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Transocean Ltd. Announces Senior Management Changes

December 14, 2009

ZUG, Switzerland, Dec. 14, 2009 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG) today announced that Rob Saltiel, Executive Vice President and Chief Operating Officer, is leaving the company to pursue another opportunity.

Steven Newman, President, will assume the duties of Chief Operating Officer while the company considers alternatives. Previously, the company announced that Mr. Newman will become 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 138 mobile offshore drilling units plus five 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 44 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