Offshore staff

(US) - Transocean says exclusive marketing rights have terminated without any action taken in respect of three PetroJack ASA jackup rigs under construction,PetroJack I, II and III. Also terminated without any action taken were options to purchase each unit.

On January 5, Transocean announced that the exclusive marketing rights for the three Baker Marine Pacific Class 375 deep drilling jackup rigs currently under construction in Singapore would terminate on March 15. The deadline for extending the marketing rights and options has also passed without any action taken.

03/15/06