In short form, for a real market share, if you will, of that $100 billion for Canada, for our geography, for our frontier, a place along the curve, we should be targeting 4% or 5% of that market share, realistically. We're getting less than half of 1% today.
The bids in the last couple of years indicate that trajectory can be met if we continue to get companies interested and bidding at that level. We have five companies now planning to drill offshore. Plans are in various phases of CEAA as I speak today. In Nova Scotia, BP is actually drilling in one of their more interesting prospects.
This is good so far. Really, with the provision of geoscience and making it broadly available, Canada needs to look at this type of Norwegian Diskos system, whereby it basically provides a platform. It has the regulation to require the data; it just needs the apparatus—the shell, if you will, the front door where companies put the data in. Someone sits behind the front door and validates and verifies that it is received, which we do today in the different petroleum boards, but then it's to add that extra special layer, which costs not a lot at all, actually. It just takes some ingenuity, and you can get a lot of best practices from our Norwegian colleagues.
It's to find the system of access to that data and protection of the data that would work well for us and put it in as many hands as possible, so that I can download it here in Houston, Kuala Lumpur, London, or Oslo and see the same data set that my colleagues can see halfway around the world and do it electronically and quickly.
That does not exist. If there ever is a role for Canada.... It has joint jurisdiction over Nova Scotia, Newfoundland and Labrador, and all our offshore. It is the pre-eminent regulator. There is a great place for Canada to be that data repository, to be that Google of offshore data of all sorts. That's a modest investment, looking at the investment in total, and I think it'll be the most levered of any dollar that you can spend. We know it.
Nalcor Energy spends $20 million of Newfoundland and Labrador's taxpayer money per year for our geoscience program. We know that with the bid levels that have been received to date, if even no drilling is ever done and all these companies walk away from every dollar that they bid, 25% of that $2.5 billion is kept. It's defaulted to the government. We've more than paid for it. Canada has more than received, as Newfoundland and Labrador, its investment already.
It's very easy for me to argue, model, and articulate a strategy for a data repository similar to Norway's when you look at that level of investment.