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Transocean Inc. Provides Update on Fleet Contract Status

December 7, 2007

HOUSTON--(BUSINESS WIRE)--Dec. 7, 2007--Transocean Inc. (NYSE:RIG)today announced that its report of drilling rig status and contractinformation covering the company's 140-unit offshore drilling fleethas been updated as of December 7, 2007.

Drilling rig status and contract information on the company'soffshore drilling fleet has been condensed into a report titled\"Transocean Fleet Update,\" which is available through the company'sWorldwide Web address at www.deepwater.com. The report can be accessedfrom the home page of the Web address by clicking on the Fleet UpdateReport link found in the tool bar.

Statements regarding the estimated duration of client contracts,contract dayrate amounts, future contract commencement dates andlocations, planned shipyard projects, other out of service time, aswell as any other statements that are not historical facts in thereport, are forward-looking statements that involve certain risks,uncertainties and assumptions. These include but are not limited tooperating hazards and delays, risks associated with internationaloperations, actions by customers and other third parties, the futureprices of oil and gas and other factors detailed in the company's mostrecent Form 10-K and other filings with the Securities and ExchangeCommission. Should one or more of these risks or uncertaintiesmaterialize, or should underlying assumptions prove incorrect, actualresults may vary materially from those indicated.

Transocean Inc. is the world's largest offshore drillingcontractor and the leading provider of drilling management servicesworldwide. With a fleet of 140 mobile offshore drilling units pluseight ultra-deepwater units under construction, the company's fleet isconsidered one of the most modern and versatile in the world due toits emphasis on technically demanding segments of the offshoredrilling business. The company owns or operates a contract drillingfleet of 39 High-Specification Floaters, 29 Other Floaters, 68 Jackupsand four other assets utilized in the support of offshore drillingactivities worldwide. With a current equity market capitalization inexcess of $42 billion, Transocean Inc.'s ordinary shares are traded onthe New York Stock Exchange under the symbol \"RIG.\"

CONTACT: Transocean Inc., Houston
Analyst Contact:
Gregory S. Panagos, 713-232-7551
or
Media Contact:
Guy A. Cantwell, 713-232-7647

SOURCE: Transocean Inc.