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Rajah & Tann Regional Round-Up

your snapshot of key legal developments in Asia

Issue 2 - Apr/May/Jun 2019


PHILIPPINES

Executive Order No. 80, rationalizing the rules for the engagement of third-party participants under Petroleum Service Contracts

Executive Order No. ("EO") 80, signed by President Rodrigo Duterte on 28 May 2019, amended EO No. 556 (series of 2006) which previously prohibited the Philippine National Oil Company ("PNOC") from awarding farm-in and farm-out agreements for oil exploration, development and production.

Under EO 80, the rules for government dealings with third-party participants under petroleum service contracts allows more groups to explore possible fuel deposits in the country, subject to the requirement that PNOC Exploration Corporation enter into such agreements only with reputable, technically competent and financially capable entities.

CAMBODIA

CHINA

INDONESIA

LAO PDR

MALAYSIA

MYANMAR

PHILIPPINES

SINGAPORE

THAILAND

VIETNAM



Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.

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