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Transocean Inc. to Present At Credit Lyonnais Global Oilfield Services Conference

June 3, 2002

HOUSTON--(BUSINESS WIRE)--June 3, 2002--Transocean Inc. (NYSE:RIG)today announced that its Chief Executive Officer, J. Michael Talbert,will make a presentation on the company at the Credit Lyonnais AnnualGlobal Oilfield Services Conference in Paris, France. Mr. Talbert isscheduled to present on Wednesday, June 5, 2002, at 9:30 a.m., Paristime.

The live presentation and a replay will be publicly accessible byaccessing the company's website at www.deepwater.com. Go to the\"Investor Relations\" link and select \"Presentations.\" Participants areencouraged to log onto the site at least 15 minutes before thescheduled start of the presentation to ensure that minimum softwarerequirements are met.

Transocean Inc. is the world's largest offshore drillingcontractor with more than 150 full or partially owned and managedmobile offshore drilling units, inland drilling barges and otherassets utilized in the support of offshore drilling activitiesworldwide. The company's mobile offshore drilling fleet is consideredone of the most modern and versatile in the world with 31high-specification semisubmersibles and drillships, 28 othersemisubmersibles and one drillship, and 54 jackup drilling rigs.Transocean Inc. specializes in technically demanding segments of theoffshore drilling business, including industry-leading positions indeepwater and harsh environment drilling services. With a currentequity market capitalization in excess of $12 billion, the company'sordinary shares are traded on the New York Stock Exchange under thesymbol \"RIG.\"

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