NYSE: RIG 4.2 0.34 8.81% 6:30 P.M. ET
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Transocean Inc. Announces Second Quarter 2002 Earnings Release Date and Conference Call Information

July 8, 2002
HOUSTON, Jul 8, 2002 (BUSINESS WIRE) -- Transocean Inc. (NYSE:RIG) today saidit plans to report earnings for the three months ended June 30, 2002 on themorning of Tuesday, July 30, 2002. Following the earnings report, expected to bereleased prior to the commencement of trading in the United States, the companywill conduct a teleconference call at 10:00 a.m. Eastern time (EDT) on July 30.Individuals who wish to participate in the teleconference call may dial719/457-2657 and refer to confirmation code 669928. It is recommended thatparticipants dial in five to 10 minutes prior to the scheduled start time of thecall.

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 July 30 and can be accessed by dialing 719/457-0820 and referring to thepasscode 669928. 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 Inc. is the world's largest offshore drilling contractor with morethan 150 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 53 jackup drilling rigs. Transocean Inc. specializes intechnically demanding segments of the offshore drilling business, includingindustry-leading positions in deepwater and harsh environment drilling services.With a current equity market capitalization in excess of $9 billion, thecompany's ordinary 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