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under the Exchange Act (17&#160;CFR&#160;240.14d-2(b))</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:4pt 0pt 0pt 0pt;"><ix:nonNumeric format="ixt-sec:boolballotbox" contextRef="Duration_2_22_2023_To_2_22_2023_Hgp7qTV8IEqfcMTfSaReDQ" name="dei:PreCommencementIssuerTenderOffer" id="Narr_z2JSFwvgs0KAsCu8UueQCQ"><span style="font-family:'Segoe UI Symbol';font-size:9pt;">&#9744;</span></ix:nonNumeric><span style="font-family:'Arial Narrow';font-size:9pt;white-space:pre-wrap;">  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="font-family:'Arial Narrow';font-size:9pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-indent:18pt;margin:4pt 0pt 0pt 0pt;"><span style="font-family:'Arial 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style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:top;width:40%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td></tr><tr><td style="vertical-align:top;width:39.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial Narrow';font-size:9pt;text-align:center;text-indent:0pt;margin:2pt 0pt 0pt 0pt;">Title of each class</p></td><td style="vertical-align:top;width:20%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial Narrow';font-size:9pt;text-align:center;text-indent:0pt;margin:2pt 0pt 0pt 0pt;">Trading symbol</p></td><td style="vertical-align:top;width:40%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial Narrow';font-size:9pt;text-align:center;text-indent:0pt;margin:2pt 0pt 0pt 0pt;">Name of each exchange on which registered</p></td></tr><tr><td style="vertical-align:top;width:39.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial Narrow';font-size:9pt;text-align:center;text-indent:0pt;margin:2pt 0pt 0pt 0pt;"><ix:nonNumeric contextRef="Duration_2_22_2023_To_2_22_2023_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_TmglK69qtkG21IJNgBfxbg" name="dei:Security12bTitle" id="Narr_ytmfko_juk6EvGx71ryAYA">Shares</ix:nonNumeric>, CHF 0.10 par value</p></td><td style="vertical-align:top;width:20%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial Narrow';font-size:9pt;text-align:center;text-indent:0pt;margin:2pt 0pt 0pt 0pt;"><ix:nonNumeric contextRef="Duration_2_22_2023_To_2_22_2023_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_TmglK69qtkG21IJNgBfxbg" name="dei:TradingSymbol" id="Tc_6FbPC0aJgE-OVwvDgJzw-A_2_1">RIG</ix:nonNumeric></p></td><td style="vertical-align:top;width:40%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial Narrow';font-size:9pt;text-align:center;text-indent:0pt;margin:2pt 0pt 0pt 0pt;"><ix:nonNumeric format="ixt-sec:exchnameen" contextRef="Duration_2_22_2023_To_2_22_2023_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_TmglK69qtkG21IJNgBfxbg" name="dei:SecurityExchangeName" id="Tc_HEMa_oKp_keO8FZFIuu2PA_2_2">New York Stock Exchange</ix:nonNumeric></p></td></tr><tr><td style="vertical-align:top;width:39.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial Narrow';font-size:9pt;text-align:center;text-indent:0pt;margin:2pt 0pt 0pt 0pt;"><ix:nonNumeric contextRef="Duration_2_22_2023_To_2_22_2023_us-gaap_StatementClassOfStockAxis_rig_SeniorUnsecuredExchangeableBonds0.5PercentMember_PM-2N4tZi0qP1ZACsCdFzQ" name="dei:Security12bTitle" id="Tc_kcnrPpQueEaG4Kn6H008yw_3_0">0.50% Exchangeable Senior Bonds due 2023</ix:nonNumeric></p></td><td style="vertical-align:top;width:20%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial Narrow';font-size:9pt;text-align:center;text-indent:0pt;margin:2pt 0pt 0pt 0pt;"><ix:nonNumeric contextRef="Duration_2_22_2023_To_2_22_2023_us-gaap_StatementClassOfStockAxis_rig_SeniorUnsecuredExchangeableBonds0.5PercentMember_PM-2N4tZi0qP1ZACsCdFzQ" name="dei:TradingSymbol" id="Tc_Eb3MEAnH2E6lt0lj4s2-8A_3_1">RIG/23</ix:nonNumeric></p></td><td style="vertical-align:top;width:40%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial Narrow';font-size:9pt;text-align:center;text-indent:0pt;margin:2pt 0pt 0pt 0pt;"><ix:nonNumeric format="ixt-sec:exchnameen" contextRef="Duration_2_22_2023_To_2_22_2023_us-gaap_StatementClassOfStockAxis_rig_SeniorUnsecuredExchangeableBonds0.5PercentMember_PM-2N4tZi0qP1ZACsCdFzQ" name="dei:SecurityExchangeName" id="Tc_Eu2pbkwiQEaih6ZMqQlOIg_3_2">New York Stock Exchange</ix:nonNumeric></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:4pt 0pt 0pt 0pt;"><span style="font-family:'Arial Narrow';font-size:9pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-indent:18pt;margin:4pt 0pt 0pt 0pt;"><span