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.
Mallik Island characterized by rounded hills and low tundra valleys, and includes tundra wildflowers. Mallikjuaq Territorial Park spans both Mallik Island and Dorset Island. It is notable for its Thule culture, Dorset culture, and Inuit archaeological sites dating back as far as 3,000 years. From Cape Dorset, at low tide, the hike to Mallikjuaq Park takes approximately 45 minutes. It is also reachable by boat. Mallik Island Mallik Island (variant: Mallikjuaq Island, meaning "big wave") is one of the uninhabited Canadian arctic islands of Qikiqtaaluk Region, Nunavut, Canada. It is located in Hudson Strait between Baffin Island's Foxe Peninsula and Dorset Island.