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Transocean Ltd. to Present at UBS Oil and Gas Conference

May 17, 2012

ZUG, SWITZERLAND, May 17, 2012 (MARKETWIRE via COMTEX) --Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced thatGregory L. Cauthen, Executive Vice President and Interim ChiefFinancial Officer, will address attendees at the UBS Oil and GasConference in Austin, Texas. Mr. Cauthen is scheduled to present onTuesday, May 22, 2012, at 8:05 a.m., CT.

A live broadcast of the presentation and a replay will be publiclyaccessible through the company's website at www.deepwater.com. Go tothe \"Investor Relations\" link and select \"News & Events,\" followed by\"Presentations.\" Participants are encouraged to log onto the site atleast 15 minutes before the scheduled start of the presentation toensure that minimum software requirements are met.

About Transocean

Transocean is a leading international provider of offshore contractdrilling services for oil and gas wells. We own or have partialownership interests in and operate a fleet of 129 mobile offshoredrilling units consisting of 50 High-Specification Floaters(Ultra-Deepwater, Deepwater and Harsh-Environment semisubmersiblesand drillships), 25 Midwater Floaters, nine High-SpecificationJackups, 44 Standard Jackups and one swamp barge. In addition, wehave two Ultra-Deepwater drillships and four High-SpecificationJackups under construction. The company 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.