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Transocean Ltd. Announces First Quarter 2010 Earnings Release Date\r and Conference Call Information

April 26, 2010

ZUG, SWITZERLAND, Apr 26, 2010 (MARKETWIRE via COMTEX) --Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today said it plans toreport earnings for the three months ended March 31, 2010, on theafternoon of Wednesday, May 5, 2010, following the close of tradingin the United States. The company will conduct a teleconference callat 10:00 a.m. ET (4:00 p.m. CEST) on Thursday, May 6, 2010.Individuals who wish to participate in the teleconference call shoulddial 913-312-0650 and refer to confirmation code 4091491approximately five to 10 minutes prior to the scheduled start time ofthe call.

In addition, the conference call will be simulcast through alisten-only broadcast over the Internet and can be accessed bylogging onto the company's Worldwide Web address at www.deepwater.comand selecting \"Investor Relations.\" It may also be accessed via theWorldwide Web at www.CompanyBoardroom.com by typing in the company'sNew York Stock Exchange trading symbol, \"RIG.\"

A telephonic replay of the conference call should be available after1:00 p.m. ET (7:00 p.m. CEST) on May 6, and can be accessed bydialing 719-457-0820 and referring to the passcode 4091491. Also, areplay will be available through the Internet and can be accessed byvisiting either of the above-referenced Worldwide Web addresses. Bothreplay options will be available for approximately 30 days.

Transocean Ltd. is the world's largest offshore drilling contractorand the leading provider of drilling management services worldwide.With a fleet of 139 mobile offshore drilling units plus threeannounced ultra-deepwater newbuild units, 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 45 High-Specification Floaters (Ultra-Deepwater, Deepwaterand Harsh-Environment semisubmersibles and drillships), 26 MidwaterFloaters, 10 High-Specification Jackups, 55 Standard Jackups andother assets utilized in the support of offshore drilling activitiesworldwide.

SOURCE: Transocean Ltd.