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Transocean Inc. Announces Fourth Quarter 2007 Earnings Release Date and Conference Call Information

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| Source: Transocean Ltd.

HOUSTON, Jan. 22, 2008 (PRIME NEWSWIRE) -- Transocean Inc. (NYSE:RIG) today said it plans to report earnings for the three months ended December 31, 2007, on the morning of Wednesday, February 20, 2008. Following the earnings report, expected to be released prior to the commencement of trading in the United States, the company will conduct a teleconference call at 10:00 a.m. ET on February 20. Individuals who wish to participate in the teleconference call should dial 913-312-1493 and refer to confirmation code 8219413 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 World Wide Web address at www.deepwater.com and selecting "Investor Relations." It may also be accessed via the World Wide 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. ET on February 20, and can be accessed by dialing 719-457-0820 and referring to the passcode 8219413. Also, a replay will be available through the Internet and can be accessed by visiting either of the above-referenced World Wide Web addresses. Both replay options will be available for approximately 30 days.

Transocean Inc. is the world's largest offshore drilling contractor and the leading provider of drilling management services worldwide. With a fleet of 140 mobile offshore drilling units plus eight ultra-deepwater units under construction, the company'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. The company owns or operates a contract drilling fleet of 39 High-Specification Floaters, 29 Midwater Floaters, 68 Jackups and four other assets utilized in the support of offshore drilling activities worldwide. With a current equity market capitalization in excess of $39 billion, Transocean Inc.'s ordinary shares are traded on the New York Stock Exchange under the symbol "RIG."

The Transocean Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2252

Transocean Inc.
Analyst Contact:
Gregory S. Panagos
  713-232-7551
Media Contact:
Guy A. Cantwell
  713-232-7647