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Transocean Ltd. to Present at UBS Global Oil and Gas Conference

May 21, 2010

ZUG, SWITZERLAND, May 21, 2010 (MARKETWIRE via COMTEX) --Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced that Terry B. Bonno, Vice President, Marketing of the company, will address attendees at the UBS Global Oil and Gas Conference in Austin, TX. Ms. Bonno is scheduled to present on Thursday, May 27, 2010 at 9:25 a.m., CT.

A live broadcast of the presentation and a replay will be publicly accessible through the company's website at www.deepwater.com. Go to the "Investor Relations" link and select "News & Events," followed by "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 139 mobile offshore drilling units plus three ultra-deepwater units under construction, Transocean'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. Transocean owns or operates a contract drilling fleet of 45 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.

For more information about Transocean, please visit our website at www.deepwater.com.

SOURCE: Transocean Ltd.