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Transocean Inc. to Present at Merrill Lynch Global Energy Conference

October 29, 2004

HOUSTON--(BUSINESS WIRE)--Oct. 29, 2004--Transocean Inc.(NYSE:RIG) today announced that Gregory L. Cauthen, Senior VicePresident and Chief Financial Officer of the company, will addressattendees at the Merrill Lynch Global Energy Conference in New YorkCity. Mr. Cauthen is scheduled to present on Wednesday, November 3,2004, at 2:20 p.m., ET.

A live broadcast of the presentation and a replay will be publiclyaccessible through the company's website at www.deepwater.com. Go tothe \"Investor Relations\" link and select \"Presentations.\" Participantsare encouraged to log onto the site at least 15 minutes before thescheduled start of the presentation to ensure that minimum softwarerequirements are met.

Transocean Inc. is the world's largest offshore drillingcontractor with a fleet of 94 mobile offshore drilling units,excluding the 70-rig fleet of TODCO, a publicly traded drillingcompany in which Transocean Inc. has a majority voting interest. Thecompany's mobile offshore drilling fleet, consisting of a large numberof high-specification deepwater and harsh environment drilling units,is considered one of the most modern and versatile in the world due toits emphasis on technically demanding segments of the offshoredrilling business. 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.