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

July 7, 2003

HOUSTON--(BUSINESS WIRE)--July 7, 2003--Transocean Inc. (NYSE:RIG)today said it plans to report earnings for the six months ended June30, 2003 on the morning of Tuesday, July 29, 2003. Following theearnings report, expected to be released prior to the commencement oftrading in the United States, the company will conduct ateleconference call at 10:00 a.m. EDT on July 29. Individuals who wishto participate in the teleconference call should dial 212/329-1455approximately five to 10 minutes prior to the scheduled start time ofthe 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 July 29 and can be accessed by dialing303/590-3000 and referring to the passcode 544298. 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 170 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 13fifth-generation semisubmersibles and drillships, 15 other deepwatersemisubmersibles and drillships, 32 mid-water semisubmersibles anddrillships and 55 jackup drilling rigs. Transocean Inc. specializes intechnically demanding segments of the offshore drilling business,including industry-leading positions in deepwater and harshenvironment drilling services. With a current equity marketcapitalization in excess of $6 billion, the company's ordinary sharesare traded on the New York Stock Exchange under the symbol \"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.