Keppel Corp is turning to new technologies in a bid to regain competitive by developing smart drilling rigs and smart shipyards.

“We are witnessing rapid change in the operating environment, with disruptive new technologies and business models, digitalisation, artificial intelligence (AI) and robotics changing how business is conducted,” said chief executive Loh Chin Hua.

“To help our customers improve operational efficiency and lower costs across the project life cycle, Keppel is developing rigs of the future through increasing digitisation, utilising smart sensors, capturing and analysing data, and offering enhanced solutions.

“With these rigs, we aim to transform the current operating environment...