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.
Baffin Island has snow over it, and create a small "igloo" where they whelp one or two pups. Within three weeks the pups are in the water and swimming. During the summer, ringed seals keep to a narrow territory approximately along the shoreline. If pack ice moves in, they may venture out and follow the pack ice, dragging themselves up on an ice floe to take advantage of the sun. Nesting birds are summer land visitors to Baffin Island. Baffin Island is one of the major nesting destinations from the Eastern and Mid-West flyways for many species of migrating birds. Waterfowl include