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PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 13 What is a natural underground reservoir

PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 13

What is a natural underground reservoir

13 What is a natural underground reservoir

(1) A
"natural underground reservoir" is a part of a geological formation or structure—
(a) in which petroleum or another gas prescribed under a regulation has accumulated; or
(b) that is suitable to store petroleum or a prescribed storage gas.
(2) A geological formation or structure mentioned in subsection (1) does not cease to be a natural underground reservoir merely because it has been modified for petroleum production or storage or to store a prescribed storage gas.
(3) In this section—


"geological formation" includes a coal seam.