The Energy department said the Department of Foreign Affairs (DFA) will determine the next move for joint oil and gas exploration after the Supreme Court (SC) ruled against any undertaking with foreign partners in disputed waters. READ:
MALAMPAYA GAS FIELD — PHILSTAR FILE PHOTO
The SC ruled that a 2005 government deal with China and Vietnam for joint gas and oil exploration in the South China Sea was unconstitutional.Voting 12-2-1, the SC said that the 2005 tripartite agreement for joint marine seismic undertaking was unconstitutional because it allowed foreign entities to explore for Philippine natural resources over 142,886 square kilometers without full government supervision.
The JMSU was signed in 2005 between the China National Offshore Oil Corp., Vietnam’s Oil and Gas Corp., and the Philippine National Oil Co.
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