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Transocean Inc. to Present at Banc of America 36th Annual Investment Conference

September 13, 2006

HOUSTON, Sept. 13, 2006 (PRIMEZONE) -- Transocean Inc. (NYSE:RIG) today announced that Steven L. Newman, Senior Vice President of the company, will address attendees at the Banc of America 36th Annual Investment Conference in San Francisco. Mr. Newman is scheduled to present on Monday, September 18, 2006, at 1:30 p.m., PDT.

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 83 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