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Transocean Ltd. to Present At the Credit Suisse 2009 Energy Summit

January 16, 2009

HOUSTON, Jan. 16, 2009 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG - News) today announced that Gregory L. Cauthen, Senior Vice President and Chief Financial Officer of the company, will address attendees at the Credit Suisse 2009 Energy Summit in Vail, CO. Mr. Cauthen is scheduled to present on Wednesday, Feb. 4, 2009, at 8:50 a.m. MST.

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

Transocean Ltd. is the world's largest offshore drilling contractor and the leading provider of drilling management services worldwide. With a fleet of 136 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), 28 Midwater Floaters, 10 High-Specification Jackups, 55 Standard Jackups and other assets utilized in the support of offshore drilling activities worldwide.

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

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