NYSE: RIG 9.51 0.31 3.16% 4:03 P.M. ET
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Transocean Inc. to Host Analyst Meeting

August 4, 2006

HOUSTON, Aug. 4, 2006 (PRIMEZONE) -- Transocean Inc. (NYSE:RIG) today announced that members of its senior management will host an analyst meeting in New York City, on the morning of Monday, August 7, 2006. The meeting will be held in the Trianon Ballroom of the Hilton New York beginning at 9:00 a.m. Eastern DST.

A live, listen-only webcast of the event will be offered. The webcast will be publicly accessible through the company's website at www.deepwater.com. Go to the Investor Relations section and locate the link entitled "Strategy and Business Review -- August 7, 2006." It is recommended that participants utilizing the webcast option should plan to access the call 10 minutes prior to the scheduled start.

Transocean Inc. is the world's largest offshore drilling contractor with a fleet of 87 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 33 High-Specification Floaters (semisubmersibles and drillships), 20 Other Floaters, 25 Jackups and other assets utilized in the support of offshore drilling activities worldwide. With a current equity market capitalization in excess of $22 billion, Transocean Inc.'s ordinary shares are traded on the New York Stock Exchange under the symbol "RIG."

The Transocean Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2252

CONTACT:  Transocean Inc.
          Analyst Contact:
          Jeffrey L. Chastain
            (713) 232-7551
          Media Contact:
          Guy A. Cantwell
            (713)232-7647