NYSE: RIG 4.61 0.41 9.76% 6:30 P.M. ET
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Transocean Sedco Forex Inc. Announces First Quarter 2002 Earnings Release Date and Conference Call Information

April 15, 2002
HOUSTON, Apr 15, 2002 (BUSINESS WIRE) -- Transocean Sedco Forex Inc. (NYSE:RIG)today said it plans to report earnings for the three months ended March 31, 2002on the morning of Tuesday, April 30, 2002. Following the earnings report,expected to be released prior to the commencement of trading in the UnitedStates, the company will conduct a teleconference call at 10:00 a.m. Easterntime (EDT) on April 30. Individuals who wish to participate in theteleconference call may dial 719/457-2641 and refer to confirmation code 324325.It is recommended that participants dial in five to 10 minutes prior to thescheduled start time of the call.

In addition, the conference call will be simulcast through a listen-onlybroadcast over the Internet and can be accessed by logging onto the company'sWorldwide Web address at www.deepwater.com and selecting \"Investor Relations.\"It may also be accessed via the Worldwide Web at www.CompanyBoardroom.com bytyping in the company's NYSE trading symbol, \"RIG.\"

A telephonic replay of the conference call should be available after 1:00 p.m.EDT on April 30 and can be accessed by dialing 719/457-0820 and referring to thepasscode 324325. Also, a replay will be available through the Internet and canbe accessed by visiting either of the above-referenced Worldwide Web addresses.Both replay options will be available for approximately 30 days.

Transocean Sedco Forex Inc. is the world's largest offshore drilling contractorwith 159 full or partially owned and managed mobile offshore drilling units,inland drilling barges and other assets utilized in the support of offshoredrilling activities worldwide. The company's mobile offshore drilling fleet isconsidered one of the most modern and versatile in the world with 31high-specification semisubmersibles and drillships, 28 other semisubmersiblesand one drillship, and 54 jackup drilling rigs. Transocean Sedco Forex Inc.specializes in technically demanding segments of the offshore drilling business,including industry-leading positions in deepwater and harsh environment drillingservices. With a current equity market capitalization in excess of $10 billion,the Company's ordinary shares are traded on the New York Stock Exchange underthe symbol \"RIG.\"

CONTACT:          Transocean Sedco Forex, Houston                  Analyst Contact: Jeffrey L. Chastain, 713/232-7551                  or                  Media Contact: Guy A. Cantwell, 713/232-7647