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Transocean Ltd. Provides Fleet Update Summary

August 17, 2011

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

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today issued a monthlyfleet update summary covering only newly signed contracts,significant changes to existing contracts and changes to estimatedout of service time of 30 days or more for High-SpecificationFloaters or 60 days or more for all other rig classes since ourquarterly fleet status report dated July 13, 2011.

Drilling rig status and contract information on the company'soffshore drilling fleet has been condensed into a report titled\"Transocean Fleet Status Report,\" which is available through thecompany's Web address at www.deepwater.com. The report can beaccessed from the home page of the Web address by clicking on theFleet Status Report link found in the tool bar.

Forward-Looking Statements

Statements regarding the estimated duration of client contracts,contract dayrate amounts, future contract commencement dates andlocations, planned shipyard projects and other out of service time,as well as any other statements that are not historical facts in thereport, are forward-looking statements that involve certain risks,uncertainties and assumptions. These include but are not limited tooperating hazards and delays, risks associated with internationaloperations, actions by customers and other third parties, the futureprices of oil and gas and other factors detailed in the company'smost recent Form 10-K and other filings with the Securities andExchange Commission. Should one or more of these risks oruncertainties materialize, or should underlying assumptions proveincorrect, actual results may vary materially from those indicated.

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 fourhigh-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 swamp drilling barge.

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

SOURCE: Transocean Ltd.