Word: iiapco
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...archipelago has been producing oil from land-based wells since 1893; last year the flow was 850,000 bbl. a day, compared to about 9,000,000 bbl. daily output in the U.S. The offshore rush began to heat up last year, when a combine of Atlantic Richfield and IIAPCO (a subsidiary of San Francisco-based Natomas Co.) made a find of potentially commercial size in the Java Sea. Soon after, Japex Indonesia Ltd., a Japanese government-controlled company, discovered oil in the Malacca Strait. Japex's results have yet to measure up to early expectations, but the Atlantic...
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