Dec 11, 2024 | Category: All, Laws, Presidential Decree
In petroleum: the contractor in a deepwater contract, whether acting alone or in consortium with others [Section 3(w), Oil Exploration and Development Act of 1972, as amended by Presidential Decree No. 1857]
Dec 11, 2024 | Category: All, Laws, Presidential Decree
In petroleum: a service contract at least eighty-five percent (85%) of the total contract area are in water depths beyond 200 meters [Section 3(v), Oil Exploration and Development Act of 1972, as amended by Presidential Decree No. 1857]
Dec 11, 2024 | Category: All, Laws, Presidential Decree
In petroleum: the total expenditures for petroleum operations made by the contractor both within and without the Philippines as provided in a service contract [Section 3(u), Oil Exploration and Development Act of 1972]
Dec 11, 2024 | Category: All, Laws, Presidential Decree
In petroleum: any liquid hydrocarbon obtained from natural gas by separation or by any chemical or physical process [Section 3(s), Oil Exploration and Development Act of 1972]
Dec 11, 2024 | Category: All, Laws, Presidential Decree
In petroleum: the calendar or fiscal year of the contractor [Section 3(r), Oil Exploration and Development Act of 1972]
Dec 11, 2024 | Category: All, Laws, Presidential Decree
In petroleum: the gross income less the deductions allowed in this Act [Section 3(q), Oil Exploration and Development Act of 1972]
