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Press release from Marketwire

Transocean Ltd. to Present at UBS Oil and Gas Conference

Thursday, May 17, 2012

Transocean Ltd. to Present at UBS Oil and Gas Conference16:15 EDT Thursday, May 17, 2012ZUG, SWITZERLAND--(Marketwire - May 17, 2012) - Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced that Gregory L. Cauthen, Executive Vice President and Interim Chief Financial Officer, will address attendees at the UBS Oil and Gas Conference in Austin, Texas. Mr. Cauthen is scheduled to present on Tuesday, May 22, 2012, at 8:05 a.m., CT.A live broadcast of the presentation and a replay will be publicly accessible through the company's website at www.deepwater.com. Go to the "Investor Relations" link and select "News & Events," followed by "Presentations." Participants are encouraged to log onto the site at least 15 minutes before the scheduled start of the presentation to ensure that minimum software requirements are met.About Transocean</b>Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. We own or have partial ownership interests in and operate a fleet of 129 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, 44 Standard Jackups and one swamp barge. In addition, we have two Ultra-Deepwater drillships and four High-Specification Jackups under construction. The company 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+1 713-232-8015Diane VentoORGuy A. CantwellMedia Contact:+1 713-232-7647