Taguig City - The Energy Resource Development Bureau (ERDB) of the Department of Energy (DOE) is withholding any comment on the request for an extension of the Service Contract (SC) No. 38 Consortium, while the same is under review by the Office of the President.
Suffice it to say that under Presidential Decree (PD) No. 87, the interest of the country in promoting gas and oil resources for the people’s benefit remains paramount.
Accordingly, the Philippine government retains at all times its full control over all aspects of gas and oil exploration and development. The service contractor is exactly that: Contractor.
PD 87 embodies an early example of public-private partnerships (where the private sector bears all the risk) and, in the case of the Malampaya Deep Water Gas-to-Power Project, a successful one.