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.
Frozen Strait Frozen Strait Frozen Strait is a waterway in Nunavut just north of Hudson Bay between the Melville Peninsula to the north and Southampton Island to the south. It connects Repulse Bay to the west with Foxe Basin to the east. The strait is long, and 19 to 32 km (12 to 20 miles) wide. In 1615 Robert Bylot was blocked by ice at its east end. In 1742 Christopher Middleton (navigator) reached the west end. He sailed north through Roes Welcome Sound to Repulse Bay. Seeing the strait ice-filled in August, it seemed clear that there was no passage so