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

February 24, 2012

ZUG, SWITZERLAND, Feb 24, 2012 (MARKETWIRE via COMTEX) --Transocean Ltd. (NYSE: RIG) (SIX: RIGN) said it plans to reportearnings for the three months and the full year ended December 31,2011 before trading opens on the NYSE Monday, February 27, 2012.

The company will conduct a teleconference call at 10:00 a.m. EST(4:00 p.m. CEST) on Monday, February 27, 2012. Individuals who wishto participate in the teleconference call should dial +1 719-325-4781and refer to confirmation code 6384703 approximately 10 minutes priorto 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 27, 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 132 mobileoffshore drilling units consisting of 50 High-Specification Floaters(Ultra-Deepwater, Deepwater and Harsh-Environment semisubmersiblesand drillships), 25 Midwater Floaters, nine High-SpecificationJackups, 47 Standard Jackups and one swamp barge. In addition, wehave two Ultra-Deepwater Drillships and four High-SpecificationJackups under construction. Transocean specializes in technicallydemanding sectors of the global offshore drilling business with aparticular focus on deepwater and harsh environment drillingservices. We believe we operate one of the most versatile offshoredrilling fleets in the world.

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

SOURCE: Transocean Ltd.