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
Seal Island (Investigator Strait) Seal Island (Investigator Strait) Seal Island is an island located in Investigator Strait off the south coast of Yorke Peninsula in the Australian state of South Australia about south south-west of Stenhouse Bay. Since 1972, it has been part of the Althorpe Islands Conservation Park. Seal Island is about south south-west of Stenhouse Bay. It is described as an ‘elevated hump’ rising to a height of with a series of ‘segmented islets’ at its west side. Seal Island is reported as being best accessed via its north coast and during the ‘calmest weather’. A number of sources consider Seal Island