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Transocean Inc. Announces First Quarter 2003 Earnings Release Date and Conference Call Information

April 3, 2003

HOUSTON--(BUSINESS WIRE)--April 3, 2003--Transocean Inc.(NYSE:RIG) today said it plans to report earnings for the three monthsended March 31, 2003 on the morning of Tuesday, April 29, 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. EDT on April 29. Individuals whowish to participate in the teleconference call should dial212/329-1454 approximately five to 10 minutes prior to the scheduledstart 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'sNew York Stock Exchange trading symbol, \"RIG.\"

A telephonic replay of the conference call should be availableafter 1:00 p.m. EDT on April 29 and can be accessed by dialing303/590-3000 and referring to the passcode 533691. Also, a replay willbe available through the Internet and can be accessed by visitingeither of the above-referenced Worldwide Web addresses. Both replayoptions 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, two other drillships and 55 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 $6 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

SOURCE: Transocean Inc.