PETALING JAYA: Oil and gas services outfit Coastal Contracts Bhd
’s outlook is expected to improve with a pending contract extension of the company’s jack-up gas compression service unit (JUGCSU) as well as the planned expansion of the Papan gas processing plant in Mexico by Petróleos Mexicanos (Pemex).
TA Research, in a report following an analyst briefing with Coastal Contract’s management, said plans by Pemex to expand the plant is expected to be finalised by early 2025 while the Perdiz gas processing plant would also undergo modifications to include liquefied petroleum gas recovery capabilities.
