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Transocean Inc. to Present at A.G. Edwards Energy Conference

March 18, 2004

HOUSTON--(BUSINESS WIRE)--March 18, 2004--Transocean Inc. (NYSE:RIG) announced that Jean P. Cahuzac, Executive Vice President and Chief Operating Officer of the company, will address attendees at the A.G. Edwards Energy Conference in Boston, MA. Mr. Cahuzac is scheduled to present on Tuesday, March 23, 2004, at 2:30 p.m., ET.

A live broadcast of the 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 full or partial ownership in 96 mobile offshore drilling units, excluding the 70-rig fleet of TODCO, a publicly-traded drilling company in which Transocean Inc. owns a majority interest. The company's mobile offshore drilling 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, including industry-leading positions in high-specification deepwater and harsh environment drilling units. The company's fleet consists of 32 High-Specification Floaters (semisubmersibles and drillships), 26 Other Floaters, 26 Jackup Rigs and other assets utilized in the support of offshore drilling activities worldwide. With a current equity market capitalization in excess of $9 billion, Transocean Inc.'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

    SOURCE: Transocean Inc.