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Transocean Ltd. to Present at UBS Global Oil and Gas Conference

May 17, 2011

ZUG, SWITZERLAND, May 17, 2011 (MARKETWIRE via COMTEX) --

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced thatRicardo H. Rosa, Senior Vice President and Chief Financial Officer ofthe company, will address attendees at the UBS Global Oil and GasConference in Austin, TX. Mr. Rosa is scheduled to present at 8:05a.m., CT, on Tuesday, May 24, 2011.

A live broadcast of the presentation and a replay will be publiclyaccessible through the company's website at www.deepwater.com. Go tothe \"Investor Relations\" link and select \"News & Events,\" followed by\"Presentations.\" Participants are encouraged to log onto the site atleast 15 minutes before the scheduled start of the presentation toensure that minimum software requirements are met.

About Transocean Transocean is the world's largest offshore drillingcontractor and the leading provider of drilling management servicesworldwide. With a fleet of 138 mobile offshore drilling units as wellas three high-specification jackups under construction, Transocean'sfleet is considered one of the most modern and versatile in the worlddue to its emphasis on technically demanding segments of the offshoredrilling business. Transocean owns or operates a contract drillingfleet of 48 High-Specification Floaters (Ultra-Deepwater, Deepwaterand Harsh-Environment semisubmersibles and drillships), 25 MidwaterFloaters, nine High-Specification Jackups, 53 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.