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 as they come up for air. When they first arrive, the males arrive a few weeks ahead of the females and young. The largest summer visitor to Baffin Island is the bowhead whale. Found throughout the Arctic range, one group of bowhead whales are known to migrate to the Foxe Basin, a bay on the western side of Baffin Island. It is still not known whether they visit for the lush sea bounty or to calve in the Foxe Basin. Baffin Island lies in the path of a generally northerly airflow all year round, so, like much of northeastern Canada,