Department Circular No. DC2023-12-0033

Guidelines on the Awarding of Petroleum Service Contracts for Development and Production

WHEREAS, Section 2, Article XII of the 1987 Constitution provides that "xxx The exploration, development, and utilization of natural resources shall be under the full control and supervision of the State" and "(t)he President may enter into agreements with foreign--owned corporations involving either technical or financial assistance for large-scale exploration, development, and utilization of minerals, petroleum, and other mineral oils according t the general terms and conditions provided welfare of the country. In such agreements, the State shall promote the development and use of local scientific and technical resources."