Pallas gas field

The Pallas gas field is an offshore natural gas field located on the continental shelf of Ukraine in the north-eastern part of the Black Sea. It covers area of 162 square kilometres (63 sq mi). 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][2]

Pallas gas field
CountryUkraine
RegionBlack Sea
Offshore/onshoreOffshore
PartnersNaftogaz Ukrainy
Production
Estimated oil in place490 million tonnes
(~ 580×10^6 m3 or 3650 million bbl)
Estimated gas in place157×10^9 m3
5.495×10^12 cu ft
Recoverable gas75×10^9 m3
2.625×10^12 cu ft

Originally, the license to explore the Pallas deposit was owned by the Ukrainian company Chornomornaftogaz.[3] 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.[4] On 1 December 2010, Gazprom announced it was agreed to establish a joint venture of Naftogas and Gazprom to develop the Pallas field.[2] This was not confirmed by the Ukrainian Fuel and Energy Ministry.[1]

References
  1. "Gazprom creates two joint ventures with Ukraine". Kyiv Post. Interfax-Ukraine. 2010-12-01. Retrieved 2010-12-01.
  2. "Gazprom to set up 2 joint ventures with Ukraine's Naftogaz". RIA Novosti. 2010-12-01. Retrieved 2010-12-01.
  3. "Ukrainian, Russian firms plan joint gas drilling on Black Sea shelf". BBC Monitoring International Reports. BBC Monitoring International Reports. 2007-01-22. Retrieved 2010-12-01.
  4. "Cabinet permits Naftogaz to develop Pallas gas field". Kyiv Post. Interfax-Ukraine. 2010-01-14. Retrieved 2010-12-01.

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