ConocoPhillips announced on May 15 that it will contribute $1.185 million to The University of Texas at Austin.
”These funds will help support highly talented, innovative students who will one day contribute to the success of our industry,” said Larry Archibald, senior vice president, Exploration and Business Development at ConocoPhillips and the company’s executive sponsor for UT Austin.
A portion of the donation, $685,000, is intended to support a variety of programs and activities that stimulate interest and professional development among students and faculty in their chosen disciplines within the Cockrell School of Engineering, the McCombs School of Business, the College of Natural Sciences and the Jackson School of Geosciences.
The remaining $500,000 is half of a $1 million pledge to support and name the ConocoPhillips Student Project Laboratory within the Cockrell School’s new Engineering Education and Research Center. This investment will provide funding for five years to support multidisciplinary student engineering projects, which will enable collaboration and hands-on training to prepare students to launch their careers.
ConocoPhillips will contribute the other $500,000 toward the $1 million pledge in 2015.
“When completed, the ConocoPhillips Student Project Laboratory will offer our students an extraordinary opportunity to formulate and test their innovative ideas by working together,” said Sharon L. Wood, interim dean of the Cockrell School.