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Update On Transocean Inc. Presentation At A.G. Edwards' Energy Conference

March 21, 2007

HOUSTON, March 21, 2007 (PRIME NEWSWIRE) -- Transocean Inc. (NYSE:RIG) today announced that due to technical difficulties, the slides and webcast presentation by Jean P. Cahuzac, President of the company, at the A.G. Edwards' Energy Conference in Boston, MA, today are not available on the company's website. The presentation slides will be included as an exhibit to a Form 8-K that is being filed by the company today.

A replay of the presentation is expected to be publicly accessible through the company's website at www.deepwater.com as early as tomorrow. Go to the "Investor Relations" link and select "Presentations."

Transocean Inc. is the world's largest offshore drilling contractor with a fleet of 82 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:
John H. Briscoe
713-232-7551
Media Contact:
Guy A. Cantwell
713-232-7647