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.
Dampier Strait (Indonesia) Dampier Strait (Indonesia) Dampier Strait (sometimes also known as Augusta's Strait) in Indonesian province of West Papua is a strait that separates the Raja Ampat islands of Waigeo and Batanta. It is named after British navigator William Dampier. The Dampier Strait passes through the Indonesian archipelago of Raja Ampat ( West Papua province). Between the islands Batanta and Gam are several islands. The largest of these is the narrow island of . At its eastern tip are the islands of and . Island lies northwest. South of Mansuar are the , the , Djerief and the Mainsfield Islands. At the