Article

Coastal Contracts has secured a $1.14 billion EPC contract with PEMEX for the development of the Ixachi gas field in Mexico, involving a consortium that includes Coastoil Dynamic, Sistemas Integrales de Compresión, and Nuvoil. The project entails the construction of a gas sweetening plant, a separation facility, and a condensate pipeline, with construction timelines ranging from 300 to 517 days. This agreement marks a significant expansion of Coastal's role in Mexico's natural gas processing sector, distinct from a previous contract signed in January 2021.