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Transocean Ltd. Provides Fleet Update Summary

February 14, 2012

ZUG, SWITZERLAND, Feb 14, 2012 (MARKETWIRE via COMTEX) --Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today issued a monthlyfleet update summary which includes newly signed contracts,significant changes to existing contracts, and estimated out ofservice time since our quarterly fleet status report dated January16, 2012. The Fleet Status now reflects changes in estimated out ofservice time of 15 days or longer for all rig classifications sincethe previously issued comprehensive report. It can be accessed atwww.deepwater.com by clicking on the Fleet Status Report link foundin the toolbar.

Forward-Looking Statements

Statements regarding the estimated duration of client contracts,contract dayrate amounts, future contract commencement dates andlocations, planned shipyard projects and other out of service time,as well as any other statements that are not historical facts in thereport, are forward-looking statements that involve certain risks,uncertainties and assumptions. These include but are not limited tooperating hazards and delays, risks associated with internationaloperations, actions by customers and other third parties, the futureprices of oil and gas and other factors detailed in the company'smost recent Form 10-K and other filings with the Securities andExchange Commission. Should one or more of these risks oruncertainties materialize, or should underlying assumptions proveincorrect, actual results may vary materially from those indicated.

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 we operate one of the most versatilemobile offshore drilling fleets in the world.

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

SOURCE: Transocean Ltd.