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Transocean Ltd. Updates Investor Conference Call Information

May 25, 2010

ZUG, SWITZERLAND, May 25, 2010 (MARKETWIRE via COMTEX) --Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today provided additional details on the teleconference call for its investors to be held at 10:00 a.m. ET (4:00 p.m. CET) on Friday, May 28, 2010. Mr. Steven L. Newman, President and CEO, will host the call and will comment on recent events and provide a summary of his Congressional testimony. He will then take questions from investors and analysts.

Individuals who wish to participate in the teleconference call should dial +1 913-312-0980 and refer to confirmation code 4913727 approximately five to 10 minutes prior to the scheduled start time of the call.

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

A telephonic replay of the conference call should be available after 1:00 p.m. ET (7:00 p.m. CET) on May 28, and can be accessed by dialing +1 719-457-0820 and referring to the passcode 4913727. Also, a replay will be available through the Internet and can be accessed by visiting either of the above-referenced Worldwide Web addresses. Both replay options will be available for approximately 30 days.

Transocean Ltd. is the world's largest offshore drilling contractor and the leading provider of drilling management services worldwide. With a fleet of 139 mobile offshore drilling units plus three announced ultra-deepwater newbuild units, the company's fleet is considered one of the most modern and versatile in the world due to its emphasis on technically demanding segments of the offshore drilling business. The company owns or operates a contract drilling fleet of 45 High-Specification Floaters (Ultra-Deepwater, Deepwater and Harsh-Environment semisubmersibles and drillships), 26 Midwater Floaters, 10 High-Specification Jackups, 55 Standard Jackups and other assets utilized in the support of offshore drilling activities worldwide.

SOURCE: Transocean Ltd.