HUFFCO
In 1956, he set up his own oil and natural gas exploration company known as Roy M. Huffington, Inc. (Huffco). Huffco grew to be a major independent international oil company active around the world. In 1966 HUFFCO signed production sharing contract with Pertamina to explore oil in the Kutai Basin of the Mahakam River delta in East Kalimantan, Indonesia. Initially the exploration object was oil, but finally Huffco discovered a giant natural gas reserve in 1972 at Badak Field. Then Huffco and Pertamina initiated to build an LNG plant in Bontang. First shipping was in August 1977, only five years after discovery.
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