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Final Report of National Commission on BP Deepwater Horizon Oil Spill and Offshore Drilling Issued

January 11, 2011

ZUG, SWITZERLAND, Jan 11, 2011 (MARKETWIRE via COMTEX) --

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced that the U.S. National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling (the "Commission") released its final report and recommendations today. The report is available on the Commission's website at http://www.oilspillcommission.gov.

About Transocean

Transocean 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 as well as two ultra-deepwater newbuild drillships and a high-specification jackup 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 46 High-Specification Floaters (Ultra-Deepwater, Deepwater and Harsh-Environment semisubmersibles and drillships), 25 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.