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.
Shelikof Strait variances of up to 40 feet (12 meters). The strait is named after Grigory Shelikhov (1747–1795), also spelled "Shelikof", the Russian fur trader who founded the first Russian settlement in what is now Alaska at Three Saints Bay on Kodiak Island in 1784. The United States Navy seaplane tender USS "Shelikof", in commission from 1944 to 1947 and from 1952 to 1954, was named for Shelikof Strait. Shelikof Strait Shelikof Strait () is a strait on the southwestern coast of the U.S. state of Alaska between the Alaska mainland to the west and Kodiak and Afognak islands to the east.