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Schlumberger Foundation Receives $50 Million Donation for Flagship Faculty for the Future Program

Funds Advanced Science and Technology Education for Women from Developing Nations

HOUSTON, Jun 28, 2011 (BUSINESS WIRE) -- The Schlumberger Foundation announced today that it has received a $50 million grant from Schlumberger Limited and its subsidiaries to support the Faculty for the Future program. This flagship program, now in its sixth year, supports talented women scientists from the developing world by helping them pursue advanced graduate studies in scientific disciplines at leading universities worldwide.

In 2011, the Schlumberger Foundation awarded Faculty for the Future fellowships to 53 women from 31 countries to continue PhD or post-doctoral studies in 18 disciplines including civil and environmental science, computer engineering, chemistry, physics, mathematics, and hydrology. In addition, 45 existing grants were extended for a further period. Successful applicants are selected for their leadership qualities and scientific ability with the program attracting a total of 631 applications in 2011, including 48 requests for fellowship extension.

"The Schlumberger Foundation launched the Faculty for the Future program based on a conviction that the lack of female role models was one of the greatest roadblocks in preventing young women in developing nations and emerging countries from pursuing a scientific career," commented Jean-Marc Perraud, Chairman and President, Schlumberger Foundation.

After completion of their studies, Faculty for the Future fellows return to their home countries to contribute to economic, social and technological advancement through strengthening the faculties of their home institutions and serving as powerful role models for other young women.

Since its launch in 2004, 194 women from 54 countries have received Faculty for the Future fellowships for advanced graduate study at top universities around the world, and have become members of the active community of fellows. The new donation significantly reinforces the Foundation's ability to fulfill the growth potential of the program.

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About the Schlumberger Foundation - The Schlumberger Foundation is a private, nonprofit entity that supports science and technology education. Recognizing the link between science, technology and socio-economic development, as well as the key role of education in realizing individual potential, the Foundation's flagship Faculty for the Future program succeeds a series of other educational initiatives.

SOURCE: Schlumberger Foundation

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