Coastal Contracts still in talks with Pemex about contract extension

KUALA LUMPUR: Coastal Contracts Bhd is still in negotiations with Mexico’s national oil company Petroleos Mexicanos (Pemex) on the Perdiz gas plant and jack-up gas compression service unit (JUGCSU) contract extension.

Citing an analyst briefing, TA Research noted the discussion with Pemex for a two-year contract extension was expected to be finalised in January.