Asia
Coastal Contracts Bags $205 Million Consortium Contract in Mexico
Coastal Contracts (KLSE:COASTAL) bagged a consortium contract worth $204.8 million from Pemex for works at the Ixachi field in Mexico, according to a Thursday Malaysian bourse filing.Shares slid over 1% in Friday's late morning trade.The project covers engineering, procurement, and construction (EPC) services, and a three-year operations and maintenance (O&M) package for the 2nd Perdiz gas sweetening plant.Total EPC value is $157.5 million, while O&M is estimated at $47.3 million.The O&M period runs from May 20, 2026, to May 19, 2029, under the Pemex emergency work instruction framework, the filing said.
KLSE:COASTAL
