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Transocean Inc. to Present at Howard Weil Energy Conference

April 1, 2005

HOUSTON--(BUSINESS WIRE)--April 1, 2005--Transocean Inc. (NYSE:RIG) today announced that Robert L. Long, President and CEO of the company, will address attendees at the 33rd Annual Howard Weil Energy Conference in New Orleans. Mr. Long is scheduled to present on Monday, April 4, 2005, 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 April 4, 2005 and will be accessible at www.deepwater.com. Go to the "Investor Relations" link and select "Presentations." Howard Weil conference organizers are not offering a web cast of this presentation.

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 $16 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

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