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 August 16. This gives the community just over 3½ months without true night. In the winter the sun sets on November 22 and does not rise again until January 19 of the next year. The Pond Inlet has Civil twilight lasts from December 16 to December 26. However, there is twilight for at least 4 hours a day, unlike places such as Eureka. Notes Maps Further reading Baffin Island Baffin Island ( , ), in the Canadian territory of Nunavut, is the largest island in Canada and the fifth-largest island in the world. Its area is and its population is