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
Adams Island (Nunavut) width. Another, much smaller, Adams Island is located off the northeastern tip of Baffin Island. Adams Island (Nunavut) Adams Island (Inuit: "Tuujjuk") is an uninhabited island in the Qikiqtaaluk Region of Nunavut, Canada. The island is located in Baffin Bay off the northeastern coast of Baffin Island in the Canadian Arctic Archipelago. Nearby are Dexterity Island (northeast), Dexterity Fiord and Baffin Island (east), Tromso Fiord (south), Paterson Inlet (west), Bergesen Island (northwest), and Isbjorn Strait (north). Adams Island is irregularly shaped, its eastern and western sides split by the Ratcliffe Arm. Coastlines slope sharply while the interior mountains are over