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

July 20, 2011

ZUG, SWITZERLAND, Jul 20, 2011 (MARKETWIRE via COMTEX) --

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today said it plans toreport earnings for the three months ended June 30, 2011 on theafternoon of Wednesday, August 3, 2011, following the close oftrading in the United States.

The company will conduct a teleconference call at 10:00 a.m. EDT(5:00 p.m. CEST) on Thursday, August 4, 2011. Individuals who wish toparticipate in the teleconference call should dial +1 719-457-2698and refer to confirmation code 4734310 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 August 4, 2011, and can be accessedby dialing +1 719-457-0820 or +1 888-203-1112 and referring to theconfirmation code 4734310. 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.

About Transocean Transocean is the world's largest offshore drillingcontractor and the leading provider of drilling management servicesworldwide. With a fleet of 134 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, 51 Standard Jackups andone other asset utilized in the support of offshore drillingactivities worldwide.

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

SOURCE: Transocean Ltd.