However, technological innovations, e.g. using subsea installations to connect them to existing infrastructure, are providing commercially viable means of development. Chevron UK Ltd. Most of the participants are of US origin. Most of the oil produced is used for transport fuel, while gas is used increasingly for electricity generation, as well as the domestic gas supply. The industry's infrastructure requires a vast range of structures, equipment and components. There is also an important need for consultancy and design services of various kinds.
Oil prices are a critical factor in the future development of the UK offshore industry.
Following a rise in output to 2002, Key Note forecasts that output will begin to fall in 2003, with production standing at 136.9 million tonnes in 2004, worth 9.8bn. Gas output is forecast to rise during the next 5 years and will be less sensitive than oil to global economies and politics.