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R. Thaddeus Vayda Joins Transocean Ltd. as Vice President, Investor\r Relations

July 19, 2011

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

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced today that R.Thaddeus Vayda has been named Vice President, Investor Relations,effective July 20, 2011. Based in Houston, he will report toTransocean Ltd. President and Chief Executive Officer Steven L.Newman.

Mr. Vayda rejoins Transocean, where he served in various roles from1995 to 2000 in Marketing, Engineering and Operations and asDirector, Corporate Planning and Financial Analysis. From 2000 to2011, Mr. Vayda worked in senior sell-side energy equity researchanalyst and industry expert roles, covering the energy and oilfieldservices and equipment industry, most recently for Stifel, Nicolaus &Company, First Albany Capital and RBC Capital Markets. Prior to 1995,Mr. Vayda served as Senior Analyst in the Fleet Planning Group ofNorthwest Airlines, Inc. and as Associate, Applied Sciences Practice,at Booz, Allen and Hamilton, Inc., Management Consultants.

\"Thad brings a strong understanding of our business and industry tohis new role at Transocean, especially his knowledge of the sell-sideinvestment community and the roles of analysts and portfoliomanagers,\" Steven L. Newman said, \"We welcome Thad back to Transoceanand look forward to building even stronger relationships with ourinvestors.\"

Mr. Vayda earned an MBA from The Fuqua School of Business at DukeUniversity, Durham, North Carolina, and a Bachelor of Science degreein Mechanical/Biomedical Engineering from The Catholic University ofAmerica at Washington, D.C.

About Transocean

Transocean is the world's largest offshore drilling contractor andthe leading provider of drilling management services worldwide. Witha fleet of 134 mobile offshore drilling units as well as threehigh-specification jackups under construction, Transocean's fleet isconsidered one of the most modern and versatile in the world due toits 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, 51 Standard Jackups andone other rig utilized in the support of offshore drilling activitiesworldwide.

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

SOURCE: Transocean Ltd.