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Transocean Inc. Announces Two Vice President Appointments

April 10, 2008

HOUSTON, April 10, 2008 (PRIME NEWSWIRE) -- Transocean Inc. (NYSE:RIG) today announced two vice president appointments within the company's senior management team.

Terry B. Bonno has been named Vice President, Marketing, reporting to Jon A. Marshall, President and Chief Operating Officer.

Ms. Bonno previously served as Director, Marketing North and South America Unit (AMU), which covers the U.S. Gulf of Mexico, Canada, Trinidad and Brazil, since March 2005. She brings 26 years of industry experience including 17 years with Global Marine Inc. and Applied Drilling Technology Inc., two subsidiaries of GlobalSantaFe Corporation that were assumed in a recent merger with the company, and nine years with Transocean. Ms. Bonno has served in various management positions in accounting, corporate planning and marketing, including Manager Sales and Contracts Turnkey, Manager Asset Sales and Senior Sales Representative North America. She also served in the company's Europe and Africa Unit (EAU) as Marketing Manager, West Africa South, from 2003 to 2005.

Ms. Bonno is a Certified Public Accountant and holds a Bachelor's degree in Business Administration -- Accounting from Stephen F. Austin State University.

Simon Crowe has been named Vice President, Planning and Strategy, reporting to Mr. Marshall.

Previously, Mr. Crowe served as Director, Finance, for the company's Europe and Africa Unit (EAU), which covers 15 countries. Mr. Crowe joined the company in 2004 as EAU Finance Director. Before joining Transocean, Mr. Crowe served in various finance functions with three international energy companies.

Mr. Crowe holds a degree in Physics from Liverpool University, United Kingdom. In addition, he is a member of the Chartered Institute of Management Accountants in the U.K.

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 $47 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