Egypt has signed two new agreements to search for natural gas and oil in the Nile Delta region with UAE’s Dana Gas and a UK firm with investments estimated at a minimum of about $ 97 million, a report said.

The first agreement with Dana Gas is in the north of the floor area of fitness Nile Delta, with an investment $ 22 million. It alos involves a $5 million deal to conduct seismic survey and drill five new wells, added the report in Akhbarak.

The second agreement with two British firms and Dana Gas will see an investment of $75 million in the ground rainfed area of Nile Delta. It also includes three-dimensional seismic surveys and the drilling of three new wells.