Baffin Bay Geological Survey has 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. Accordingly, the Greenland authorities have offered a large number of off-shore concessions for potential hydrocarbon (oil and gas) extraction. The largest concession-areas are located in seas west of Greenland; primarily in Baffin Bay and the Davis Strait, but with several smaller concessions in the Greenland Sea in the east also. Baffin Bay
Karimata Strait Karimata Strait The Karimata Strait () also spelled Carimata or Caramata is the wide strait that connects the South China Sea to the Java Sea, separating the Indonesian islands of Sumatra and Borneo (Kalimantan). It is bordered by the Belitung island (off Sumatra's eastern coast) in the west and Borneo in the east. It is the widest strait that connects the South China Sea and the Java Sea (other straits include the Bangka and Gaspar Straits), but its numerous islands and reefs reduce its navigability. Its weather and current is influenced by the annual southeast and northwest monsoon. It was