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Transocean Inc. Provides Interim Fleet Status Report

February 20, 2008
HOUSTON, Feb 20, 2008 (BUSINESS WIRE) -- Transocean Inc. (NYSE:RIG) today issued an interim fleet statusreport that has been updated for nine new contract signings and thereclassification of assets held for sale for its 139-unit offshoredrilling fleet. The company expects to provide a fully updated FleetStatus Report in early March 2008.

Drilling rig status and contract information on the company'soffshore drilling fleet has been condensed into a report titled\"Transocean Interim Fleet Status Report,\" which is available throughthe company's Worldwide Web address at www.deepwater.com. The reportcan be accessed from the home page of the Web address by clicking onthe Fleet Update Report 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 139 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 (Ultra-Deepwater, Deepwaterand Harsh-Environment semisubmersibles and drillships), 29 MidwaterFloaters, 10 High-Specification Jackups, 57 Standard Jackups and otherassets utilized in the support of offshore drilling activitiesworldwide. With a current equity market capitalization ofapproximately $41 billion, Transocean Inc.'s ordinary shares aretraded on the New York Stock Exchange under the symbol \"RIG.\"

SOURCE: Transocean Inc.

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