Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Newman Steven L
 2. Date of Event Requiring Statement (Month/Day/Year)
03/01/2005		 3. Issuer Name and Ticker or Trading Symbol
TRANSOCEAN INC [RIG]
(Last)
(First)
(Middle)
4 GREENWAY PLAZA		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr. VP, HR, IPS & Treasury
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

HOUSTON, TX 77046		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Ordinary Shares 1,228
D
 
Ordinary Shares 2,100
I
By Issuer Long-Term Incentive Plan (1)
Ordinary Shares 1,272
I
By Issuer Savings Plan
Ordinary Shares 1,052
I
By Issuer Employee Stock Purchase Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options   (2) 02/12/2008 Ordinary Shares 2,900 $ 41.5 D  
Stock Options   (2) 02/15/2010 Ordinary Shares 7,500 $ 37 D  
Stock Options   (2) 07/14/2011 Ordinary Shares 10,140 $ 38.07 D  
Stock Options   (3) 07/10/2012 Ordinary Shares 13,000 $ 28.8 D  
Stock Options   (4) 07/10/2013 Ordinary Shares 6,200 $ 21.2 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Newman Steven L
4 GREENWAY PLAZA
HOUSTON, TX 77046		       Sr. VP, HR, IPS & Treasury  

Signatures

William E. Turcotte by Power of Attorney 03/04/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(1) Represent grant of 2,100 unvested restricted shares under the issuer's Long-Term Incentive Plan which vest as follows: 700 on 2/09/2006, 700 on 2/09/2007 and 700 on 2/09/2008.
(2) The options are fully vested and exercisable.
(3) The options vest in equal installments on 7/10/2003, 7/10/2004 and 7/10/2005.
(4) The options vest in equal installments on 7/10/2004, 7/10/2005 and 7/10/2006.

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