COASTAL Contracts Bhd’s foray into Mexico is bearing fruit. In February last year, the oil and gas (O&G) outfit bagged its first onshore gas sweetening plant in Mexico, known as the Perdiz Plant, via its 50% joint venture Coastoil Dynamic SA de CV (CDSA) for the Ixachi gas field from Pemex the state-owned petroleum company worth RM258.7 million. The project includes engineering, procurement and construction (EPC) of a plant with a capacity of 80 million standard cu ft per day (MMSCFD), as well as 32 months of operation and maintenance contract.
Coastal Contracts Bhd has announced that a consortium led by its joint-venture company, Coastoil Dynamic SA de CV (CD) has entered into a service agreement with Pemex Exploracion and Produccion to undertake a RM4.5 billion onshore gas conditioning plant project in Mexico
Based on corporate announcements and news flow on Monday, companies in focus on Tuesday (Dec 28) may include Sunway Construction Group Bhd, Ranhill Utilities Bhd, Coastal Contracts Bhd, Lambo Group Bhd, Pestech International Bhd, Censof Holdings Bhd, AirAsia Group Bhd and Techna-X Bhd.
Coastal Contracts Bhd said on Monday (Dec 27) a consortium led by its joint-venture (JV) company Coastoil Dynamic SA de CV (CD) had secured a gas conditioning plant construction project in Mexico worth RM4.5 billion.