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

January 14, 2005

HOUSTON--(BUSINESS WIRE)--Jan. 14, 2005--Transocean Inc.(NYSE:RIG) today said it plans to report earnings for the twelvemonths ended December 31, 2004 on the morning of Tuesday, February 15,2005. Following the earnings report, expected to be released prior tothe commencement of trading in the United States, the company willconduct a teleconference call at 10:00 a.m. ET on February 15.Individuals who wish to participate in the teleconference call shoulddial 303-262-2075 approximately five to 10 minutes prior to thescheduled start 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 February 15, and can be accessed by dialing303-590-3000 and referring to the passcode 11021711. 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 a fleet of 93 mobile offshore drilling units. 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), 24Other Floaters, 26 Jackup Rigs and other assets utilized in thesupport of offshore drilling activities worldwide. With a currentequity market capitalization in excess of $13 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.