NYSE: RIG 9.68 0.23 2.43% 1:15 P.M. ET
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Transocean Ltd. Announces Management Appointments

August 17, 2011

ZUG, SWITZERLAND—Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced today the following management appointments, effective immediately.

Ricardo H. Rosa has been named Executive Vice President and Chief Financial Officer. Prior to being named to his current position, Mr. Rosa served as Senior Vice President and CFO.

Arnaud A.Y. Bobillier has been named Executive Vice President, Operations Integrity, responsible for driving continuous improvement companywide. Before being named to his current position, Mr. Bobillier served as Executive Vice President, Asset and Performance.

Ihab Toma has been named Executive Vice President, Operations, responsible for global business and asset and performance. He has assumed the function of principal operating officer of the company. Before being named to his current position, Mr. Toma served as Executive Vice President, Global Business.

Steven L. Newman (President and Chief Executive Officer), Ihab Toma, Ricardo H. Rosa, and Nick Deeming (Senior Vice President, General Counsel and Assistant Corporate Secretary) serve as Executive Officers and members of Executive Management of the company.

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 four 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 swamp barge.