Coastal Contracts

What Coastal Contracts does

Coastal Contracts Bhd is a Bursa Malaysia-listed (stock code 5071) integrated oil and gas services and energy infrastructure provider operating across Malaysia, Mexico and Singapore. The Group is organized around four business segments: Energy Infrastructure (onshore gas sweetening and cryogenic processing plants in Mexico plus a 15MW grid-connected solar plant in Sabah), Offshore Vessel Owning and Chartering (a diversified fleet of liftboats, MPSVs, AHTS, USVs, crew boats and fast support vessels), Shipbuilding and Repair (two Malaysian shipyards spanning over 97 acres), and Hospitality (the planned Lepa Lepa Overwater Resort in Semporna, Sabah, targeted for 2027). Its principal customer is PEMEX, which is anchored to the Papan and Perdiz gas processing facilities at the Ixachi field and the Agosto 12 Jack Up Gas Compression Service Unit at the Cantarell field under multi-year O&M and EPC contracts ranging from 32 months up to 10 years with extension options.

The Group generates revenue through a mix of long-term O&M contracts (energy infrastructure), vessel chartering and sales (offshore services), build-then-sell shipbuilding with associated repair services (shipyards), and a future hospitality stream. Go-to-market is direct enterprise B2B, targeting National Oil Companies and International Oil Companies through relationship-driven sales, competitive tenders for EPC and O&M contracts, and a Head of Marketing and Commercial division for vessel chartering and S&P activity. Founded in 1976 as a marine transportation business and incorporated in its current listed form in 2000, the Group remains family-controlled by the Ng family, with the Executive Chairman Ng Chin Heng as principal founder and his daughter Alice Ng appointed as Executive Director in May 2023, indicating an active generational succession. Notable technical differentiators include being the operator of the first privately owned cryogenic gas processing plant in Mexico (Papan, 345 mmscf/day) and the only Jack Up Gas Compression Service Unit operating in Mexico, supplying in aggregate more than 10% of Mexico's daily gas needs across the two plants' 525 mmscf/day combined capacity.

Name

Coastal Contracts

Legal name

Coastal Contracts Bhd

Website

https://coastalcontracts.com

Company type

Public

Founded year

1976

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Offshore Oil & Gas Services and Energy Infrastructure

NAICS

Ship Building and Repairing (336611), Other Support Activities for Water Transportation (48839)

SIC

Ship & Boat Building & Repairing (3730), Water Transportation (4400)

akta.pro primary industry

Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS) (TLADABAL)

akta.pro secondary industries

Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ), Quay & Waterfront Civil Works (Piers, Quays, Seawalls, Dredging, Revetments) (IMAJALAF)

Keywords

• Offshore vessel chartering
• Shipbuilding and repair
• Gas processing services
• Energy infrastructure solutions
• Oil and gas services

Headquarters

HQ city

Sandakan

HQ country

Malaysia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Offshore Vessel Chartering and Sales: Chartering and sales of offshore support vessels including liftboats, MPSVs, AHTS, USVs, and other offshore support vessels. Revenue generated from long-term charters (8+ years) and vessel sales to oil and gas operators globally.
2. Shipbuilding and Repair Services: Vessel construction, repair and maintenance services from two Malaysian shipyards covering over 97 acres. Build-then-sell model for offshore support vessels with full repair and maintenance for naval, patrol, and commercial fleets.
3. Energy Infrastructure O&M: Operations and maintenance contracts for gas processing plants in Mexico (Perdiz and Papan plants). Ten-year tenure for Papan Plant with recurring O&M revenue. 32-month contract with extension options for Perdiz Plant.
4. Hospitality Operations: Eco-luxury resort operations including Lepa Lepa Overwater Resort and sister inland villas in Semporna, Sabah. New venture representing diversification beyond oil and gas.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Coastal Contracts Bhd is a global integrated oil & gas services and energy infrastructure solutions provider that owns and operates onshore gas processing plants (Papan Plant at 345mmscf/day and Perdiz Plant at 180mmscf/day in Mexico), a versatile fleet of offshore support vessels (liftboats, MPSVs, AHTSs, USVs, and the Jack Up Gas Compression Platform Agosto 12), and two shipyards in Malaysia covering over 97 acres for vessel construction and repair. The Group also runs long-term charter contracts, EPC/O&M services for energy infrastructure, and a hospitality venture (Lepa Lepa Overwater Resort) in Semporna, Sabah.

Product overview

Coastal Contracts Bhd is a global integrated oil & gas services and energy infrastructure solutions provider operating across four business segments: Energy Infrastructure (onshore gas processing plants and solar power), Offshore Vessel Owning & Chartering (diverse fleet of offshore support vessels including liftboats, MPSVs, AHTs, USVs), Shipbuilding & Repair (two Malaysian shipyards spanning over 97 acres), and Hospitality (Lepa Lepa Overwater Resort in Semporna, Sabah). The company operates major gas processing facilities including the Papan Plant and Perdiz Plant in Mexico's Ixachi field, serving approximately 10% of Mexico's daily gas needs, along with offshore vessel operations in the Gulf of Mexico and a growing renewable energy portfolio including a 15MW solar power plant in Sabah, Malaysia.

