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Transocean Inc. to Present at Howard Weil Energy Conference

March 25, 2004

HOUSTON--(BUSINESS WIRE)--March 25, 2004--Transocean Inc. (NYSE:RIG) announced that its President and Chief Executive Officer Robert L. Long will address attendees at the Howard Weil 2004 Energy Conference in New Orleans, LA. Mr. Long is scheduled to present on Monday, March 29, 2004, at 1:15 p.m., CT.

A copy of the presentation materials will be available on the company's web site prior to the start of the discussion on March 29, 2004 and will be accessible at www.deepwater.com. Go to the "Investor Relations" link and select "Presentations." As a matter of clarification, Howard Weil conference organizers are not offering a web cast of this presentation.

Transocean Inc. is the world's largest offshore drilling contractor with full or partial ownership in 96 mobile offshore drilling units, excluding the 70-rig fleet of TODCO, a publicly-traded drilling company in which Transocean Inc. owns a majority interest. The company's mobile offshore drilling fleet is considered one of the most modern and versatile in the world due to its emphasis on technically demanding segments of the offshore drilling business, including industry-leading positions in high-specification deepwater and harsh environment drilling units. The company's fleet consists of 32 High-Specification Floaters (semisubmersibles and drillships), 26 Other Floaters, 26 Jackup Rigs and other assets utilized in the support of offshore drilling activities worldwide. With a current equity market capitalization in excess of $8 billion, Transocean Inc.'s ordinary shares are traded on the New York Stock Exchange under the symbol "RIG."

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

    SOURCE: Transocean Inc.