 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.On 1 December 2010, Gazprom announced it was agreed to establish a joint venture of Naftogas and Gazprom to develop the Pallas field.