AKITA’s First Nations, Inuit & Métis Involvement
We’ve been building meaningful joint venture relationships with Canada’s First Nations, Inuit and Métis since 1983. In fact, our initial joint venture was already in place at the time of the company’s formation, and these relationships have become an integral part of our business.
We continue to be committed to fostering strong, successful relationships with local First Nations, Inuit and Métis communities with ties to the land where resources are being developed.
These ventures are guided by our core values of integrity, respect and commitment. We work to create fair and profitable opportunities that will directly benefit AKITA, our Aboriginal partners and their communities. This includes offering real equity ownership in the drilling rigs we operate, creating opportunities for employment, providing ongoing training and supporting other spinoff business ventures.
Currently First Nation, Inuit and Métis groups hold ownership interests in eight of AKITA’s rigs. Every joint venture offers ownership interest in a rig, with ownership interests ranging from 5% to 50% per Aboriginal group per rig. Further, every one of our Aboriginal Partners is granted the opportunity to purchase an ownership interest in each wholly owned AKITA rig operating within the established joint venture area.
Current First Nations, Inuit & Métis Joint Ventures
Established in 1983, Akita Equtak Drilling Ltd. is a joint venture between AKITA and the Inuvialuit Development Corporation, with offices in Inuvik, NWT. The Inuvialuit Development Corporation holds an ownership interest in three drilling rigs with AKITA.
Established in 2001, Akita Kaska Drilling Ltd. is a joint venture between AKITA and Kaska Drilling Limited Partnership, which is owned by the Dayla Dena Council, Dease River First Nation, Kwadacha Nation, Liard First Nation and Ross River Dena Council. Kaska Drilling Limited Partnership previously held an ownership interest in one AKITA rig, but does not currently hold an ownership interest in any drilling rigs.
AKITA Mistiyapew Aski Drilling Ltd. is a 50-50 joint venture established in 2018, between AKITA and the Sauteau First Nations, which owns a 10% ownership interest in Rig 56. The traditional territory of the Sauteau First Nation’s encompasses the Montney formation in British Columbia.
Established in 1998, Akita Sahcho Drilling Ltd. is a joint venture between AKITA and ADK Petroleum Limited Partnership, with offices in Fort Liard, NWT. Owned by the Acho Dene Koe First Nation, ADK Petroleum Limited Partnership had an ownership interest in one AKITA rig in the past, but does not currently hold an ownership interest in any drilling rigs.
Established in 2000, Akita Sahtu Drilling Ltd. is a joint venture between AKITA and Sahtu Oil Inc., with offices in Norman Wells, N.W.T. The shareholders of Sahtu Oil Inc. are six land corporations owned by the Sahtu Dene and Métis which were established in 1993 in accordance with the Sahtu Dene Métis ComprehensiveLand Claim Agreement. Sahtu Oil Inc. owns an ownership interest in one drilling rig.
Established in 2004, Akita Wood Buffalo Drilling Ltd. is a joint venture between AKITA and Chipewyan Prairie First Nation, Fort McMurray First Nation and a Métis alliance comprised of Conklin Métis Local 193, Fort McMurray Métis Local 2020, Fort McKay Métis Local 63, and Fort Chipewyan Métis Local 125. Together the First Nation and Métis shareholders of Akita Wood Buffalo hold varying degrees of ownership interest in four rigs with AKITA.
Inquiries & Additional Information
We welcome the opportunity to respond to your questions or concerns relating to AKITA or the opportunity to joint venture with AKITA. For more information, please contact Clayton Bourque or Colin Dease.
Joint Ventures and Business Development
Vice President, Canadian Operations