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Transocean Inc. to Present at Howard Weil Energy Conference

April 1, 2005

HOUSTON--(BUSINESS WIRE)--April 1, 2005--Transocean Inc.(NYSE:RIG) today announced that Robert L. Long, President and CEO ofthe company, will address attendees at the 33rd Annual Howard WeilEnergy Conference in New Orleans. Mr. Long is scheduled to present onMonday, April 4, 2005, at 1:15 p.m., CT.

A copy of the presentation materials will be available on thecompany's web site prior to the start of the discussion on April 4,2005 and will be accessible at www.deepwater.com. Go to the \"InvestorRelations\" link and select \"Presentations.\" Howard Weil conferenceorganizers are not offering a web cast of this presentation.

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 $16 billion, TransoceanInc.'s ordinary shares are traded on the New York Stock Exchange underthe symbol \"RIG.\"

Transocean Inc., Houston
Analyst Contact:
Jeffrey L. Chastain, 713-232-7551

Media Contact:
Guy A. Cantwell, 713-232-7647