The project is expected to produce enough LNG to load about 10 vessels a month by mid-2016, equivalent to exporting around eight million tonnes of LNG a year, Reuters reported.
Earlier this year, Saudi Aramco made a similar request to cut drilling services costs after oil prices tumbled, and also secured lower daily rates for rigs, Reuters said.
Bankers’ anchor asset is Albania’s Patos-Marinza oil field and neighboring concessions Block "F" and Kucova. Püspökladány Block totals contains the abandoned Biharnagybajom oil field.
Development of Leviathan, which holds an estimated 622 billion cubic meters of gas, is being led by Texas-based Noble Energy and Delek Group.
"Unless non-OPEC say they are willing to help, I think there will be no change," said a delegate from a major OPEC producer. "OPEC will not cut alone."
Bayon has more than 24 years of experience in the oil and gas industry. For the past 20 years, he has worked with BP.
A more complete report of the test results will be published by year-end 2015. Tests results have shown promise for best subsalt discoveries so far, CEO said, Reuters reported.
Reuters said Shell was fined 22,500 British pounds. A subsea pipeline leak from Gannet Alpha Field spilled more than 200 tonnes of oil into central North Sea in August 2011.
Earlier this year the state-run group discovered a tight gas deposit in Pakistan with total reserves estimated at 4.5 billion cubic meters.
Norges Bank currently estimates a drop in petroleum investment of 12.5 percent this year compared to last year and a further drop of 10 percent next year.
The resignation is on the "best of terms" as Zehnder plans to continue his career outside of the oil and gas industry, according to the release.
The takeover, which will involve FOGL's chief executive and chairman joining the Rockhopper board as non-executive directors, will merge the companies' exploration campaigns in the Falkland Islands.