Single Point Anchor Reservoir (SPAR) Market Is Expected to Rise at a Remarkable CAGR by 2014-2020
Single point anchor reservoir (SPAR) refers to a certain type of offshore oil platform that provides a base to extract and process oil in ultra-deep water regions. With rising global population and rapid urbanization, the demand for energy is constantly increasing, which is urging the operators of oil and gas to move beyond onshore resources and explore offshore opportunities. Consequently, the demand in the global single point reservoir market is expected to expand at a healthy growth rate during the...
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