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.
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