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
Haikou Bay Haikou Bay Haikou Bay is a bay on the northern coast of Hainan Province, China, in the Qiongzhou Strait. It is named for Haikou City, which is situated on the coast. This shallow bay spans approximately 12 km from its eastern boundary at the northwestern tip of Haidian Island to its western boundary roughly at Hainan International Convention And Exhibition Center. Within the bay are the following from west to east: Part of the western edge of Haidian Island is being extended in a major land reclamation project. Also, several new areas of land off the coast of Haikou are