The estimated 157 billion cubic meters of natural gas in place.
Recoverable reserves are estimated 75 billion cubic meters of natural gas and 490 million metric tons of oil.
[1] Originally, the license to explore the Pallas deposit was owned by the Ukrainian company Chornomornaftogaz.
[2] In March 2007, Chornomornaftogaz, Naftogaz Ukrainy, and Russian gas company Gazprom signed a trilateral protocol on intentions of joint development of the field.
In January 2010 the license to develop the gas field was issued by the Ukrainian government to Naftogaz Ukrainy.