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Transocean Inc. to Present at The 31st Annual Howard Weil Energy Conference

March 27, 2003
HOUSTON, Mar 27, 2003 (BUSINESS WIRE) -- Transocean Inc. (NYSE:RIG) today announced that its President and Chief Executive Officer, Robert L. Long, and Gregory L. Cauthen, the company's senior vice president, chief financial officer and treasurer, will address attendees at the 31st Annual Howard Weil Energy Conference in New Orleans. Mr. Long and Mr. Cauthen are scheduled to present on Monday, March 31, 2003. The presentation is scheduled to commence at 1:15 p.m. CT.

A copy of the presentation materials will be available on the company's Web site prior to the start of the discussion on March 31, 2003 and will be accessible at www.deepwater.com. Go to the "Investor Relations" link and select "Presentations."

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 $6 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
Media Contact:
Guy A. Cantwell, 713/232-7647