SB 1086
Senate·20th Congress·Filed Aug 7, 2025
Oil Exploration and Development Act of 1972 (Amending P.D. No. 87)
An Act Further Amending Presidential Decree No. 87, Otherwise Known as the Oil Exploration and Development Act of 1972, as Amended
In plain language
The bill adds new rules that require anyone with a stake in an oil service contract to get government approval before transferring their rights, and it sets fines and possible loss of the contract or job for those who ignore the rule.
EnergyPublic Works and Infrastructure
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Author · Senator
Subjects
Oil Exploration and Development
Official sources
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SBN-1086 · Sources: BetterGov Open Congress, BatasWatch