PETALING JAYA: Coastal Contracts Bhd
has announced that a consortium comprising its Mexican joint venture company, Coastoil Dynamic SA de CV, Sistemas Integrales de Compresión SA de CV and Nuvoil SA de CV has received an emergency work instruction (EWI) from Petróleos Mexicanos (PEMEX), the Mexican state-owned petroleum company.
In a filing with Bursa Malaysia, the shipbuilding company said the EWI was issued pursuant to PEMEX’s emergency exception process.
“PEMEX advised that gas flaring at the Ixachi Field has resulted in an emergency situation requiring immediate action to reduce the gas flaring.”
In view of the emergency situation, Coastal Contracts said it was not feasible to conduct the timely standard open tender procedure.
It added that the consortium was instructed to immediately proceed, on an exceptional basis with the design, supply, construction, installation and commissioning of a gas sweetening plant with a capacity of up to 200 Million standard cubic feet per day (second Perdiz Plant) for the processing of wet sour gas near to the existing Perdiz Plant.
“The company expects the contract to be finalised and executed by March 2026. The execution of the work is revenue in nature and entered in the ordinary course of business of Coastoil Dynamic.”
