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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 OfficerRobert L. Long will address attendees at the Howard Weil 2004 EnergyConference in New Orleans, LA. Mr. Long is scheduled to present onMonday, March 29, 2004, at 1:15 p.m., CT.

A copy of the presentation materials will be available on thecompany'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 \"InvestorRelations\" link and select \"Presentations.\" As a matter ofclarification, Howard Weil conference organizers are not offering aweb cast of this presentation.

Transocean Inc. is the world's largest offshore drillingcontractor with full or partial ownership in 96 mobile offshoredrilling units, excluding the 70-rig fleet of TODCO, a publicly-tradeddrilling company in which Transocean Inc. owns a majority interest.The company's mobile offshore drilling fleet is considered one of themost modern and versatile in the world due to its emphasis ontechnically demanding segments of the offshore drilling business,including industry-leading positions in high-specification deepwaterand harsh environment drilling units. The company's fleet consists of32 High-Specification Floaters (semisubmersibles and drillships), 26Other Floaters, 26 Jackup Rigs and other assets utilized in thesupport of offshore drilling activities worldwide. With a currentequity market capitalization in excess of $8 billion, TransoceanInc.'s ordinary shares are traded on the New York Stock Exchange underthe 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.