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 Mountains Baffin Mountains The Baffin Mountains are a mountain range running along the northeastern coast of Baffin Island and Bylot Island, Nunavut are part of the Arctic Cordillera. The ice-capped mountains are some of the highest peaks of eastern North America, reaching a height of above sea level. While they could be considered a single mountain range as they are separated by bodies of water to make Baffin Island, this is not true, as they are closely related to the other mountain ranges that make the much larger Arctic Cordillera mountain range. The highest point is Mount Odin at while Mount