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
Baffin Bay (Texas) 310 times larger by area than the Baffin Bay in Texas. The Baffin Bay has three branches, which are named as follows (counterclockwise on the map above): Alazan Bay on the north (green), Cayo del Grullo (purple) and Laguna Salada (blue). Several ephemeral streams, including San Fernando, Santa Gertrudis and Los Olmos, flow into the bay, but only when it rains. Because of the scarce freshwater inflow and extensive evaporation, which is promoted by shallow water and warm climate, the bay has a relatively high water salinity reaching 75‰ (parts per thousand) in its northern part. Between 1946 and 1948