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Grand Opening of Kuala Lumpur Offices, Training Center

October 19, 2011

KUALA LUMPUR, MALAYSIA -- Transocean today officially opened its state-of-the-art training center and offices in Kuala Lumpur, Malaysia. The training center and offices were opened by Dato’ Wee Yiaw Hin, Executive Vice President, Exploration and Production, of PETRONAS, and Steven L. Newman, President and Chief Executive Officer of Transocean.

“It is exciting to celebrate the opening of our Kuala Lumpur facilities, and we are honored to have Dato’ Wee join us for this event,” said Steven Newman. “It’s vital that we continue to deliver efficient and effective solutions to our customers’ drilling needs, and our offices and training center support this goal by developing our people to be the best they can be.”

The 32,000-square-foot Transocean offices and training center are located in the G Tower in downtown Kuala Lumpur, close to the PETRONAS Towers. Approximately 120 Transocean personnel work in the Kuala Lumpur facilities.

Transocean’s Far East and Australia (FEA) Division is housed in the new offices, led by Managing Director Kaustubh Dighe. The training center supports Transocean’s personnel worldwide, including the FEA Division, which has 17 contracted rigs in six countries: Malaysia, Indonesia, Thailand, Vietnam, Australia and Brunei.

And with six newbuild Transocean rigs under construction in Korea and Singapore – two ultra-deepwater drillships and four high-specification jackups – the training center provides another way for crews to receive the most advanced training available before the new rigs enter service.

The new training center is scheduled to serve 1,200 Transocean people a year with more than 20 types of courses. Utilizing seven classrooms and three simulators with observation rooms and video-taping facilities, instructors make notes on students’ progress in a virtual working environment. Simulation equipment includes a crane simulator, conventional drilling simulator and well-control simulator, with two cyber chair drilling simulators planned for next year.

The Kuala Lumpur Training Center is one of Transocean’s four global training centers. The other three are in Aberdeen, U.K., Houston, U.S.A., and Macae, Brazil.

About Transocean

Transocean is the world's largest offshore drilling contractor and the leading provider of drilling management services worldwide. With a fleet of 135 mobile offshore drilling units as well as two Ultra-Deepwater Drillships and 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 50 High-Specification Floaters (Ultra-Deepwater, Deepwater and Harsh-Environment semisubmersibles and drillships), 25 Midwater Floaters, nine High-Specification Jackups, 50 Standard Jackups and one swamp barge.

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