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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