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Press release from Marketwire

Transocean Ltd. Provides Fleet Status Report

Thursday, January 13, 2011

Transocean Ltd. Provides Fleet Status Report17:06 EST Thursday, January 13, 2011ZUG, SWITZERLAND--(Marketwire - January 13, 2011) - Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today issued an updated Fleet Status Report covering the company's 139-unit offshore drilling fleet.Drilling rig status and contract information on the company's offshore drilling fleet has been condensed into the Transocean Fleet Status Report, which is available through the company's web address www.deepwater.com. The report can be accessed from the home page of the web address by clicking on the Fleet Update Report link found in the toolbar.FORWARD-LOOKING STATEMENTSStatements regarding the estimated duration of client contracts, contract dayrate amounts, future contract commencement dates and locations, planned shipyard projects and other out of service time, as well as any other statements that are not historical facts in the report, are forward-looking statements that involve certain risks, uncertainties and assumptions. These include but are not limited to operating hazards and delays, risks associated with international operations, actions by customers and other third parties, the future prices of oil and gas and other factors detailed in the company's most recent Form 10-K and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated.ABOUT TRANSOCEANTransocean is the world's largest offshore drilling contractor and the leading provider of drilling management services worldwide. With a fleet of 139 mobile offshore drilling units as well as two ultra-deepwater newbuild drillships and a high-specification jackup under construction, Transocean's fleet 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. Transocean owns or operates a contract drilling fleet of 47 High-Specification Floaters (Ultra-Deepwater, Deepwater and Harsh-Environment semisubmersibles and drillships), 25 Midwater Floaters, 10 High-Specification Jackups, 54 Standard Jackups and other assets utilized in the support of offshore drilling activities worldwide.For more information about Transocean, please visit our website at www.deepwater.com.FOR FURTHER INFORMATION PLEASE CONTACT: Gregory S. PanagosAnalyst Contact:+1 713-232-7551ORGuy A. CantwellMedia Contact:+1 713-232-7647