Editing Red Sea (section)

=== Oil and gas ===
Undiscovered oil reserves in the region have been estimated at {{convert|5,041|e6oilbbl|e6m3|order=flip|abbr=off}} . Undiscovered gas reserves in the region have been estimated at {{convert|112,349|e9ft3|e9m3|order=flip|abbr=off|sigfig=3}}. Undiscovered natural gas reserves have been estimated at {{convert|3,077|e6oilbbl|e6m3|order=flip|abbr=off|sigfig=3}}.<ref>Schenk, Christopher. ''World Petroleum Resources Project Assessment of Undiscovered Oil and ...'' https://pubs.usgs.gov/fs//2010/3119/pdf/FS10-3119.pdf {{Webarchive|url=https://web.archive.org/web/20230107220429/https://pubs.usgs.gov/fs/2010/3119/pdf/FS10-3119.pdf |date=7 January 2023 }}.</ref> Most of these plays are controlled by the structure of the basin.<ref>{{Cite journal |last1=Dolson |first1=John C. |last2=Shann |first2=Mark V. |last3=Matbouly |first3=Sayed I. |last4=Hammouda |first4=Hussein |last5=Rashed |first5=Rashed M. |year=2001 |title=Egypt in the Twenty-First Century: Petroleum Potential in Offshore Trends |journal=GeoArabia |volume=6 |issue=2 |pages=211–230 |bibcode=2001GeoAr...6..211D |doi=10.2113/geoarabia0602211 |s2cid=221322448|doi-access=free }}</ref> Normal faults are common as the Red Sea occupies an active diverging margin. These targets are commonly found below the Salt deposits of the [[Middle Miocene]].

Modern development is focused on the following fields. The Durwara 2 Field was discovered in 1963, while the Suakin 1 Field and the Bashayer 1A Field were discovered in 1976, on the Egyptian side of the Red Sea. The Barqan Field was discovered in 1969, and the Midyan Field in 1992, both within the Midyan Basin on the Saudi Arabian side of the Red Sea. The 20-m thick [[Middle Miocene]] Maqna [[formation (geology)|Formation]] is an oil source rock in the basin. [[Oil seep]]s occur near the [[Farasan Islands]], the [[Dahlak Archipelago]], along the coast of Eritrea, and in the southeastern Red Sea along the coasts of Saudi Arabia and Yemen.<ref>{{Cite book |last=Lindquist |first=Sandra |title=The Red Sea Province: Sudr-Nubia(!) and Maqna(!) Petroleum Systems, USGS Open File Report 99-50-A |date=1998 |publisher=US Dept. of the Interior |pages=6–7, 9}}</ref>