Dec 11, 2024 | Category: All, Laws, Presidential Decree
In petroleum: the FOB price established by the Contractor in consultation with the Petroleum Board for each grade, gravity and quality of crude oil offered for sale to buyers generally for export at the particular point of export, which price shall be based upon...
Dec 11, 2024 | Category: All, Laws, Presidential Decree
In petroleum: petroleum in such quantities which will permit its being economically developed as determined by the contractor after taking into consideration the location of the reserves, the depths and number of wells required to be drilled and the transport and...
Dec 11, 2024 | Category: All, Laws, Presidential Decree
In petroleum: searching for and obtaining petroleum within the Philippines through drilling and pressure or suction or the like, and all other operations incidental thereto. It includes the transportation, storage, handling and sale (whether for export or for domestic...
Dec 11, 2024 | Category: All, DOE Issuances, Issuances, Laws, Presidential Decree, Republic Act
In upstream oil & gas gas obtained from boreholes and wells and consisting primarily of hydrocarbons [Section 3(c), Oil Exploration and Development Act of 1972] In oil & gas, natural gas: gas consisting primarily of a mixture of methane, ethane, propane, and...
Dec 11, 2024 | Category: All, Laws, Presidential Decree
In petroleum: oil in its natural state before the same has been refined or otherwise treated. It does not include oil produced through destructive distillation of coal, bituminous shale or other stratified deposits, either in its natural state or after the extraction...
Dec 11, 2024 | Category: All, Laws, Presidential Decree
In petroleum: Presidential Decree No. 87, Amending Presidential Decree No. 8 Issued on October 2, 1972 and Promulgation of an Amended Act to Promote the Discovery and Production of Indigenous Petroleum and Appropriate Funds Therefor. Note: This is the short title of...
