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

October 8, 2004

HOUSTON--(BUSINESS WIRE)--Oct. 8, 2004--Transocean Inc. (NYSE:RIG)today said it plans to report earnings for the three months endedSeptember 30, 2004 on the morning of Tuesday, October 26, 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 October 26. 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 October 26 and can be accessed by dialing303-590-3000 and referring to the passcode 11011131. 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 tradedcompany in which Transocean Inc. owns a majority voting interest. Thecompany's mobile offshore drilling fleet is considered one of the mostmodern and versatile in the world due to its emphasis on technicallydemanding segments of the offshore drilling business, includingindustry-leading positions in high-specification deepwater and harshenvironment drilling units. The company's fleet consists of 32High-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 $11 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.