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Transocean Inc. to Present at The 31st Annual Howard Weil Energy Conference

March 27, 2003
HOUSTON, Mar 27, 2003 (BUSINESS WIRE) -- Transocean Inc. (NYSE:RIG) todayannounced that its President and Chief Executive Officer, Robert L. Long, andGregory L. Cauthen, the company's senior vice president, chief financial officerand treasurer, will address attendees at the 31st Annual Howard Weil EnergyConference in New Orleans. Mr. Long and Mr. Cauthen are scheduled to present onMonday, March 31, 2003. The presentation is scheduled to commence at 1:15 p.m.CT.

A copy of the presentation materials will be available on the company's Web siteprior to the start of the discussion on March 31, 2003 and will be accessible atwww.deepwater.com. Go to the \"Investor Relations\" link and select\"Presentations.\"

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 55 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 $6 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