In its response to the public consultation, Offshore Energies UK highlighted Rosebank’s strategic importance to the UK's energy security, economy and industrial future. The public consultation will run until 17th August as part of the regulatory process required before Rosebank can commence production. Meanwhile, a total of £3 billion has already been invested in preparations for the development of the oil field. OEUK said uncertainty over the decision had stifled investment in domestic oil and gas, leading to increasing reliance on imports. “UK production meets only 39 per cent of UK gas demand according to latest figures, and without new investment, the UK's reliance on imported gas will continue to increase.”