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
Australian north-east coast drainage division Australian north-east coast drainage division The north-east coast drainage division or north-east coast basin is the area of Queensland between the Great Dividing Range and the Pacific Ocean. It lies between Torres Strait and an arbitrary line drawn along the Queensland - New South Wales border. In the north it meets the Gulf of Carpentaria basin to its west while further south lies the Lake Eyre Basin and the Murray-Darling Basin. In the south the Australian south-east coast drainage division continues to the east of the Great Divide. The basin covers 450,705 km² across 46 river catchments. It is the