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Vol. 15, No. 38 Week of September 19, 2010
Providing coverage of Alaska and northern Canada's oil and gas industry

Arctic Directory: Kuukpik purchases rig, consolidates ownership

Kuukpik Corp. said July 19 that it has completed transactions for the purchase of Kuukpik Rig No. 5 from Saxon Energy Services Inc. and the purchase of the minority ownership of Kuukpik Drilling LLC from the corporation’s partners. Kuukpik Drilling LLC is now wholly owned by Kuukpik Corp., with all ongoing and future operations continuing under the name Kuukpik Drilling LLC. Kuukpik Corp. is an Alaska Native village corporation established in 1973 under the provisions of the Alaska Native Claims Settlement Act. Kuukpik’s business interests and activities consist primarily of oil and gas support services including drilling, catering, security, ice road and civil construction, infrastructure maintenance, seismic acquisition, engineering services and cargo transportation.

The corporation has significant land holdings in and around the Greater Colville River Delta and the National Petroleum Reserve-Alaska. Kuukpik Corp. maintains offices in both Nuiqsut and Anchorage, Alaska.



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