Mandating the Centralized Review and Evaluation Committee ("C-REC") to Adopt a Transparent and Competitive System of Awarding the Data Package Service Agreement for the Philippine Conventional Energy Contracting Program ("PCECP")
WHEREAS, Section 4 of Presidential Decreee No. (PD) 87, as amended, otherwise known as the "Oil Exploration and Development Act of 1972" and Section 4 of PD 972, as amended, otherwise known as "The Coal Development Act of 1976", allow the Philippine Government (the "Government") to promote and undertake the exploration, development, and production of the country's indigenous petroleum and coal resources through service/operating contracts with contractors;
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