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Transocean Ltd. Announces First Quarter 2011 Earnings Release Date\r and Conference Call Information

April 19, 2011

ZUG, SWITZERLAND, Apr 19, 2011 (MARKETWIRE via COMTEX) --

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) said it plans to reportearnings for the three months ended March 31, 2011 on the afternoonof Wednesday, May 4, 2011, following the close of trading in theUnited States.

The company will conduct a teleconference call at 10:00 a.m. EDT(5:00 p.m. CEST) on Thursday, May 5, 2011. Individuals who wish toparticipate in the teleconference call should dial +1 719-325-2234and refer to confirmation code 8570996 approximately five to 10minutes prior to the scheduled start time of the call.

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

A telephonic replay of the conference call should be available after1:00 p.m. EDT (8:00 p.m. CEST) on May 5, 2011, and can be accessed bydialing +1 719-457-0820 or +1 888-203-1112 and referring to theconfirmation code 8570996. Also, a replay will be available throughthe Internet and can be accessed by visiting either of theabove-referenced Worldwide Web addresses. Both replay options will beavailable for approximately 30 days.

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 drillship and three high-specification jackups 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 47 High-SpecificationFloaters (Ultra-Deepwater, Deepwater and Harsh-Environmentsemisubmersibles and drillships), 25 Midwater Floaters, nineHigh-Specification Jackups, 52 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.