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.
Haikou Bay Haikou Bay Haikou Bay is a bay on the northern coast of Hainan Province, China, in the Qiongzhou Strait. It is named for Haikou City, which is situated on the coast. This shallow bay spans approximately 12 km from its eastern boundary at the northwestern tip of Haidian Island to its western boundary roughly at Hainan International Convention And Exhibition Center. Within the bay are the following from west to east: Part of the western edge of Haidian Island is being extended in a major land reclamation project. Also, several new areas of land off the coast of Haikou are