expected to hinder the growth rate during the forecast period . High cost of single point anchor reservoir and considerably long time required for the construction of a single SPAR are another two factors expected to negatively impact the market expansion .
Global Single Point Anchor Reservoir Market : Regional Outlook
North America currently is the most important regional market for SPAR , wherein most of the offshore drilling platforms have been established . World ’ s first classic SPAR called Neptune was established in the Gulf of Mexico , while Royal Dutch Shell Plc set-up one of world ’ s deepest platform called Perdido , also in the Gulf of Mexico . Massive oil reserves underwater and extensive industrialization in the developed country of the U . S . makes North America the most profitable region .
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Companies mentioned in the research report
Samsung Heavy Industries , Hyundai Heavy Industries , Bumi Armada Berhad , Mitsubishi Heavy Industries , Technip S . A ., SBM , and Teekay are some of the key companies in the global single point anchor reservoir market .
Major regions analyzed under this research report are :
-Europe
-North America
-Asia Pacific
-Rest of the World
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