Singapore is the largest manufacturer of jack-up rigs, commanding 70% of the world market. To maintain its leadership position in the industry, Singapore is pumping significant funding into R&D to address complex challenges. Keppel Corporation "broke new ground" when it went into partnership with the National University of Singapore (NUS) to launch the Keppel-NUS Corporate Laboratory on 25 November 2013 at the NUS Faculty of Engineering. The initiative, which comes under the National Research Foundation's (NRF) Corporate Lab @ University scheme, was the first research lab to be set up by a local company in partnership with a local university - to the tune of S$75 million.
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