PETROLEUM ACT OF 1949

REPUBLIC ACT NO. 387

AN ACT TO PROMOTE THE EXPLORATION, DEVELOPMENT,
EXPLOITATION, AND UTILIZATION OF THE PETROLEUM
RESOURCES OF THE PHILIPPINES; TO ENCOURAGE THE
CONSERVATION OF SUCH PETROLEUM RESOURCES; TO
AUTHORIZE THE SECRETARY OF AGRICULTURE AND
NATURAL RESOURCES TO CREATE AN ADMINISTRATION
UNIT AND A TECHNICAL BOARD IN THE BUREAU OF
MINES; TO APPROPRIATE FUNDS THEREFORE; AND FOR
OTHER PURPOSES