KUALA LUMPUR: Coastal Contracts Bhd
and its Mexican joint venture partner has secured a project to build a RM258.7mil gas processing plant in Mexico.
The onshore gas "sweetening" plant project, to be constructed at Ixachi field in Veracruz, is for Petroleos Mexicanos (Pemex), the Mexican state-owned petroleum company.
In a Bursa Malaysia filing today, Coastal Contracts said it has a 50% equity interest in the joint venture, while its Mexican business partner, Grupo Empresarial Alfair SAPI de CV, part of the Nuvoil Group of companies, will hold the remaining 50% stake.
"The scope of work for the project mainly comprises of engineering, procurement, construction, operation and maintenance for the gas sweetening plant," it said.
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