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Transocean Inc. to Present At Merrill Lynch Global Energy Investor Conference

November 4, 2002
HOUSTON, Nov 4, 2002 (BUSINESS WIRE) -- Transocean Inc. (NYSE:RIG) todayannounced that its President and Chief Executive Officer, Robert L. Long, willmake a presentation on the company at the Merrill Lynch Global Energy InvestorConference in New York. Mr. Long is scheduled to present on Tuesday, November 5,2002, at 8:00 a.m., Eastern time.

The live presentation and a replay will be publicly accessible through thecompany's website at www.deepwater.com. Go to the \"Investor Relations\" link andselect \"Presentations.\" Participants are encouraged to log onto the site atleast 15 minutes before the scheduled start of the presentation to ensure thatminimum software requirements are met.

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, 27 other semisubmersiblesand two drillships, and 54 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 $7 billion, thecompany's ordinary shares are traded on the New York Stock Exchange under thesymbol \"RIG.\"

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