style="font-family:'Arial Narrow';">Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:4pt 0pt 0pt 0pt;"><span style="font-family:'Arial Narrow';font-size:9pt;">Emerging growth company </span><ix:nonNumeric format="ixt-sec:boolballotbox" contextRef="Duration_2_22_2023_To_2_22_2023_Hgp7qTV8IEqfcMTfSaReDQ" name="dei:EntityEmergingGrowthCompany" id="Narr_mVaSwD6JlkCEOaITnEM9HA"><span style="font-family:'Segoe UI Symbol';font-size:9pt;">&#9744;</span></ix:nonNumeric></p><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-indent:18pt;margin:4pt 0pt 0pt 0pt;"><span style="font-family:'Arial Narrow';">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </span><span style="font-family:'Segoe UI Symbol';">&#9744;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:4pt 0pt 0pt 0pt;"><span style="font-family:'Arial Narrow';font-size:9pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="display:none;line-height:0pt;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:0pt;visibility:hidden;">&#8203;</span></p></div></div>
<div style="background-color:#000000;clear:both;height:2pt;page-break-after:always;width:82.35%;border:0;margin:30pt 8.82% 30pt 8.82%;"></div><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><a id="_12527440_5305_45b9_acec_123eaa3e1a10"></a><p style="font-family:'Arial Narrow';font-size:11pt;font-weight:bold;padding-left:54pt;text-indent:-54pt;margin:15pt 0pt 6pt 0pt;"><b style="font-weight:bold;white-space:pre-wrap;">Item 7.01.  Regulation FD Disclosure</b></p><p style="font-family:'Arial Narrow';font-size:10pt;text-align:justify;text-indent:36pt;margin:3pt 0pt 6pt 0pt;">Furnished as Exhibit&#160;99.1 to this Current Report on Form&#160;8-K are the Company&#8217;s consolidated Swiss statutory financial statements, which comprise the consolidated balance sheets as of December&#160;31, 2022 and 2021 and the related consolidated statements of operations, comprehensive income (loss), equity, and cash flows and notes thereto for each of the three&#160;years in the period ended December&#160;31, 2022, which financial statements and reports thereon are incorporated herein by reference.</p><p style="font-family:'Arial Narrow';font-size:10pt;text-align:justify;text-indent:36pt;margin:3pt 0pt 6pt 0pt;">Furnished as Exhibit&#160;99.2 to this Current Report on Form&#160;8-K are the Company&#8217;s standalone Swiss statutory financial statements, which comprise the statement of operations, balance sheet and notes for the year ended December&#160;31, 2022, which financial statements and reports thereon are incorporated herein by reference.</p><p style="font-family:'Arial Narrow';font-size:10pt;text-align:justify;text-indent:36pt;margin:3pt 0pt 6pt 0pt;">The information in this Current Report on Form 8-K is being &#8220;furnished&#8221; pursuant to Item 7.01 and shall not be deemed to be &#8220;filed&#8221; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and is not incorporated by reference into any Company filing, whether made before or after the date hereof, regardless of any general incorporation language in such filing.</p><p style="font-family:'Arial Narrow';font-size:11pt;font-weight:bold;padding-left:54pt;text-indent:-54pt;margin:15pt 0pt 6pt 0pt;"><b style="font-weight:bold;white-space:pre-wrap;">Item 9.01.  Financial Statements and Exhibits</b></p><p style="font-family:'Arial Narrow';font-size:10pt;font-weight:bold;text-align:justify;margin:12pt 0pt 3pt 0pt;">(d) &#160;Exhibits</p><p style="font-family:'Arial Narrow';font-size:10pt;text-align:justify;text-indent:36pt;margin:3pt 0pt 6pt 0pt;">The exhibits to this report furnished pursuant to Item&#160;9.01 are as follows:</p><p style="font-family:'Arial Narrow';font-size:10pt;text-align:justify;text-indent:36pt;margin:3pt 0pt 6pt 0pt;"><span style="visibility:hidden;">&#8203;</span></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;width:100%;"><tr style="height:1pt;"><td style="vertical-align:top;width:8.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="font-family:'Arial Narrow';font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:top;width:91.66%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="font-family:'Arial Narrow';font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td></tr><tr><td style="vertical-align:top;width:8.