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Northcote inks oilfield waste treatment agreement with Pemex

A subsidiary of Northcote Energy has signed a preliminary agreement with Pemex to carry out waste treatment services for the Mexican-state owned oil company. Mayan Drilling Fluids (MDF) will use its soon-to-be commissioned treatment facility in Comalcalco, Mexico, to recycle oil cuttings from fields operated by Pemex, if a binding agreement is reached. MDF is a joint venture between Northcote, which holds 51% of the enterprise, and its Mexican partner Gaia Ecologica.