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Petroleum and Gas (Production and Safety) Act 2004
sec.13What is a natural underground reservoir
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### sec.13 What is a natural underground reservoir
A natural underground reservoir is a part of a geological formation or structure—
in which petroleum or another gas prescribed under a regulation has accumulated; or
that is suitable to store petroleum or a prescribed storage gas.
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.
In this section—
geological formation includes a coal seam.
(sec.13-ssec.1) A natural underground reservoir is a part of a geological formation or structure— in which petroleum or another gas prescribed under a regulation has accumulated; or that is suitable to store petroleum or a prescribed storage gas.
(sec.13-ssec.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.
(sec.13-ssec.3) In this section— geological formation includes a coal seam.
- (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.