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Transocean Inc. to Present at Credit Suisse First Boston 2005 Energy Summit

January 27, 2005

HOUSTON--(BUSINESS WIRE)--Jan. 27, 2005--Transocean Inc. (NYSE:RIG) today announced that Robert L. Long, President and CEO of the company, will address attendees at the Credit Suisse First Boston 2005 Energy Summit in Vail, Colorado. Mr. Long is scheduled to present on Thursday, February 3, 2005, at 11:50 a.m., MT/1:50 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 a fleet of 93 mobile offshore drilling units. The company's mobile offshore drilling fleet, consisting of a large number of high-specification deepwater and harsh environment drilling units, 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. The company's fleet consists of 32 High-Specification Floaters (semisubmersibles and drillships), 24 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 $14 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.