Cut the onion, peppers, and garlic into a small dice and set aside.
Trim the chicken of any excess fat and season with Adobo seasoning.
Heat the olive oil and the chili oil in a large pot over medium-high heat until very hot. Season the chicken with Adobo. Save the leftovers in an airtight container.
Place the chicken skin side down in the oil and saute until golden brown.
Remove chicken to plate.
Stir in sofrito and saute for 4-5 minutes. Add rice, chicken stock and beer and stir well.
Add chicken chicken back into pot and stir well.
Cover the pot and turn heat to low and simmer until the liquid is almost absorbed, about about 10 - 15 minutes (or according to the package direction for your rice - minus 5 mninuts). Add peas and continue to simmer unil peas are warmed (about 5 minutes). After rice is cooked and the peas are warm add the olives and stir well.
Garnish with cilantro and serve with hot sauce and corn or flour tortillas on the side.