4 months Duterte authorizes PNOC-EC to enter into ‘farm-in/farm-out’ agreements MB
  By Genalyn Kabiling In line with the government’s goal to attain energy independence, President Duterte has allowed the Philippine National Oil Company-Exploration Corporation (PNOC EC) to forge farm-in and farm-out agreements with third parties for oil and gas exploration and development in the country. President Rodrigo Duterte (KARL NORMAN ALONZO / PRESIDENTIAL PHOTO / MANILA BULLETIN) The President has issued Executive Order No. 80 that rationalizes the rules for the engagement of third party participants under petroleum service contracts. The rules included a provision directing the PNOC EC to enter into such contacts only with reputable and competent entities ... more