Indigenous Partners

We’ve been building meaningful joint venture relationships with Canada’s First Nations, Inuit and Métis since 1983 and these relationships have become an integral part of our business. We continue to be committed to fostering strong, successful relationships with local Indigenous 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 Indigenous partners and their communities. This includes offering equity ownership in the drilling rigs we operate, creating opportunities for employment, providing ongoing training and supporting other spinoff business ventures.

Together, AKITA and our partners directly benefit economically through joint equity in rig ownership, and today more than 20 different Indigenous groups hold equity investments in our rigs. Every joint venture offers ownership interest in a rig, with ownership interests ranging from 5% to 50% per Indigenous group per rig. Further, every one of our Indigenous partners is granted the opportunity to purchase an ownership interest in each wholly owned AKITA rig operating within the established joint venture area. Our current active joint ventures are: