The Minister of Petroleum signed two petroleum agreements amendments between the Egyptian General Petroleum Corporation (EGPC) and the English Major BP & the German Utility RWE Dea, on 19/7/2010, in North Alexandria and West Mediterranean Deep Water concessions, to develop estimated reserves of about 5 trillion cubic feet of gas and 55 million barrels of condensates, contributing to securing daily gas production supplies for the domestic market. First gas is expected in October 2014, at an estimated average of 900 million cubic feet per day and 10 thousand barrels of condensates per day. The Minister pointed out that the amendment of the agreements includes conditions that guaranteed Egypt great advantages, particularly with the risks of development in the Mediterranean deep waters concession area, due to high pressure and temperature. In addition, the foreign partners will take upon all the needed investments for the development, which are about $ 9 billion, without any cost-recovery. After signing the agreement, Tony Hayward, BP Chief Executive Officer, announced that this agreement unlocks a new phase in realizing the huge potential of the Nile Delta basin, which will play an important role in meeting regional & domestic energy security needs in the coming decades. Hesham Mekawi, President of BP Egypt, pointed out to the company's success in achieving many of the discoveries in these two regions. Investment in this project will reinforce Egypt’s importance as a major source of future oil and gas production. Thomas Rappuhn, Chief Executive Officer of RWE Dea, announced that it’s the biggest single investment for the company in the upstream field to date, clarifying that the company will support the project with the necessary technical expertise, in addition to the deployment of leading-edge technologies.