Research subject. This article focuses on the geological structure of the northern part of the Pai-Khoi carbonate parautochthone.Materials and methods. The study was based on the data obtained on the key sections of the North-Western Pai-Khoi. Research methods included lithological and facies analysis, subsidence curves, reconstruction of the thermal maturity of deposits based on conodont alteration indexes, X-ray microtomography for determining porosity values.Results. The Upper Devonian–Carboniferous succession (ca. 900 m thick) is composed of the terrigenous and carbonate Pyrkov Fm. (Frasnian), carbonate Lymbadyakha Fm. (Famennian-Tournaisian), Bolvanskii Fm. (Visean-Bashkirian), and Hoiponganase Fm. and Reef Chaika (Moskovian-Kasimovian). The early Frasnian part of the succession was deposited in a shallow-water environment. In the Middle–Late Frasnian, the Korotaikha paleodepression and an isolated carbonate platform was formed on the shelf edge. Filling of the paleodepression was completed at the end of the Early Visean. In the Late Visean–Late Carboniferous, a carbonate platform (ramp) formed. A Middle Paleozoic paleogeothermal gradient reconstructed on the basis of conodont alteration indexes is much higher in the Pai-Khoi carbonate parautochthone than in the most of Pechora Plate regions. This is likely to have been caused by the tectonic activity of the plate border in the Late Carboniferous–Mesozoic. A downward decrease in open porosity (from 6% to 0.1%) is likely to have been associated with increased compaction and recrystallization of the carbonates.Conclusions. Famennian-Tournaisian carbonate formations of the Pai-Khoi carbonate parautochthone were deposited under the conditions of isolated platform environment; however, the Visean–Late Carboniferous deposits were formed in the outer ramp environment. The Late Devonian–Middle Carboniferous carbonate deposits of the Pai-Khoi parautochthone demonstrate an extremely low open porosity and a high thermal maturity. These properties, along with the pronounced faulting and folding of the rocks, significantly decrease petroleum-bearing prospects of these deposits.