Transocean Update On Fleet Contract Status

Transocean Inc. said that its report of drilling rig status and contract information covering the company's offshore drilling fleet has been updated as of July 31, 2007. Drilling rig status and contract information on Transocean Inc.'s offshore drilling fleet has been condensed into a report titled "Transocean Fleet Update," which is available through the company's Worldwide Web address at www.deepwater.com. The report can be accessed from the home page of the Web address by clicking on the Fleet Update Report link found in the tool bar.