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Transocean Ltd. Provides Fleet Update Summary

November 16, 2010


Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today issued a monthlyFleet Update Summary covering only newly signed contracts,significant changes to existing contracts and changes to estimatedout of service time of 30 days or more for High-SpecificationFloaters or 60 days or more for all other rigs since our lastquarterly Fleet Status Report dated October 14, 2010. The summariesand our Fleet Status Report, which covers the company's entireoffshore drilling fleet, are available through the company's Webaddress at www.deepwater.com and can be accessed from the home pageof the Web address by clicking on the Fleet Update Report link foundin the tool bar.


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 and threeultra-deepwater drillships and one high-specification jackup underconstruction, Transocean's fleet is considered one of the most modernand versatile in the world due to its emphasis on technicallydemanding segments of the offshore drilling business. Transocean ownsor operates a contract drilling fleet of 45 High-SpecificationFloaters (Ultra-Deepwater, Deepwater and Harsh Environmentsemisubmersibles and drillships), 26 Midwater Floaters, 10High-Specification Jackups, 55 Standard Jackups and other assetsutilized in the support of offshore drilling activities worldwide.

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

SOURCE: Transocean Ltd.