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Press release from Marketwire

Transocean Ltd. Announces Fourth Quarter 2011 Earnings Release Date and Conference Call Information

Monday, February 13, 2012

Transocean Ltd. Announces Fourth Quarter 2011 Earnings Release Date and Conference Call Information16:48 EST Monday, February 13, 2012ZUG, SWITZERLAND--(Marketwire - February 13, 2012) - Transocean Ltd. (NYSE: RIG) (SIX: RIGN) said it plans to report earnings for the three months ended December 31, 2011, on the afternoon of Tuesday, February 28, 2012, following the close of trading in the United States.The company will conduct a teleconference call at 10:00 a.m. EST (4:00 p.m. CEST) on Wednesday, February 29, 2012. Individuals who wish to participate in the teleconference call should dial +1 719-325-4781 and refer to confirmation code 6384703 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. EST (7:00 p.m. CEST) on February 29, 2012, and can be accessed by dialing +1 719-457-0820 or +1 888-203-1112 and referring to the passcode 6384703. 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.About Transocean</b>Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. Transocean owns or has partial ownership interests in and operates a fleet of 134 mobile offshore drilling units consisting of 50 High-Specification Floaters (Ultra-Deepwater, Deepwater and Harsh-Environment semisubmersibles and drillships), 25 Midwater Floaters, nine High-Specification Jackups, 49 Standard Jackups and one swamp barge. In addition, we have two Ultra-Deepwater Drillships and four High-Specification Jackups under construction. Transocean's fleet specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. We believe our mobile offshore drilling fleet is one of the most versatile fleets in the world.For more information about Transocean, please visit our website at www.deepwater.com.FOR FURTHER INFORMATION PLEASE CONTACT: Thad VaydaAnalyst Contacts:+1 713-232-7551OR+1 713-232-7420Chris KettmannORGuy A. CantwellMedia Contact:+1 713-232-7647