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Transocean Ltd. Provides Fleet Update Summary

November 15, 2011

ZUG, SWITZERLAND, Nov 15, 2011 (MARKETWIRE via COMTEX) --

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today issued a monthlyfleet update summary covering only newly signed contracts andsignificant changes to existing contracts and estimated out ofservice time since our quarterly fleet status report dated October17, 2011. It can be accessed at www.deepwater.com by clicking on theFleet Status Report link found in the toolbar.

Forward-Looking Statements Statements regarding the estimatedduration of client contracts, contract dayrate amounts, futurecontract commencement dates and locations, planned shipyard projectsand other out of service time, as well as any other statements thatare not historical facts in the report, are forward-lookingstatements that involve certain risks, uncertainties and assumptions.These include but are not limited to operating hazards and delays,risks associated with international operations, actions by customersand other third parties, the future prices of oil and gas and otherfactors detailed in the company's most recent Form 10-K and otherfilings with the Securities and Exchange Commission. Should one ormore of these risks or uncertainties materialize, or shouldunderlying assumptions prove incorrect, actual results may varymaterially 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 135 mobile offshore drilling units, excluding twoUltra-Deepwater Drillships and four High-Specification Jackups underconstruction, Transocean's fleet is considered one of the most modernand versatile in the world due to its emphasis on technicallydemanding segments of the offshore drilling business. Transocean ownsor operates a contract drilling fleet of 50 High-SpecificationFloaters (Ultra-Deepwater, Deepwater and Harsh-Environmentsemisubmersibles and drillships), 25 Midwater Floaters, nineHigh-Specification Jackups, 50 Standard Jackups and one swamp barge.

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

SOURCE: Transocean Ltd.