The correct option is A Covering 71 percent of Earth's surface, the oceans play an essential role in maintaining the conditions for human existence on land, moderating
The meaning of the sentence is clear and logical- the oceans that cover 71% of the Earth's surface play an essential role in maintaining the conditions necessary for humans to exist on Earth. Oceans do this by maintaining and moderating the temperature by absorbing heat and carbon dioxide, and giving pure water back to the atmosphere through evaporation. All the actions mentioned in the sentence are parallel (verb-ing forms- maintaining, moderating, giving). The original sentence is perfect as it is. Thus, option A is the correct answer.