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Transocean Inc. Announces Third Quarter 2008 Earnings Release Date and Conference Call Information

October 14, 2008
HOUSTON, Oct 14, 2008 (GlobeNewswire via COMTEX News Network) -- Transocean Inc. (NYSE:RIG) today said it plans to report earnings for the three months ended September 30, 2008 on the morning of Wednesday, November 5, 2008. Following the earnings report, expected to be released prior to the commencement of trading in the United States, the company will conduct a teleconference call at 10:00 a.m. ET on November 5. Individuals who wish to participate in the teleconference call should dial 913-981-5568 and refer to confirmation code 7057401 approximately five to 10 minutes prior to the scheduled start time of the call.

In addition, the conference call will be simulcast through a listen-only broadcast over the Internet and can be accessed by logging onto the company's World Wide Web address at www.deepwater.com. Go to the "Investor Relations" link and select "News & Events," followed by "Webcasts & Presentations." It may also be accessed via the World Wide Web at www.CompanyBoardroom.com by typing in the company's New York Stock Exchange trading symbol, "RIG."

A telephonic replay of the conference call should be available after 1:00 p.m. ET on November 5 and can be accessed by dialing 719-457-0820 and referring to the passcode 7057401. Also, a replay will be available through the Internet and can be accessed by visiting either of the above-referenced World Wide Web addresses. Both replay options will be available for approximately 30 days.

Transocean Inc. is the world's largest offshore drilling contractor and the leading provider of drilling management services worldwide. With a fleet of 137 mobile offshore drilling units plus 10 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, 55 Standard Jackups and other assets utilized in the support of offshore drilling activities worldwide.

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

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Transocean Inc.

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