Coastal Contracts sets up in Mexico

Kuala Lumpur: Another Southeast Asian offshore operator is looking to get in on the booming Mexican energy scene.

Malaysia’s Coastal Contracts has incorporated Coast Oil (COSA) in Mexico. The subsidiary will lease and sublease a range of offshore assets.

Not all Southeast Asian entrants into Mexico have found it easy however. Last October PACC Offshore Services Holdings (POSH) canned its planned Mexican tie up.  [22/01/15]

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