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Transocean Ltd. Announces Rob Saltiel Named Executive Vice President and Chief Operating Officer

November 23, 2009

ZUG, Switzerland, Nov. 23, 2009 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG) announced today the following appointment within its senior management team, effective Dec. 1, 2009:

Rob Saltiel, currently Executive Vice President, Performance, will become Executive Vice President and Chief Operating Officer. Steven Newman, currently President and Chief Operating Officer, will remain President until he becomes Chief Executive Officer in early 2010 when Bob Long plans to retire as CEO.

Transocean Ltd. 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 six 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 43 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
            +1 713-232-7551
          Media Contact:
          Guy A. Cantwell
            +1 713-232-7647