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Transocean Ltd. Announces World Water-Depth Drilling Record in 10,194\r Feet of Water

April 11, 2011

ZUG, SWITZERLAND, Apr 11, 2011 (MARKETWIRE via COMTEX) --

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced that theultra-deepwater drillship Dhirubhai Deepwater KG2 has set what thecompany believes is a world record for the deepest water depth by anoffshore drilling rig of 10,194 feet of water while working forReliance Industries offshore India. The rig, which is owned by ajoint venture with Quantum Pacific Group, surpassed Transocean'sprior record of 10,011 feet of water, set in 2003 by the DiscovererDeep Seas working for Chevron in the U.S. Gulf of Mexico.

The new record comes approximately one year after the dynamicallypositioned Dhirubhai Deepwater KG2 was placed into service in Indiaunder a five-year drilling contract. The vessel is equipped to workin water depths of up to 12,000 feet and outfitted to construct wellsup to 35,000 feet deep.

About Transocean

Transocean is the world's largest offshore drilling contractor andthe leading provider of drilling management services worldwide. Witha fleet of 136 mobile offshore drilling units as well as oneultra-deepwater newbuild drillship and three high-specificationjackups 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, nine High-Specification Jackups, 52 Standard Jackups andother assets utilized in the support of offshore drilling activitiesworldwide.

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

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SOURCE: Transocean Ltd.