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Transocean Inc. Announces Second Quarter 2006 Earnings Release Date and Conference Call Information

July 10, 2006

HOUSTON, July 10, 2006 (PRIMEZONE) -- Transocean Inc. (NYSE:RIG) today said it plans to report earnings for the six months ended June 30, 2006 on the morning of Thursday, August 3, 2006. Following the earnings report, expected to be released prior to the commencement of trading in the United States, the company will conduct a teleconference call at 10:00 a.m. Eastern DST. Individuals who wish to participate in the teleconference call should dial 913-981-5592 and refer to confirmation code 5208498 approximately five to 10 minutes prior to the scheduled start time of the call.

In addition, the conference call will be simulcast through a listen-only broadcast over the Internet and can be accessed by logging onto the company's Worldwide Web address at www.deepwater.com and selecting \"Investor Relations.\" It may also be accessed via the Worldwide Web at www.CompanyBoardroom.com by typing in the company's New York Stock Exchange trading symbol, \"RIG.\"

A telephonic replay of the conference call should be available after 1:00 p.m. Eastern DST on August 3, and can be accessed by dialing 719-457-0820 and referring to the passcode 5208498. Also, a replay will be available through the Internet and can be accessed by visiting either of the above-referenced Worldwide Web addresses. Both replay options will be available for approximately 30 days.

In addition, the senior management of Transocean will discuss the company's strategic focus and regional business outlook during an analyst meeting in New York City on August 7, 2006. The meeting will be held in the Trianon Ballroom of the Hilton New York beginning at 9:00 a.m. Eastern DST. Those wishing to attend the meeting should notify Leslie Milner at 713-232-7694 or lmilner@houston.deepwater.com.

Transocean Inc. is the world's largest offshore drilling contractor with a fleet of 88 mobile offshore drilling units. The company's mobile offshore drilling fleet, consisting of a large number of high-specification deepwater and harsh environment drilling units, is considered one of the most modern and versatile in the world due to its emphasis on technically demanding segments of the offshore drilling business. The company's fleet consists of 33 High-Specification Floaters (semisubmersibles and drillships), 21 Other Floaters, 25 Jackups and other assets utilized in the support of offshore drilling activities worldwide. With a current equity market capitalization in excess of $25 billion, Transocean Inc.'s ordinary shares are traded on the New York Stock Exchange under the symbol \"RIG.\"

The Transocean Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2252

CONTACT:  Transocean Inc.          Analyst Contact:          Jeffrey L. Chastain            (713) 232-7551          Media Contact:          Guy A. Cantwell            (713) 232-7647