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SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940 		 
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
CAUTHEN GREGORY L
(Last) (First) (Middle)
4 GREENWAY PLAZA
(Street)
HOUSTON TX 77046
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TRANSOCEAN INC [ RIG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Sr. VP, CFO and Treasurer
3. Date of Earliest Transaction (Month/Day/Year)
02/04/2005
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares 02/04/2005 M(1) 6,760 A $38.07 6,760 I By Wife(5)
Ordinary Shares 02/04/2005 S(1) 6,760 D $45 0 I By Wife(5)
Ordinary Shares 02/04/2005 M(1) 10,000 A $37 10,000 I By Wife(5)
Ordinary Shares 02/04/2005 S(1) 10,000 D $45 0 I By Wife(5)
Ordinary Shares 02/04/2005 M(1) 3,000 A $41.5 3,000 I By Wife(5)
Ordinary Shares 02/04/2005 S(1) 3,000 D $45 0 I By Wife(5)
Ordinary Shares 02/04/2005 M(3) 6,666 A $28.8 8,166 D
Ordinary Shares 02/04/2005 S(3) 6,666 D $45 1,500 D
Ordinary Shares 02/04/2005 M(3) 8,856 A $21.2 10,356 D
Ordinary Shares 02/04/2005 S(3) 8,856 D $45 1,500 D
Ordinary Shares 2,159 I By Issuer Employee Stock Purchase Plan(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options $38.07 02/04/2005 M(1) 6,760 (2) 01/10/2006 Ordinary Shares 6,760 $0 0 I By Wife
Stock Options $37 02/04/2005 M(1) 10,000 (2) 01/10/2006 Ordinary Shares 10,000 $0 0 I By Wife
Stock Options $41.5 02/04/2005 M(1) 3,000 (2) 02/12/2008 Ordinary Shares 3,000 $0 0 I By Wife
Stock Options $28.8 02/04/2005 M(3) 6,666 (2) 07/10/2012 Ordinary Shares 6,666 $0 13,334 D
Stock Options $21.2 02/04/2005 M(3) 8,856 (2) 07/10/2013 Ordinary Shares 8,856 $0 17,714 D
Explanation of Responses:
1. The transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person's wife on November 23, 2004.
2. The options are fully vested and exercisable.
3. The transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 30, 2004.
4. Shares owned under the Issuer's Employee Stock Purchase Plan. Includes 808 shares acquired between September 3, 2004 and February 4, 2005.
5. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. The reporting person married the owner of the securities on August 28, 2004.
Remarks:
William E. Turcotte by Power of Attorney 02/08/2005
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
POWER OF ATTORNEY



Know all by these presents, that the undersigned hereby constitutes and

appoints each of Eric B. Brown and William E. Turcotte, signing singly, the

undersigned's true and lawful attorney-in-fact to:



(1) execute for and on behalf of the undersigned, in the undersigned's capacity

as an officer and/or director of Transocean Inc. (the "Company"),

Forms 3, 4, and 5 in accordance with Section 16(a) of the Securities Exchange

Act of 1934 and the rules thereunder;



(2) do and perform any and all acts for and on behalf of the undersigned which

may be necessary or desirable to complete and execute any such Form 3, 4, or 5,

complete and execute any amendment or amendments thereto, and file such form

with the United States Securities and Exchange Commission and any stock

exchange or similar authority; and



(3) take any other action of any type whatsoever in connection with the

foregoing which, in the opinion of such attorney-in-fact, may be of benefit to,

in the best interest of, or legally required by, the undersigned, it being

understood that the documents executed by such attorney-in-fact on behalf of

the undersigned pursuant to this Power of Attorney shall be in such form and

shall contain such terms and conditions as such attorney-in-fact may approve in

such attorney-in-fact's discretion.



The undersigned hereby grants to each such attorney-in-fact full power and

authority to do and perform any and every act and thing whatsoever requisite,

necessary, or proper to be done in the exercise of any of the rights and powers

herein granted, as fully to all intents and purposes as the undersigned might

or could do if personally present, with full power of substitution or

revocation, hereby ratifying and confirming all that such attorney-in-fact, or

such attorney-in-fact's substitute or substitutes, shall lawfully do or cause

to be done by virtue of this power of attorney and the rights and powers herein

granted.  The undersigned acknowledges that the foregoing attorneys-in-fact,

in serving in such capacity at the request of the undersigned, are not

assuming, nor is the Company assuming, any of the undersigned's

responsibilities to comply with Section 16 of the Securities Exchange Act of

1934.



This Power of Attorney shall remain in full force and effect until the

undersigned is no longer required to file Forms 3, 4, and 5 with respect to

the undersigned's holdings of and transactions in securities issued by the

Company, unless earlier revoked by the undersigned in a signed writing

delivered to the foregoing attorneys-in-fact.



IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be

executed as of this 20th day of July, 2004.





Signature:  /s/



Name: Greogry L. Cauthen