NYSE: RIG 1.41 0.02 1.4% 4:00 P.M. ET
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Transocean Inc. Announces Fourth Quarter 2002 Earnings Release Date and Conference Call Information

January 9, 2003

HOUSTON--(BUSINESS WIRE)--Jan. 9, 2003--Transocean Inc. (NYSE:RIG)today said it plans to report earnings for the three months endedDecember 31, 2002 on the morning of Thursday, January 30, 2003.Following the earnings report, expected to be released prior to thecommencement of trading in the United States, the company will conducta teleconference call at 10:00 a.m. Eastern time on January 30.Individuals who wish to participate in the teleconference call shoulddial 212/329-1454 approximately five to 10 minutes prior to thescheduled start time of the call.

In addition, the conference call will be simulcast through alisten-only broadcast over the Internet and can be accessed by loggingonto the company's Worldwide Web address at www.deepwater.com andselecting \"Investor Relations.\" It may also be accessed via theWorldwide Web at www.CompanyBoardroom.com by typing in the company'sNYSE trading symbol, \"RIG.\"

A telephonic replay of the conference call should be availableafter 1:00 p.m. Eastern time on January 30 and can be accessed bydialing 303/590-3000 and referring to the passcode 519997. Also, areplay will be available through the Internet and can be accessed byvisiting either of the above-referenced Worldwide Web addresses. Bothreplay options will be available for approximately 30 days.

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, 27 othersemisubmersibles and two drillships, and 53 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 of approximately $7 billion, thecompany's ordinary shares are traded on the New York Stock Exchangeunder the symbol \"RIG.\"

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