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
Dorset Island 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 Island in the Qikiqtaaluk Region. It is serviced by an airport and a harbour. The island was named after the statesman Edward Sackville, 4th Earl of Dorset. The island is long and wide, with its highest elevation above sea level. On the southern end of Dorset Island, at an elevation of above sea level, the mountain, Cape Dorset, projects into the Hudson Strait. It is part of the Kingnait