Reiterating A Transparent And Competitive System Of Awarding Service And Operating Contacts For Petroleum And Coal Prospective Areas Repealing For This Purpose Department Circular Nos. Dc2009-04-0004 and DC2010-03-0005, and Department Order No. 2010-06-0001
WHEREAS, Section 4 of Presidential Decree No. (PD) 87, as amended, otherwise known as the "Oil Exploration and Development Act of 1972" and Section 4 of PD 972, as amended, otherwise known as "The Coal Development Act of 1976", allow the Philippine Government (the "Government") to promote and undertake the exploration, development, and production of the country's indigenous petroleum and coal resources through service/ operating contacts with contractors;
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