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.
Karimata Strait Karimata Strait The Karimata Strait () also spelled Carimata or Caramata is the wide strait that connects the South China Sea to the Java Sea, separating the Indonesian islands of Sumatra and Borneo (Kalimantan). It is bordered by the Belitung island (off Sumatra's eastern coast) in the west and Borneo in the east. It is the widest strait that connects the South China Sea and the Java Sea (other straits include the Bangka and Gaspar Straits), but its numerous islands and reefs reduce its navigability. Its weather and current is influenced by the annual southeast and northwest monsoon. It was