Adriaan Stoop

Who was Adriaan Stoop?

Adriaan Stoop was a Dutch oil explorer. He graduated from Delft University with a mining degree in 1878, was posted to the Department of Mines and arrived in the Dutch East Indies, now Indonesia, shortly thereafter.

Realizing he knew little about oil exploration, Stoop requested paid leave for a study trip to the United States. Although the American oil industry, afraid of new competition in Asia, refused to see him, Stoop was still able to collect essential new information on the latest American drilling techniques. His report became the "bible" for oil drilling technology in the Dutch East Indies. Stoop proposed that the Dutch colonial government should start a state petroleum enterprise, but the idea was rejected. Stoop then requested three years leave of absence so he could initiate oil exploration at his own risk. Stoop "was a man above average, a forceful personality in a delicate frame; able, matter-of-fact and self-disciplined; a silent man, his mind only revealed itself in sparks of keen humor."

Stoop acquired one of the first oil concessions in Indonesia in 1886 and with money from friends and family in 1887—as Gerretson puts it, 50,000 Dutch guilders "from head-shaking relatives"—he founded the Dordtsche Petroleum Maatschappij. Within a year, he had a "spouter." Production increased steadily and he had a ready home market on the island of Java. He introduced gasoline street lighting to several large cities on Java in the 1890s. "If the Royal Dutch relied upon distribution for its strength, the Dordtsche excelled in manufacture." In 1896, Stoop returned to the Netherlands and sold shares in the company to the public, becoming very wealthy. He had held all 350 shares in the company, and converted each into 14,900 guilders in cash and 20,000 guilders in ordinary shares. Thus he yielded more than 5 million guilders in cash and 7 million guilders in shares from the initial investment just ten years earlier.