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Transocean Inc. Announces First Quarter 2004 Earnings Release Date and Conference Call Information

April 6, 2004

HOUSTON--(BUSINESS WIRE)--April 6, 2004--Transocean Inc.(NYSE:RIG) today said it plans to report earnings for the three monthsended March 31, 2004 on the morning of Tuesday, April 27, 2004.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. ET on April 27. Individuals whowish to participate in the teleconference call should dial303-262-2075 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. ET on April 27 and can be accessed by dialing303-590-3000 and referring to the passcode 575769. 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 full or partial ownership in 95 mobile offshoredrilling units, excluding the 70-rig fleet of TODCO (NYSE:THE), apublicly traded drilling company in which Transocean Inc. owns amajority interest. The company's mobile offshore drilling fleet isconsidered one of the most modern and versatile in the world due toits emphasis on technically demanding segments of the offshoredrilling business, including industry-leading positions inhigh-specification deepwater and harsh environment drilling units. Thecompany's fleet consists of 32 High-Specification Floaters(semisubmersibles and drillships), 25 Other Floaters, 26 Jackup Rigsand other assets utilized in the support of offshore drillingactivities worldwide. With a current equity market capitalization inexcess of $8 billion, Transocean Inc.'s ordinary shares are traded onthe 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.