Mandating the Review and Evaluation Committee ("REC") to Adopt a Transparent and Competitive System of Awarding the Data Package Service Agreement for the Fifth Philippine Energy Contracting Round ("PECR5")
WHEREAS, Section 4 of Presidential Decree No. (PO) 87, as amended, or "Oil Exploration and Development Act of1972" and Section 4 of PO 972, as amended, or "The Coal Development Act of 1976", provides for the exploration, development, and production of the country's indigenous petroleum and coal resources through service/operating contracts with contractors;
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