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

February 13, 2012

ZUG, SWITZERLAND, Feb 13, 2012 (MARKETWIRE via COMTEX) --Transocean Ltd. (NYSE: RIG) (SIX: RIGN) said it plans to reportearnings for the three months ended December 31, 2011, on theafternoon of Tuesday, February 28, 2012, following the close oftrading in the United States.

The company will conduct a teleconference call at 10:00 a.m. EST(4:00 p.m. CEST) on Wednesday, February 29, 2012. Individuals whowish to participate in the teleconference call should dial +1719-325-4781 and refer to confirmation code 6384703 approximatelyfive to 10 minutes 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 Worldwide Web address at www.deepwater.comand selecting \"Investor Relations.\" It may also be accessed via theWorldwide Web at www.CompanyBoardroom.com by typing in the company'sNew York Stock Exchange trading symbol, \"RIG.\"

A telephonic replay of the conference call should be available after1:00 p.m. EST (7:00 p.m. CEST) on February 29, 2012, and can beaccessed by dialing +1 719-457-0820 or +1 888-203-1112 and referringto the passcode 6384703. Also, a replay will be available through theInternet and can be accessed by visiting either of theabove-referenced Worldwide Web addresses. Both replay options will beavailable for approximately 30 days.

About Transocean

Transocean is a leading international provider of offshore contractdrilling services for oil and gas wells. Transocean owns or haspartial ownership interests in and operates a fleet of 134 mobileoffshore drilling units consisting of 50 High-Specification Floaters(Ultra-Deepwater, Deepwater and Harsh-Environment semisubmersiblesand drillships), 25 Midwater Floaters, nine High-SpecificationJackups, 49 Standard Jackups and one swamp barge. In addition, wehave two Ultra-Deepwater Drillships and four High-SpecificationJackups under construction. Transocean's fleet specializes intechnically demanding sectors of the global offshore drillingbusiness with a particular focus on deepwater and harsh environmentdrilling services. We believe our mobile offshore drilling fleet isone of the most versatile fleets in the world.

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

SOURCE: Transocean Ltd.