I have been working on some SAR data Sets like RISAT-1 and RADARSAT-2 , I have extracted the pixel information using python and I would like to know how this information can be used to extract wave and wind information over open ocean
There are a few oceanography and climate libraries for python. You should check a list like this:
1) http://oceanpython.org/links/
2) http://www.imr.no/~bjorn/python/links.html
As for extracting the exact parameters you're requesting I would advise checking scientific literature (since I don't know how to do it). A quick google search for "RISAT-1 ocean waves" revealed this article: