TRANSOCEAN LTD. (NYSE:RIG) Files An 8-K Regulation FD Disclosure

Item 7.01.Regulation FD Disclosure

On April 5, 2017, Transocean Ltd. (the Company) announced that
the harsh-environment semisubmersible Transocean Spitsbergen was
awarded two contracts with Statoil. Theestimated firm backlog
associated with these contracts is $83 million, which includes
performance incentive opportunities, integrated services and
mobilization.The initial contract is expected to commence in the
third quarter of 2017.

A copy of the press release announcing the contract for the
Transocean Spitsbergenis being furnished herewith as Exhibit 99.1
and is incorporated herein by reference.

Item 9.01Financial Statements and Exhibits

(d) Exhibits.

The statements described in this Form 8-K and referenced press
release that are not historical facts are forward-looking
statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of
1934. These statements contain words such as “possible,”
“intend,” “will,” “if,” “expect” or other similar
expressions. Forward-looking statements are based on managements
current expectations and assumptions, and are subject to inherent
uncertainties, risks and changes in circumstances that are
difficult to predict. As a result, actual results could differ
materially from those indicated in these forward-looking
statements. Factors that could cause actual results to differ
materially include, but are not limited to, estimated duration of
customer contracts, contract dayrate amounts, future contract
commencement dates and locations, planned shipyard projects,
timing of the companys newbuild deliveries, operating hazards and
delays, risks associated with international operations, actions
by customers and other third parties, the future prices of oil
and gas, the intention to scrap certain drilling rigs and other
factors, including those and other risks discussed in the
company’s most recent Annual Report on Form 10-K for the year
ended December 31, 2016, and in the company’s other filings with
the 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 the other consequences of such a
development worsen), or should underlying assumptions prove
incorrect, actual results may vary materially from those
indicated or expressed or implied by such forward-looking
statements. All subsequent written and oral forward-looking
statements attributable to the company or to persons acting on
our behalf are expressly qualified in their entirety by reference
to these risks and uncertainties. You should not place undue
reliance on forward-looking statements. Each forward-looking
statement speaks only as of the date of the particular statement,
and we undertake no obligation to publicly update or revise any
forward-looking statements to reflect events or circumstances
that occur, or which we become aware of, after the date hereof,
except as otherwise may be required by law. All non-GAAP
financial measure reconciliations to the most comparative GAAP
measure are displayed in quantitative schedules on the companys
website at www.deepwater.com.

About TRANSOCEAN LTD. (NYSE:RIG)

Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company’s primary business is to contract its drilling rigs, related equipment and work crews primarily on a day rate basis to drill oil and gas wells. The Company operates through the contract drilling services segment. The Company specializes in technically demanding regions of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. Its mobile offshore drilling fleet consists of floaters and high-specification jackups used in support of offshore drilling activities and offshore support services across the world. The Company owns or has partial ownership interests in and operates over 60 mobile offshore drilling , including approximately 30 ultra‑deepwater floaters, over seven harsh environment floaters, over five deepwater floaters, over 10 midwater floaters and approximately 10 high-specification jackups.

TRANSOCEAN LTD. (NYSE:RIG) Recent Trading Information

TRANSOCEAN LTD. (NYSE:RIG) closed its last trading session down -0.10 at 12.44 with 7,970,447 shares trading hands.