NYSE: RIG 4.2 0.34 8.81% 6:30 P.M. ET
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Transocean Inc. Announces Second Quarter 2004 Earnings Release Date and Conference Call Information

July 8, 2004

HOUSTON--(BUSINESS WIRE)--July 8, 2004--Transocean Inc. (NYSE:RIG)today said it plans to report earnings for the three months ended June30, 2004 on the morning of Tuesday, July 27, 2004. 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. ET on July 27. Individuals who wishto participate in the teleconference call should dial 303-275-2170approximately 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. ET on July 27 and can be accessed by dialing303-590-3000 and referring to the passcode 11002859. Also, a replaywill be 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, 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), 25Other Floaters, 26 Jackup Rigs and other assets utilized in thesupport of offshore drilling activities worldwide. With a currentequity market capitalization in excess of $9 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.