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

October 18, 2011


Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today said it plans toreport earnings for the three months ended September 30, 2011 on theafternoon of Wednesday, November 2, 2011, following the close oftrading in the United States.

The company will conduct a teleconference call at 10:00 a.m. ET (3:00p.m. CET) on Thursday, November 3, 2011. Individuals who wish toparticipate in the teleconference call should dial +1 719-325-2223and refer to confirmation code 8774614 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 World Wide Web address atwww.deepwater.com and selecting \"Investor Relations.\" It may also beaccessed via the World Wide Web at www.CompanyBoardroom.com by typingin the company's New York Stock Exchange trading symbol, \"RIG.\"

A telephonic replay of the conference call should be available after1:00 p.m. ET (6:00 p.m. CET) on November 3, 2011, and can be accessedby dialing +1 719-457-0820 or +1 888-203-1112 and referring to theconfirmation code 8774614. Also, a replay will be available throughthe Internet and can be accessed by visiting either of theabove-referenced World Wide Web addresses. Both replay options willbe available 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 135 mobile offshore drilling units,excluding two Ultra-Deepwater Drillships and four High-SpecificationJackups under construction, Transocean's fleet is considered one ofthe most modern and versatile in the world due to its emphasis ontechnically demanding segments of the offshore drilling business.Transocean owns or operates a contract drilling fleet of 50High-Specification Floaters (Ultra-Deepwater, Deepwater andHarsh-Environment semisubmersibles and drillships), 25 MidwaterFloaters, nine High-Specification Jackups, 50 Standard Jackups andone swamp barge.

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

SOURCE: Transocean Ltd.