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.
Nepean Bay Nepean Bay Nepean Bay is a bay located on the north-east coast of Kangaroo Island in the Australian state of South Australia about south-south-west of Adelaide. It was named by the British navigator, Matthew Flinders, after Sir Evan Nepean on 21 March 1802. Nepean Bay lies between Point Marsden and Kangaroo Head on the north-east coast of Kangaroo Island facing into Investigator Strait. Nepean Bay itself includes the following coastal inlets from west to east - Bay of Shoals, Western Cove and Eastern Cove. Eastern Cove itself includes an inlet consisting of a channel known as American River and a