I'll be brief.
Transparency on data is so important. In particular, if you have an industry that has pioneering companies that have been here for 20 and 30 years and have largely been the first movers, have invested a lot, have amassed their own data trove, then by all means they should be enabled and thanked for that level of investment. However, how do you lever, how do you grow, and how do you create a level playing field, such that a new company that has never done business in Canada can come in and compete on adjacent lands?
Well, one such way is to do what we've done. We've followed a multi-client data strategy. Multi-client means you shoot for the geoscience data once and you make it available at the same price, amount, and formats to all. That's a transparent way of creating the understanding that no company around the table has any better competitive opportunity than any other. That's totally reassuring.
By the way, the older, established pioneering companies appreciate it too, because they won't spend 100% of the dollar on data. They'll maybe only spend 20ยข of the dollar on data, and that is actually a reward of being a pioneer. They will benefit from new entrants to lower their costs as time goes forward. That's from the element of transparency.
Just to bridge to the $1-trillion growth fund, Norway has seen the opportunity in their prospectivity through geoscience some 20 or 30 years ahead of Canada. I know the world of offshore oil and gas, I know geoscience pretty well, and I know the scale of our offshore, at 1.8 million square kilometres, is twice the size of Norway. Geologically, it has the same play types. For me, it's highly unlikely that we will not have ultimately the same geologic success that Norway has had. We have only really drilled and produced from 0.5% of our offshore area. Norway is into about 12% to 14% of its offshore.
Our days are yet to come, then. We just don't know if we have the time to get there.