Queen Elizabeth Islands on the east, Parry Channel on the south and the Arctic Ocean to the north and west. Most are uninhabited although the Natural Resources Canada's Climate Change Geoscience Program Earth Sciences Sector (ESS), has monitors on the islands. In 1969 Panarctic Oils, now part of Suncor began operating exploration oil wells in the Sverdrup and Franklinian basins and planned on establishing its resource base in the Queen Elizabeth Islands. It ceased production in the 1970s. At the 2013 GeoConvention the Arctic Islands region were called Canada's perpetual "last petroleum exploration frontier". Hogg and Enachescu argued that the development and implementation
Queen Elizabeth Islands for its southwestern part (less Ellesmere Island and Sverdrup Islands). The regional break down of the archipelago is therefore as follows: Ellesmere Island is the northernmost and by far the largest. The Sverdrup Islands are located west of Ellesmere Island and north of Norwegian Bay. The remaining islands further south and west, but north of the Parry Channel (Lancaster Sound, Viscount Melville Sound and McClure Strait), have been carrying the name Parry Islands, which name until 1953 had also included the Sverdrup Islands and Ellesmere Island. South of Lancaster Sound, Viscount Melville Sound and McClure Strait are the remaining islands