Differentiator

Problem solved

Functional benefit

Brands

• Lepa Lepa Resort: Eco-luxury resort in Semporna, Sabah offering overwater and inland villa accommodations surrounded by coral reefs and ancient rainforests.

Products and services

• Papan Plant Coastal Group's largest onshore gas processing plant in Ixachi field, Veracruz, Mexico. First privately owned cryogenic plant in Mexico with capacity up to 345 mmscf per day, providing gas sweetening, dehydration, dew point control and LPG extraction services for PEMEX.
• Perdiz Plant First onshore gas conditioning plant serving Ixachi field, Veracruz, Mexico with capacity up to 180 mmscf per day for gas sweetening services to PEMEX.
• 15MW Solar Power Plant (Sabah) Coastal's first renewable energy venture in Malaysia — a 15MW grid-connected solar power facility in Sabah supporting Malaysia's clean energy transition and national renewable energy targets.
• Offshore Vessel Owning & Chartering Owns and operates a diverse fleet of offshore support vessels including liftboats, MPSVs, AHTs, USVs, crew boats and fast support vessels serving the global oil and gas industry across all offshore operation stages.
• Agosto 12 (Jack Up Gas Compression Platform) First and only Jack Up Gas Compression Platform operating in Mexico, serving the Cantarell field in the Gulf of Mexico, enhancing oil recovery and reducing greenhouse emissions by compressing sour gas for re-injection or transport to processing centers.
• Teras Conquest 7 (Self-Elevating Liftboat) Self-elevating liftboat with capacity for 150 personnel, designed for well intervention, maintenance and accommodation support in offshore environments.
• Coastal Supreme (85m Subsea Maintenance Vessel) 85-meter subsea maintenance vessel designed for offshore subsea operations and maintenance activities.
• Shipbuilding & Repair Design and construction of vessels including barges, tugboats, jack-ups and MPSVs, along with full repair and maintenance services for naval, patrol and commercial fleets from two Malaysian shipyards covering over 97 acres.
• Lepa Lepa Overwater Resort Eco-luxury overwater resort in Semporna, Sabah, featuring overwater villas and sister inland properties designed for discerning travelers seeking sustainability and natural experiences surrounded by coral reefs and ancient rainforests.

Quantifiable outcome

• Supplies >10% of Mexico's daily natural gas needs
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• PEMEX (Petróleos Mexicanos)coreStrategic or Co-development PartnerStrategic partnership with Mexico's national oil company for gas processing operations. Joint venture arrangement for Perdiz Plant and Papan Plant operations at Ixachi field. Coastal operates Jack-Up Gas Compression Service Unit at PEMEX's Cantarell field. Partnership includes PACMA (Program of Support to the Community and the Environment) initiatives for sustainable development in operating communities.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Mermaid Maritime Public Company Limited: Thailand-based subsea and offshore vessel services provider. Comparable as an Asian OSV/subsea services peer serving NOCs and IOCs in regional offshore markets.
• Bumi Armada Berhad: Malaysian-listed offshore energy services provider operating FPSOs and OSVs. Comparable as a Bursa Malaysia-listed peer with integrated offshore vessel and energy infrastructure exposure serving NOCs globally.
• Vallianz Holdings Limited: Singapore-based offshore vessel owner and charterer focused on OSVs for the global oil & gas industry. Comparable chartering model and customer base of international oil & gas operators.
• TAS Offshore Berhad: Malaysian offshore vessel owner-operator with a fleet of AHTS, supply vessels and accommodation barges. Comparable vessel types, geographic focus and shipyard-adjacent operations in Malaysia.
• Icon Offshore Berhad: Malaysian-listed OSV operator providing AHTS and accommodation vessels to oil & gas clients. Comparable vessel mix (anchor handlers, support vessels) and customer base of regional NOCs and IOCs.
• Nam Cheong Limited: Malaysian OSV shipbuilder and charterer historically focused on the Malaysian market. Comparable shipbuilding yard capacity and OSV newbuild exposure alongside chartering operations.
• Perdana Petroleum Berhad: Malaysian-listed offshore support vessel owner-operator focused on AHTS and accommodation vessels. Comparable as a regional OSV chartering peer serving similar oil & gas clients across Asia.

Broad incumbents

• Sapura Energy Berhad: Larger Malaysian integrated oil & gas services company with offshore drilling, energy services and vessel operations. Comparable as a domestic incumbent with overlapping OSV and EPC capabilities across Malaysian and international markets.
• SBM Offshore N.V. Global leader in FPSO leasing, operations and production. Comparable as a long-tenor offshore infrastructure operator monetizing production-critical floating assets under multi-year contracts with NOCs like PEMEX.

Emerging players

• Gaspetro S.A. de C.V. Mexico-based gas processing and conditioning company serving PEMEX. Comparable onshore gas sweetening and conditioning capability within the same Mexican regulatory and customer environment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/coastalcontracts

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Coastal Contracts