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Photo Release -- Transocean Ltd. Announces Ihab Toma Named Senior Vice President, Marketing and Planning

July 31, 2009

ZUG, Switzerland, July 31, 2009 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG) announced today that Ihab Toma has been named Senior Vice President of Marketing and Planning, reporting to Robert L. Long, Chief Executive Officer, effective mid-August 2009. Based in Geneva, Mr. Toma will be responsible for marketing and planning for the company's fleet of 133 mobile offshore drilling units worldwide. He will also oversee Transocean Solutions, which offers clients a complete package for well construction and field development needs, and two company subsidiaries, Applied Drilling Technology Inc. (ADTI), and Challenger Minerals Inc. (CMI).

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6457

"Ihab Toma brings more than two decades of experience in the oilfield services industry, with a successful track record in client relations, planning and tailoring solutions to the clients' needs," said Mr. Long. "We look forward to his contributions in advancing Transocean as a multinational company and the premier offshore drilling contractor."

Before joining Transocean, Mr. Toma served in different capacities in Schlumberger, including product line President and various other oilfield services assignments with regional and global responsibilities in France, the United States, Norway, Italy, Nigeria, Algeria, Indonesia and Egypt. Mr. Toma's experience spans many functional positions, including sales and marketing, information solutions, operations, human resources, and research and development. In his multiple sales and marketing assignments, he oversaw all aspects of market analysis, planning, account management and technology introduction and utilization.

Mr. Toma holds a Bachelor's degree in Electrical Engineering from Cairo University where he graduated in 1985.

Transocean Ltd. is the world's largest offshore drilling contractor and the leading provider of drilling management services worldwide. With a fleet of 133 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), 26 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