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
Laura Bay, South Australia Laura Bay, South Australia Laura Bay is a locality in the Australian state of South Australia located on the west coast of the Eyre Peninsula overlooking the Great Australian Bight about north-west of the Adelaide city centre and about south east of the town centre of Ceduna. The boundaries of the locality were created in 1999 for the “long established name.” Laura Bay consists of land associated with a section of coastline that includes, from west to east, part of the east coast of Decres Bay, the promontory known as Cape D’Estrees and part of the north coast of Smoky