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

October 18, 2011


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

The company will conduct a teleconference call at 10:00 a.m. ET (3:00 p.m. CET) on Thursday, November 3, 2011. Individuals who wish to participate in the teleconference call should dial +1 719-325-2223 and refer to confirmation code 8774614 approximately five to 10 minutes prior to the scheduled start time of the call.

In addition, the conference call will be simulcast through a listen-only broadcast over the Internet and can be accessed by logging onto the company's World Wide Web address at www.deepwater.com and selecting "Investor Relations." It may also be accessed via the World Wide Web at www.CompanyBoardroom.com by typing in the company's New York Stock Exchange trading symbol, "RIG."

A telephonic replay of the conference call should be available after 1:00 p.m. ET (6:00 p.m. CET) on November 3, 2011, and can be accessed by dialing +1 719-457-0820 or +1 888-203-1112 and referring to the confirmation code 8774614. Also, a replay will be available through the Internet and can be accessed by visiting either of the above-referenced World Wide Web addresses. Both replay options will be available for approximately 30 days.

About Transocean Transocean is the world's largest offshore drilling contractor and the leading provider of drilling management services worldwide. With a fleet of 135 mobile offshore drilling units, excluding two Ultra-Deepwater Drillships and four High-Specification Jackups under construction, Transocean's fleet is considered one of the most modern and versatile in the world due to its emphasis on technically demanding segments of the offshore drilling business. Transocean owns or operates a contract drilling fleet of 50 High-Specification Floaters (Ultra-Deepwater, Deepwater and Harsh-Environment semisubmersibles and drillships), 25 Midwater Floaters, nine High-Specification Jackups, 50 Standard Jackups and one swamp barge.

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

SOURCE: Transocean Ltd.