Davis Strait estimated that at least 13% of the world's undiscovered oil deposits and 30% of the world's undiscovered gas pockets are located in the Arctic, with the seas around Greenland potentially holding large amounts of natural gas and lesser amounts of crude oil and natural gas liquids. This has led Greenland's minister and provincial council to offer a large number of off-shore concessions to potential hydrocarbon (oil and gas) extraction. The largest concessions areas are located in seas west of Greenland, primarily the Davis Strait and Baffin Bay, but with several smaller concessions in the Greenland Sea in the east also.
Bay to Bay yacht race head along the Great Sandy Strait to the finish near Fig Tree Creek (before 1600hrs) just south of the overnight stopover at Garry's Anchorage a destination they need to reach before dark. During the night, yachts are either beached or anchored up individually or rafted together in the Anchorage. The second days race starts usually at 0730hrs north west of Dream Island with competitors heading north up the Great Sandy Strait, past Boonlye Point around the red lateral buoy S24 across towards the South White Cliffs on Fraser Island, past the entrance to the Mary River, past the Kingfisher Bay