Eiterating A Transparent And Competitive System Of Awarding Service/Operating Contracts For Coal, Geothermal And Petroleum Prospective Areas, Repealing For This Purpose Department Circular No. 2003-05-005 And Department Circular No. 2005-04-004
WHEREAS, Section 1 of Presidential Decree No. 1442, otherwise known as "An Act to Promote the Exploration & Development of Geothermal Resources," Section 4 of Presidential Decree No. 972, as amended, otherwise known as "The Coal Development Act of 1976" and Section 4 of Presidential Decree No. 87, as amended, otherwise known as the "Oil Exploration and Development Act of 1972,"