Concept
- Preferred Labelskos:prefLabel
-
Potential Commercial Area
- URI
- http://resource.geoscience.gov.au/classifier/ggic/petroleum-tenement-type/potential-commercial-area ↗Go to the persistent identifier link
- Within Vocab
- Petroleum Tenement Type
| Preferred Labelskos:prefLabel | Potential Commercial Area |
|---|---|
| Definitionskos:definition | QLD: You can apply to have an area of your authority to prospect (ATP) declared as a potential commercial area (PCA) so that you can evaluate the potential production and market opportunities for the resource. The PCA is a way of retaining an area of your ATP beyond its term to provide extra time to commercialise the resource. The maximum term for an ATP is 12 years, while the declaration for the PCA can be for up to 15 years. When you apply for a PCA, you must include a commercial viability report that shows that the area is likely to be commercially viable within 15 years. You must also include an evaluation program showing how you will overcome any factors inhibiting the commercial viability of the project. |
| Broaderbroader |
retention
|
| Exact MatchexactMatch |
http://linked.data.gov.au/def/qld-resource-permit/PotentialCommercialArea
|
| Notationnotation | 3.12 |
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