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Transocean Ltd. Announces World Water-Depth Drilling Record In 10,411 Feet Of Water Off India

July 8, 2013

ZUG, SWITZERLAND, July 8, 2013 -- Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced that the ultra-deepwater drillship Dhirubhai Deepwater KG1 has set a new world record for the deepest water depth by an offshore drilling rig.  The rig recently spudded a well in 10,411 feet (3,174 meters) of water while working for ONGC off the East coast of India. This accomplishment surpasses Transocean’s prior world record of 10,385 feet of water (3,165 meters) also set by the KG1 while working for ONGC in India in February.

About Transocean

Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services, and believes that it operates one of the most versatile offshore drilling fleets in the world.

Transocean owns or has partial ownership interests in, and operates a fleet of, 84 mobile offshore drilling units consisting of 48 High-Specification Floaters (Ultra-Deepwater, Deepwater and Harsh-Environment drilling rigs), 25 Midwater Floaters and 11 High-Specification Jackups. In addition, the company has six Ultra-Deepwater Drillships and one High-Specification Jackup under construction.

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