv.
SEG Media Relations