COPENHAGEN (Reuters) - Denmark and its self-governing dependency of Greenland plan to present a seabed claim extending to the North Pole before the end of 2014 against competing claims from other Arctic states, Danish officials said on Monday.
Ownership of the Arctic seabed has grown in importance as the shrinking of sea ice has opened new prospects for exploration and production of the region's potentially vast oil and gas resources.
Under international law, no country now owns the North Pole or the Arctic Ocean area surrounding it.