Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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 *
CAHUZAC JEAN
   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)
President
(Last)
(First)
(Middle)
4 GREENWAY PLAZA		 3. Date of Earliest Transaction (Month/Day/Year)
01/03/2007
(Street)

HOUSTON, TX 77046		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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 01/03/2007   M(1)   101 A $ 28.12 51,357 D  
Ordinary Shares 01/03/2007   S(1)   101 D $ 78.79 51,256 D  
Ordinary Shares 01/03/2007   M(1)   366 A $ 28.12 51,622 D  
Ordinary Shares 01/03/2007   S(1)   366 D $ 78.78 51,256 D  
Ordinary Shares 01/03/2007   M(1)   424 A $ 28.12 51,680 D  
Ordinary Shares 01/03/2007   S(1)   424 D $ 78.77 51,256 D  
Ordinary Shares 01/03/2007   M(1)   152 A $ 28.12 51,408 D  
Ordinary Shares 01/03/2007   S(1)   152 D $ 78.76 51,256 D  
Ordinary Shares 01/03/2007   M(1)   100 A $ 28.12 21,356 D  
Ordinary Shares 01/03/2007   S(1)   100 D $ 78.75 51,256 D  
Ordinary Shares 01/03/2007   M(1)   32 A $ 28.12 51,288 D  
Ordinary Shares 01/03/2007   S(1)   32 D $ 78.73 51,256 D  
Ordinary Shares 01/03/2007   M(1)   298 A $ 28.12 51,554 D  
Ordinary Shares 01/03/2007   S(1)   298 D $ 78.72 51,256 D  
Ordinary Shares 01/03/2007   M(1)   70 A $ 28.12 51,326 D  
Ordinary Shares 01/03/2007   S(1)   70 D $ 78.71 51,256 D  
Ordinary Shares 01/03/2007   M(1)   70 A $ 28.12 51,326 D  
Ordinary Shares 01/03/2007   S(1)   70 D $ 78.69 51,256 D  
Ordinary Shares 01/03/2007   M(1)   597 A $ 28.12 51,853 D  
Ordinary Shares 01/03/2007   S(1)   597 D $ 78.68 51,256 D  
Ordinary Shares 01/03/2007   M(1)   133 A $ 28.12 51,389 D  
Ordinary Shares 01/03/2007   S(1)   133 D $ 78.67 51,256 D  
Ordinary Shares 01/03/2007   M(1)   26 A $ 28.12 51,282 D  
Ordinary Shares 01/03/2007   S(1)   26 D $ 78.66 51,256 D  
Ordinary Shares 01/03/2007   M(1)   166 A $ 28.12 51,422 D  
Ordinary Shares 01/03/2007   S(1)   166 D $ 78.65 51,256 D  
Ordinary Shares 01/03/2007   M(1)   367 A $ 28.12 51,623 D  
Ordinary Shares 01/03/2007   S(1)   367 D $ 78.64 51,256 D  
Ordinary Shares               1,294 I By Issuer Employee Stock Purchase Plan

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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 Underlying Securities
(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 of Derivative Security: 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 $ 28.12 01/03/2007   M     101   (2) 07/07/2014 Ordinary Shares 101 $ 0 $ 23,786 D  
Stock Options $ 28.12 01/03/2007   M     366   (2) 07/07/2014 Ordinary Shares 366 $ 0 $ 23,420 D  
Stock Options $ 28.12 01/03/2007   M     424   (2) 07/07/2014 Ordinary Shares 424 $ 0 $ 22,996 D  
Stock Options $ 28.12 01/03/2007   M     152   (2) 07/07/2014 Ordinary Shares 152 $ 0 $ 22,844 D  
Stock Options $ 28.12 01/03/2007   M     100   (2) 07/07/2014 Ordinary Shares 100 $ 0 $ 22,744 D  
Stock Options $ 28.12 01/03/2007   M     32   (2) 07/07/2014 Ordinary Shares 32 $ 0 $ 22,712 D  
Stock Options $ 28.12 01/03/2007   M     298   (2) 07/07/2014 Ordinary Shares 298 $ 0 $ 22,414 D  
Stock Options $ 28.12 01/03/2007   M     70   (2) 07/07/2014 Ordinary Shares 70 $ 0 $ 22,344 D  
Stock Options $ 28.12 01/03/2007   M     70   (2) 07/07/2014 Ordinary Shares 70 $ 0 $ 22,274 D  
Stock Options $ 28.12 01/03/2007   M     597   (2) 07/07/2014 Ordinary Shares 597 $ 0 $ 21,677 D  
Stock Options $ 28.12 01/03/2007   M     133   (2) 07/07/2014 Ordinary Shares 133 $ 0 $ 21,544 D  
Stock Options $ 28.12 01/03/2007   M     26   (2) 07/07/2014 Ordinary Shares 26 $ 0 $ 21,518 D  
Stock Options $ 28.12 01/03/2007   M     166   (2) 07/07/2014 Ordinary Shares 166 $ 0 $ 21,352 D  
Stock Options $ 28.12 01/03/2007   M     367   (2) 07/07/2014 Ordinary Shares 367 $ 0 $ 20,985 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
CAHUZAC JEAN
4 GREENWAY PLAZA
HOUSTON, TX 77046		       President  

Signatures

 William E. Turcotte by Power of Attorney   01/05/2007
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) The transactions reported in this Form 4 were effected pursuant to a Rule 10b-5 trading plan adopted by the reporting person on May 16,2006.
(2) On July 8, 2004, the reporting person was awarded a contingent, performance based grant of 67,900 stock options, which were subject to the satisfaction of certain performance criteria based upon specified peer groups. Depending upon the issuer's performance within the peer groups, the reporting person could earn some, all or none of the options. The issuer's actual performance resulted in options to purchase 48,209 shares being earned, which vest as follows: 16,069 on April 11, 2006, 16,070 on January 1, 2007 and 16,070 on January 1, 2008.

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