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Transocean Inc. to Present At Howard Weil Energy Conference

March 28, 2008

HOUSTON, March 28, 2008 (PRIME NEWSWIRE) -- Transocean Inc. (NYSE:RIG) today announced that Robert L. Long, Chief Executive Officer of the company, will address attendees at the Howard Weil Energy Conference in New Orleans, LA. Mr. Long is scheduled to present on Monday, April 7, 2008, at 9:30 a.m., CT.

A copy of the presentation materials will be available on the company's website prior to the start of the discussion on April 7, 2008 and will be accessible at www.deepwater.com. Go to the "Investor Relations" link, select "News & Events" and then select "Webcasts & Presentations." Howard Weil conference organizers are not offering a webcast of this presentation.

Transocean Inc. is the world's largest offshore drilling contractor and the leading provider of drilling management services worldwide. With a fleet of 138 mobile offshore drilling units plus eight ultra-deepwater units under construction, the company's fleet is considered one of the most modern and versatile in the world due to its emphasis on technically demanding segments of the offshore drilling business. The company owns or operates a contract drilling fleet of 39 High-Specification Floaters (Ultra-Deepwater, Deepwater and Harsh-Environment semisubmersibles and drillships), 29 Midwater Floaters, 10 High-Specification Jackups, 56 Standard Jackups and other assets utilized in the support of offshore drilling activities worldwide. With a current equity market capitalization of approximately $42.6 billion, Transocean Inc.'s ordinary shares are traded on the New York Stock Exchange under the symbol "RIG."

The Transocean Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2252

CONTACT: Transocean Inc.
         Analyst Contact:
         Gregory S. Panagos
           713-232-7551
         Media Contact:
         Guy A. Cantwell
           713-232-7647