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.
Dorset Island In 1929, it was the departure point for naturalist Dr. J. Dewey Soper in his quest for locate the blue goose's Foxe Basin nest area. Mallikjuaq Territorial Park spans both Dorset Island and Mallik Island. Notable for its Thule culture, Dorset culture, and Inuit archaeological sites that date back as far as 3,000 years ago, it is reachable by foot from Cape Dorset at low tide, or by boat. Dorset Island Dorset Island or Cape Dorset Island is one of the Canadian Arctic islands located in Hudson Strait, Nunavut, Canada. It lies off the Foxe Peninsula area of southwestern Baffin