Saudi Arabia is the primary nation with producing offshore oil fields in the Red Sea. State-owned giant Saudi Aramco operates several major fields in the northeastern Red Sea, part of the broader Arabian Basin petroleum system.
These fields are cornerstones of Saudi Arabia's oil output, which exceeds 10 million barrels per day. Revenue funds the national budget, sovereign wealth fund (PIF), and Vision 2030 diversification. Aramco continues to invest in incremental recovery (water injection, CO2-EOR) and new Red Sea exploration blocks.
Note: While Sudan and Egypt have Red Sea coastlines, commercial offshore production there is minimal or non-existent compared to Saudi Arabia's established, giant fields.