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R. Thaddeus Vayda Joins Transocean Ltd. as Vice President, Investor Relations

July 19, 2011

ZUG, SWITZERLAND, Jul 19, 2011 (MARKETWIRE via COMTEX) --

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced today that R. Thaddeus Vayda has been named Vice President, Investor Relations, effective July 20, 2011. Based in Houston, he will report to Transocean Ltd. President and Chief Executive Officer Steven L. Newman.

Mr. Vayda rejoins Transocean, where he served in various roles from 1995 to 2000 in Marketing, Engineering and Operations and as Director, Corporate Planning and Financial Analysis. From 2000 to 2011, Mr. Vayda worked in senior sell-side energy equity research analyst and industry expert roles, covering the energy and oilfield services and equipment industry, most recently for Stifel, Nicolaus & Company, First Albany Capital and RBC Capital Markets. Prior to 1995, Mr. Vayda served as Senior Analyst in the Fleet Planning Group of Northwest Airlines, Inc. and as Associate, Applied Sciences Practice, at Booz, Allen and Hamilton, Inc., Management Consultants.

"Thad brings a strong understanding of our business and industry to his new role at Transocean, especially his knowledge of the sell-side investment community and the roles of analysts and portfolio managers," Steven L. Newman said, "We welcome Thad back to Transocean and look forward to building even stronger relationships with our investors."

Mr. Vayda earned an MBA from The Fuqua School of Business at Duke University, Durham, North Carolina, and a Bachelor of Science degree in Mechanical/Biomedical Engineering from The Catholic University of America at Washington, D.C.

About Transocean

Transocean is the world's largest offshore drilling contractor and the leading provider of drilling management services worldwide. With a fleet of 134 mobile offshore drilling units as well as three high-specification jackups 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 48 High-Specification Floaters (Ultra-Deepwater, Deepwater and Harsh-Environment semisubmersibles and drillships), 25 Midwater Floaters, nine High-Specification Jackups, 51 Standard Jackups and one other rig 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.