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Transocean Ltd. to Present At Howard Weil Energy Conference

March 11, 2009

ZUG, Switzerland, March 11, 2009 (GLOBE NEWSWIRE) -- Transocean Ltd. (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, March 23, 2009, at 9:15 a.m., CT.

A copy of the presentation materials will be available on the company's web site prior to the start of the discussion on March 23, 2009 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 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