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Transocean Ltd. Provides Fleet Update Summary

December 15, 2011

ZUG, SWITZERLAND, Dec 15, 2011 (MARKETWIRE via COMTEX) --Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today issued a monthlyfleet update summary which includes newly signed contracts andsignificant changes to existing contracts and estimated out ofservice time since our quarterly fleet status report dated November15, 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 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.