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

January 12, 2004

HOUSTON--(BUSINESS WIRE)--Jan. 12, 2004--Transocean Inc.(NYSE:RIG) today said it plans to report earnings for the twelvemonths ended December 31, 2003 on the morning of Tuesday, February 3,2004. Following the earnings report, expected to be released prior tothe commencement of trading in the United States, the company willconduct a teleconference call at 10:00 a.m. ET on February 3.Individuals who wish to participate in the teleconference call shoulddial 303-262-2075 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'sNew York Stock Exchange trading symbol, \"RIG.\"

A telephonic replay of the conference call should be availableafter 1:00 p.m. ET on February 3, and can be accessed by dialing303-590-3000 and referring to the passcode 566555. 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 160 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, 31 mid-water semisubmersibles anddrillships and 50 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 $8 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.