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Transocean Ltd. to Present at UBS Global Oil and Gas Conference

May 21, 2010

ZUG, SWITZERLAND, May 21, 2010 (MARKETWIRE via COMTEX) --Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced that TerryB. Bonno, Vice President, Marketing of the company, will addressattendees at the UBS Global Oil and Gas Conference in Austin, TX. Ms.Bonno is scheduled to present on Thursday, May 27, 2010 at 9:25 a.m.,CT.

A live broadcast of the presentation and a replay will be publiclyaccessible through the company's website at www.deepwater.com. Go tothe \"Investor Relations\" link and select \"News & Events,\" followed by\"Presentations.\" Participants are encouraged to log onto the site atleast 15 minutes before the scheduled start of the presentation toensure that minimum software requirements are met.

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 threeultra-deepwater units under construction, Transocean's fleet isconsidered one of the most modern and versatile in the world due toits emphasis on technically demanding segments of the offshoredrilling business. Transocean 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.

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

SOURCE: Transocean Ltd.