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Transocean Inc. Announces Fourth Quarter 2005 Earnings Release Date and Conference Call Information

January 17, 2006

HOUSTON--(BUSINESS WIRE)--Jan. 17, 2006--Transocean Inc.(NYSE:RIG) today said it plans to report earnings for the three monthsended December 31, 2005 on the morning of Tuesday, February 14, 2006.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 February 14. Individuals whowish to participate in the teleconference call should dial303-262-2175 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 February 14, and can be accessed by dialing303-590-3000 and referring to the passcode 11051193. 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 90 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), 23Other Floaters, 25 Jackup Rigs and other assets utilized in thesupport of offshore drilling activities worldwide. With a currentequity market capitalization in excess of $25 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.