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Transocean Inc. to Present At Credit Suisse First Boston Energy Summit Conference

February 3, 2003

Credit Suisse First Boston Energy Summit Conference

HOUSTON--(BUSINESS WIRE)--Feb. 3, 2003--Transocean Inc. (NYSE:RIG) today announced that its Senior V.P., CFO and Treasurer, Gregory L. Cauthen, will make a presentation on the company at the Credit Suisse First Boston Energy Summit Conference in Vail, Colorado. Mr. Cauthen is scheduled to present on Thursday, February 6, 2003, at 10:30 a.m., MT.

The live 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 "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 Inc. is the world's largest offshore drilling contractor with more than 150 full or partially owned and managed mobile offshore drilling units, inland drilling barges and other assets utilized in the support of offshore drilling activities worldwide. The company's mobile offshore drilling fleet is considered one of the most modern and versatile in the world with 31 high-specification semisubmersibles and drillships, 27 other semisubmersibles and two drillships, and 55 jackup drilling rigs. Transocean Inc. specializes in technically demanding segments of the offshore drilling business, including industry-leading positions in deepwater and harsh environment drilling services. With a current equity market capitalization in excess of $7 billion, the company's ordinary shares are traded on the New York Stock Exchange under the symbol "RIG."

CONTACT:
Transocean Inc., Houston
Analyst Contact:
Jeffrey L. Chastain, 713/232-7551
or
edia Contact:
Guy A. Cantwell, 713/232-7647