Add the rice. Stir with a rubber spatula to coat the rice with the oil. Add the water, vegetable base, lemon juice and 3 bay leaves. Bring to a boil. Stirring frequently until base has dissolved.Season to taste with salt and pepper.
Cover tightly. Place in a 300°F convection oven or cook over a low flame, stirring occasionally. Cook until the liquid is absorbed and the rice is tender.
Spread the rice on a parchment-lined sheet pan. Allow to cool. Transfer to 3 oiled, 2″ full-size stainless steel hotel pans. Cover with film wrap. Refrigerate until needed.