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
Cook Strait west side and North Island on the east. At its narrowest point, separate Cape Terawhiti in the North Island from Perano Head on Arapaoa Island in the Marlborough Sounds. Perano Head is actually further north than Cape Terawhiti. In good weather one can see clearly across the strait. The west (South Island) coast runs along Cloudy Bay and past the islands and entrances to the Marlborough Sounds. The east (North Island) coast runs along Palliser Bay, crosses the entrance to Wellington harbour, past some Wellington suburbs and continues another to Makara beach. The Brothers is a group of tiny islands