2012-11-19 04:11:43 -

ZUG, SWITZERLAND-Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced today that,
effective immediately, Allen M. Katz, has joined the company and will serve as
Interim Senior Vice President and General Counsel through June 30, 2013.
  Subject to mutual agreement, Mr. Katz's employment with Transocean can be
extended through December 31, 2013.  Mr. Katz has served as an advisor to the
company since June 2010.

Prior to Transocean, Mr. Katz served as managing partner at Munger, Tolles &
Olson, LLP, initially joining the firm in 1974.  He earned his Juris Doctorate
from Stanford Law School in 1972 and received his undergraduate degree from
Brandeis University in 1969, graduating cum laude.  Mr. Katz is a member of the
California, 9(th) Circuit and is admitted to practice before the U.S. Supreme
Court.

About Transocean

Transocean is a   leading international provider of offshore contract drilling
services for oil and gas wells. The company specializes in technically demanding
sectors of the global offshore drilling business with a particular focus on
deepwater and harsh environment drilling services, and believes that it operates
one of the most versatile offshore drilling fleets in the world.

Transocean owns or has partial ownership interests in, and operates a fleet of,
115 mobile offshore drilling units consisting of 48 High-Specification Floaters
(Ultra-Deepwater, Deepwater and Harsh-Environment drilling rigs), 25 Midwater
Floaters, nine High-Specification Jackups, 32 Standard Jackups and one swamp
barge. Included in the 115 drilling units, the company has 32 Standard Jackups
and one swamp barge classified as discontinued operations. In addition, we have
six Ultra-Deepwater Drillships and three High-Specification Jackups under
construction.

 For   more   information   about   Transocean,   please   visit   the   website
www.deepwater.com.



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Source: Transocean Ltd via Thomson Reuters ONE
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