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Statement of Transocean Ltd. CEO Steven L. Newman Following U.S.\r Coast Guard Announcement

April 23, 2010

ZUG, SWITZERLAND, Apr 23, 2010 (MARKETWIRE via COMTEX) --Following the suspension of U.S. Coast Guard search-and-rescueefforts to find 11 missing persons in the U.S. Gulf of Mexico, StevenL. Newman, President and Chief Executive Officer of Transocean Ltd.(NYSE: RIG) (SIX: RIGN), on the ground in New Orleans, expressed hisdeepest sympathies on behalf of the company to the family members ofthose lost. The nine Transocean personnel and two employees of athird-party company have been missing since Tuesday, April 20, 2010,when a fire and explosion occurred onboard the semisubmersibledrilling rig Deepwater Horizon, which sank on Thursday.

\"As the nation and everyone in the Transocean family mourns thetragic loss of these people, our deepest sympathies are with theirfamilies and friends today,\" said Mr. Newman. \"Transocean is doingeverything we can to meet their needs during this difficult time, andour family response team members are in close contact to provide allnecessary support. I would once again like to express our gratitudeto the U.S. Coast Guard, BP and everyone involved for theirexhaustive search and rescue efforts, despite this very sad outcome.\"

Transocean is the world's largest offshore drilling contractor andthe leading provider of drilling management services worldwide. Witha fleet of 139 mobile offshore drilling units plus threeultra-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. Its worldwide fleet is more than twice the size ofthe next-largest competitor. The company owns or operates a contractdrilling fleet of 45 High-Specification Floaters (Ultra-Deepwater,Deepwater and Harsh-Environment semisubmersibles and drillships), 26Midwater Floaters, 10 High-Specification Jackups, 55 Standard Jackupsand other assets utilized in the support of offshore drillingactivities worldwide.

For more information about Transocean, please visit our website atwww.deepwater.com.

SOURCE: Transocean Ltd.