Dec 11, 2024 | Category: All, Laws, Presidential Decree
In petroleum: the allowance which may be given the Contractor with Filipino participation as provided in Section 28 hereof [Section 3(m), Oil Exploration and Development Act of 1972]
Dec 11, 2024 | Category: All, Laws, Presidential Decree
In petroleum: a service contract [Section 3(l), Oil Exploration and Development Act of 1972]
Dec 11, 2024 | Category: All, Laws, Presidential Decree
In petroleum: means the contractor in a service contract whether acting alone or in consortium with others [Section 3(k), Oil Exploration and Development Act of 1972]
Dec 11, 2024 | Category: All, Laws, Presidential Decree
In petroleum: include not only crude oil exported as such but also indigenous crude oil refined in the Philippines for export [Section 3(i), Oil Exploration and Development Act of 1972]
Dec 11, 2024 | Category: All, Laws, Presidential Decree
In petroleum: 42 U.S. gallons or 9702 cubic inches at a temperature of 60ºFahrenheit. Any reference in this Act to the value of any crude oil at the posted price or market price shall be construed as a reference to the amount obtained by multiplying the number of...
Dec 11, 2024 | Category: All, Laws, Presidential Decree
In petroleum: the price which would be realized for petroleum produced under a contract as hereinafter defined if sold in a transaction between independent persons dealing at arm’s length in a free market [Section 3(g), Oil Exploration and Development Act of...
