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Press release from Marketwire

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

Friday, February 24, 2012

Transocean Ltd. Announces Revision to Fourth Quarter 2011 Earnings Release and Conference Call Date16:15 EST Friday, February 24, 2012ZUG, SWITZERLAND--(Marketwire - February 24, 2012) - Transocean Ltd. (NYSE: RIG) (SIX: RIGN) said it plans to report earnings for the three months and the full year ended December 31, 2011 before trading opens on the NYSE Monday, February 27, 2012.The company will conduct a teleconference call at 10:00 a.m. EST (4:00 p.m. CEST) on Monday, February 27, 2012. Individuals who wish to participate in the teleconference call should dial +1 719-325-4781 and refer to confirmation code 6384703 approximately 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 27, 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 132 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, 47 Standard Jackups and one swamp barge. In addition, we have two Ultra-Deepwater Drillships and four High-Specification Jackups under construction. Transocean specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. We believe we operate one of the most versatile offshore drilling fleets in the world.For more information about Transocean, please visit the 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