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North Sea oil producer EnQuest, which has endured a tough year dealing with debts and the softer oil price, says its chief operating officer is leaving today.
Neil McCulloch is departing by “mutual consent”, and chairman Jock Lennox thanked him for his “unstinting contribution during a challenging period”.
Earlier this year, EnQuest suffered from teething problems at its Kraken oil field in the North Sea, though it said it was making “good progress” this month. In September, it won a waiver from its banks ahead of a test of its loan covenants.