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Donnerstag, 22. April 2010 - 22:17 Uhr

Adhoc Meldung: Transocean Ltd. Provides Update on Semisubmersible Drilling Rig Deepwater Horizon

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Transocean Ltd. / Transocean Ltd. Provides Update on Semisubmersible Drilling Rig Deepwater Horizon processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.

ZUG, SWITZERLAND -- (MARKETWIRE) -- 04/22/10 --   Transocean Ltd. (NYSE: RIG)
(SIX: RIGN) provided an update today regarding a fire and explosion onboard its
semisubmersible drilling rig Deepwater Horizon and reports that the rig sank
late in the morning, today. The combined response team was not able to stem the
flow of hydrocarbons prior to the rig sinking, and we are working closely with
BP Exploration & Production, Inc. and the U.S. Coast Guard to determine the
impact from the sinking of the rig and the plans going forward. The U.S. Coast
Guard has plans in place to mitigate any environmental impact from this
situation.

The incident occurred April 20, 2010 at approximately 10:00 p.m. Central Time in
the United States Gulf of Mexico. The rig was located approximately 41 miles
offshore Louisiana on Mississippi Canyon block 252.

The cause of the fire and explosion is unknown at this time. An investigation
into the cause of the incident and assessment of the damage will be ongoing in
the days or weeks to come.

Statements regarding any future aspect of the incident on the Deepwater Horizon,
the effects, results, investigation, damage assessment relating thereto
mitigation of environmental impact, as well as any other statements that are not
historical facts, are forward-looking statements that involve certain risks,
uncertainties and assumptions. These include but are not limited to results of
searches, investigations and assessments, actions by the Coast Guard and other
governmental agencies, actions by customers and other third parties and other
factors detailed in Transocean's most recent Form 10-K and other filings with
the Securities and Exchange Commission (SEC), which are available free of charge
on the SEC's website at www.sec.gov. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those indicated.

Transocean 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 plus three 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. Its worldwide fleet is more than twice the size of the next-largest
competitor. The company owns or operates a contract drilling fleet of 45
High-Specification Floaters (Ultra-Deepwater, Deepwater and Harsh-Environment
semisubmersibles and drillships), 26 Midwater Floaters, 10 High-Specification
Jackups, 55 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 <http://www.deepwater.com/>.


Analyst Contact:
Gregory S. Panagos
+1 713-232-7551

Media Contact:
Guy A. Cantwell
+1 713-232-7647



[HUG#1407217]



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Transocean Ltd.
Chemin de Blandonnet 10 Vernier Switzerland

ISIN: CH0048265513;




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