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.
Broughton Strait Broughton Strait Broughton Strait is a strait off the north coast of Vancouver Island, British Columbia, Canada, separating that island from Malcolm and Cormorant Islands, on the farther side of which is the larger Queen Charlotte Strait, which also lies beyond the western end of Brouhgton Strait, and the mouth of Knight Inlet. Farther east from Broughton Strait is the beginning of Johnstone Strait, which leads via Discovery Passage to the Strait of Georgia. Communities on the Broughton Strait include Port McNeill, on Vancouver Island, and Sointula and Alert Bay, on Malcolm and Cormorant Islands respectively. Broughton Strait was closed