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Transocean Ltd. Provides Fleet Update Summary

August 12, 2010

ZUG, SWITZERLAND, Aug 12, 2010 (MARKETWIRE via COMTEX) --

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today issued a monthly FleetUpdate Summary covering only newly signed contracts, significantchanges to existing contracts and changes to estimated out of servicetime of 30 days or more for High Specification Floaters or 60 days ormore for all other rigs since our last quarterly Fleet Status Reportdated July 15, 2010. The summary and our Fleet Status Report, whichcovers the company's entire offshore drilling fleet, are availablethrough the company's Web address at www.deepwater.com and can beaccessed from the home page of the Web address by clicking on theFleet Update Report link found in the tool bar.

FORWARD-LOOKING STATEMENTS

Statements regarding the estimated duration of client contracts,contract dayrate amounts, future contract commencement dates andlocations, planned shipyard projects and other out of service time,as well 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'smost recent Form 10-K and other filings with the Securities andExchange Commission. Should one or more of these risks oruncertainties materialize, or should underlying assumptions proveincorrect, actual results may vary materially from those indicated.

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 drillships 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.