In 2017, the Mikisew Cree and Fort McKay First Nations joined forces to buy 49% of Suncor’s East Tank Farm development, resulting in the largest and most significant business transaction in Aboriginal history. Mikisew Group effectively has 15% interest in the midstream asset.
Handling production from Suncor’s Fort Hills oil sands mining project, the East Tank Farm includes bitumen storage, blending and cooling facilities, and connectivity to third-party pipelines.
Economic benefits from this partnership will enhance infrastructure development, social programs, education and training in all Mikisew Cree First Nation communities for generations to come.