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
Stephens Island (Torres Strait) Stephens Island (Torres Strait) Stephens Island, called Ugar in the native language, is an island of the Torres Strait Islands archipelago, located in the eastern section of Torres Strait, Queensland, Australia. The island is administratively managed by the local government area of the Torres Strait Island Region. Ugar (also known as Stephen Island) is situated in the eastern island group of Torres Strait. The Torres Islander people of the island are of Melanesian origin and hold close kinship ties with the Islander people of Darnley Island (Erub) and Murray Island (Mer). The Traditional Owners of Stephen Island call themselves the