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Transocean Inc. Announces Change in Investor Relations

January 12, 2007

HOUSTON--(BUSINESS WIRE)--Jan. 11, 2007--Transocean Inc.(NYSE:RIG) today announced that John H. Briscoe, who previously servedas Finance Director for North and South America operations of thecompany, has been named Director of Investor Relations andCommunications for the company. Mr. Briscoe will replace Jeffery L.Chastain, Vice President Investor Relations and Communications, who isleaving the company. Mr. Briscoe will assume responsibilityimmediately for all investor relations of the company and reportdirectly to Robert L. Long, Chief Executive Officer of the company.

Prior to joining Transocean in June 2005, Mr. Briscoe served asVice President of Accounting for Ferrellgas Inc., the general partnerof Ferrellgas Partners L.P., a New York Stock Exchange traded masterlimited partnership. Prior to working for Ferrellgas, Mr. Briscoeserved as Controller for Latin America for Dresser Industries Inc.,which has subsequently been acquired by Halliburton, Inc. Mr. Briscoeis a certified public accountant and holds a Bachelor's degree inBusiness Administration - Accounting from the University of Texas.

Transocean Inc. is the world's largest offshore drillingcontractor with a fleet of 82 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 33High-Specification Floaters (semisubmersibles and drillships), 20Other Floaters, 25 Jackups and other assets utilized in the support ofoffshore drilling activities worldwide. With a current equity marketcapitalization in excess of $21 billion, Transocean Inc.'s ordinaryshares are traded on the New York Stock Exchange under the symbol\"RIG.\"

CONTACT: Transocean Inc.
John H. Briscoe, 713-232-7551 (Analysts)
Guy A. Cantwell, 713-232-7647 (Media)

SOURCE: Transocean Inc.