My bookmarksSign up free

PD 87 Section 7

PD 87 Section 7

Special stipulation in service contract.

Section 7

SEC. 7. Special stipulation in service contract. — Where the Government is unable to finance petroleum exploration operations or in order to induce the Contractor to exert the maximum efforts to discover and produce petroleum as soon as possible, the service contract shall stipulate that if the contractor shall furnish services, technology and financing the proceeds of sale of the petroleum produced under-the contract shall be the source of funds for payment of the service fee and the operating expenses due the Contractor.

Read the full instrument →

Other provisions in PD 87

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationPD 87 Section 7 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

Continue your research