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Transocean Inc. to Present At the UBS Global Oil and Gas Conference

May 13, 2008

HOUSTON, May 13, 2008 (PRIME NEWSWIRE) -- Transocean Inc. (NYSE:RIG) today announced that Gregory L. Cauthen, Senior Vice President and Chief Financial Officer of the company, will address attendees at the UBS Global Oil and Gas Conference in Austin, Texas. Mr. Cauthen is scheduled to present on Tuesday, May 20, 2008, at 8:05 a.m., CT.

A live broadcast of the conference and a replay will be publicly accessible through the company's Web site at www.deepwater.com. Go to the "Investor Relations" link and select "News & Events," followed by "Webcasts & Presentations." Participants are encouraged to log onto the site at least 15 minutes before the scheduled start of the company's presentation to ensure that minimum software requirements are met.

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 nine announced ultra-deepwater newbuild units, 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.

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