Law on Oil Exploration and Development

Ask AI

PRESIDENTIAL DECREE NO. 8: Law on Oil Exploration and Development

Getting related questions...
What do you want to know about the law?
Your conversations and searches stay on your device. We do not store or track your activity on our servers. To know more about our privacy commitment see jur.ph/privacy Ask AI provides quick answers grounded in full case texts to avoid mistakes. Always verify with the original text.

Ask AI

Title Supreme Court: Law on Oil Exploration and Development

Law: Presidential Decree No. 8

Decision Date: Oct 2, 1972

Presidential Decree No. 8 aimed to attract foreign companies to explore and develop the Philippines' oil resources through service contracts and joint ventures, providing provisions for financing, repatriation of capital, and exemptions from certain laws, regulations, and ordinances.

oil exploration

foreign companies

service contracts

END