press release

Unocal establishes $1 million international petroleum studies fellowship at Colorado School of Mines

Unocal establishes $1 million international petroleum studies fellowship at Colorado School of Mines

Golden, Colo., March 25, 1998 -- Unocal Corporation today said it has established a $1 million endowed fellowship program for Southeast Asian students at the Colorado School of Mines (CSM).

The Unocal International Fellowship in Petroleum Studies will be used to attract students from Asia to study petroleum engineering and related disciplines at CSM, with preference given to the sons and daughters of Unocal's host country employees in Thailand, Indonesia, Malaysia, Singapore and the Philippines.

"This special scholarship program is another way for Unocal to help assure that promising students are given every opportunity to continue their education despite the economic difficulties now facing Southeast Asia," said Roger C. Beach, Unocal chairman and chief executive officer. "The Colorado School of Mines Fellowship also establishes a partnership with one of the world's foremost applied science universities and will help develop the region's next generation of leaders in the petroleum industry."

Beach, a graduate of the Colorado School of Mines, noted that, in addition to the CSM Fellowship Program, Unocal recently pledged nearly $1.5 million in grants over the next three years in support of two other financial assistance programs for Southeast Asian students. The company's grant to the ASEAN Students Assistance Awards Program will provide scholarships to approximately 500 Asian students presently enrolled in U.S. colleges and universities. While the Unocal grant to the Kenan Institute Asia will help establish job re-training programs for newly unemployed Thai workers at up to 40 community colleges in that country.

"Taken together, these three programs will assist hundreds of promising students throughout Southeast Asia, as well as displaced Thai workers during this current economic downturn," said Beach. He noted that the CSM fellowship, in particular, was designed to increase the number of top quality engineers and geoscientists in Southeast Asia who can lead their countries' natural resource industries.

Colorado School of Mines President George Ansell noted that the university has a growing reputation in Asia, with alumni making significant contributions to a variety of resource development projects. "CSM alumni, both nationals and U.S. expatriates, serve as leaders of corporations and key governmental ministries in many of the region's countries, including Thailand, Indonesia, Malaysia and Singapore," Ansell said.

Distinguished CSM alumni include Dr. Purnomo Yusgiantoro and P.H. Silitonga, who serve as advisors to Indonesia's minister of mines and energy. Currently, 84 students from Southeast Asia attend CSM, and 64 Southeast Asian students have graduated in the past five years.

Founded in 1874, CSM enrolls approximately 3,200 students from all 50 states and 62 countries. CSM's faculty includes a distinguished group of earth scientists, engineers, economists, and policy analysts all focused on resource-related issues. The school is the only institution in the U.S. that offers doctoral degrees in the four related fields of geology, geophysics, petroleum engineering and mining engineering.

Note to students: To apply for a scholarship, the best approach is to contact the Colorado School of Mines directly. Requests should be sent to: International Admissions, Colorado School of Mines, 1500 Illinois Street, Golden, CO 80401, USA; e-mail: admit@mines.edu

Application deadline for the coming year is May 1. CSM has an excellent website http://www.mines.edu with more information. Note that applications forms can be downloaded for both their undergraduate and graduate programs. Applications can be submitted by e-mail.

Updated: March 1998