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Transocean Ltd. Provides Fleet Status Report

January 13, 2011


Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today issued an updatedFleet Status Report covering the company's 139-unit offshore drillingfleet.

Drilling rig status and contract information on the company'soffshore drilling fleet has been condensed into the Transocean FleetStatus Report, which is available through the company's web addresswww.deepwater.com. The report can be accessed from the home page ofthe web address by clicking on the Fleet Update Report link found inthe toolbar.

FORWARD-LOOKING STATEMENTS Statements regarding the estimatedduration of client contracts, contract dayrate amounts, futurecontract commencement dates and locations, planned shipyard projectsand other out of service time, as well as any other statements thatare not historical facts in the report, are forward-lookingstatements that involve certain risks, uncertainties and assumptions.These include but are not limited to operating hazards and delays,risks associated with international operations, actions by customersand other third parties, the future prices of oil and gas and otherfactors detailed in the company's most recent Form 10-K and otherfilings with the Securities and Exchange Commission. Should one ormore of these risks or uncertainties materialize, or shouldunderlying assumptions prove incorrect, actual results may varymaterially from those indicated.

ABOUT TRANSOCEAN Transocean is the world's largest offshore drillingcontractor and the leading provider of drilling management servicesworldwide. With a fleet of 139 mobile offshore drilling units as wellas two ultra-deepwater newbuild drillships and a high-specificationjackup under construction, Transocean's fleet is considered one ofthe most modern and versatile in the world due to its emphasis ontechnically demanding segments of the offshore drilling business.Transocean owns or operates a contract drilling fleet of 47High-Specification Floaters (Ultra-Deepwater, Deepwater andHarsh-Environment semisubmersibles and drillships), 25 MidwaterFloaters, 10 High-Specification Jackups, 54 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.