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;margin:0pt;"><b style="font-family:'Arial Narrow';font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Number</b></p></td><td style="vertical-align:top;width:91.66%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:justify;margin:0pt;"><b style="font-family:'Arial Narrow';font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Description</b></p></td></tr><tr><td style="vertical-align:top;width:8.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:3pt 0pt 0pt 0pt;"><span style="font-family:'Arial Narrow';">99.1</span></p></td><td style="vertical-align:top;width:91.66%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><a style="-sec-extract:exhibit;font-family:&quot;'Arial Narrow'&quot;;" href="rig-20230222xex99d1.htm"><span style="font-family:'Arial Narrow';font-style:normal;font-weight:normal;">Consolidated Swiss statutory financial statements of Transocean&#160;Ltd. and its subsidiaries, which comprise the consolidated balance sheets as of December&#160;31, 2022 and 2021 and the related consolidated statements of operations, comprehensive income (loss), equity, and cash flows and notes thereto for each of the three&#160;years in the period ended December&#160;31, 2022</span></a></p></td></tr><tr><td style="vertical-align:top;width:8.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:3pt 0pt 0pt 0pt;"><span style="font-family:'Arial Narrow';">99.2</span></p></td><td style="vertical-align:top;width:91.66%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:3pt 0pt 0pt 0pt;"><span style="display:inline-block;text-align:left;text-indent:0pt;width:-320.97pt;"></span><a style="-sec-extract:exhibit;font-family:&quot;'Arial Narrow'&quot;;" href="rig-20230222xex99d2.htm"><span style="font-family:'Arial Narrow';font-style:normal;font-weight:normal;">Standalone Swiss statutory financial statements of Transocean Ltd., which comprise the statement of operations, balance sheet and notes for the year ended December&#160;31, 2022</span></a></p></td></tr><tr><td style="vertical-align:top;width:8.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:3pt 0pt 0pt 0pt;"><span style="font-family:'Arial Narrow';">101</span></p></td><td style="vertical-align:top;width:91.66%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:3pt 0pt 0pt 0pt;"><span style="display:inline-block;text-align:left;text-indent:0pt;width:-38.79pt;"></span><span style="font-family:'Arial Narrow';">Interactive data files pursuant to Rule 405 of Regulation S-T formatted in Inline Extensible Business Reporting Language</span></p></td></tr><tr><td style="vertical-align:top;width:8.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="font-family:'Arial Narrow';">104</span></p></td><td style="vertical-align:top;width:91.66%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="font-family:'Arial Narrow';">Cover Page Interactive Data File (formatted as inline XBRL)</span></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-family:'Arial Narrow';visibility:hidden;">&#8203;</span></p></div></div>
<div style="background-color:#000000;clear:both;height:2pt;page-break-after:always;width:79.3%;border:0;margin:30pt 10.35% 30pt 10.35%;"></div><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.71;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Arial Narrow';font-size:11pt;font-weight:bold;padding-left:54pt;text-indent:-54pt;margin:0pt 0pt 6pt 0pt;">SIGNATURES</p><p style="font-family:'Arial Narrow';font-size:10pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:3pt 0pt 6pt 0pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.</p><p style="font-family:'Arial Narrow';font-size:10pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:3pt 0pt 6pt 0pt;"><span style="visibility:hidden;">&#8203;</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:top;width:4.61%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:top;width:45.38%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-family:'Arial Narrow';visibility:hidden;">&#8203;</span></p></td><td colspan="2" style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-family:'Arial Narrow';">TRANSOCEAN LTD.</span></p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-family:'Arial Narrow';visibility:hidden;">&#8203;</span></p></td><td colspan="2" style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-family:'Arial Narrow';visibility:hidden;">&#8203;</span></p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 3pt 0pt 0pt;"><span style="font-family:'Arial Narrow';margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:4.61%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 3pt 0pt 0pt;"><span style="font-family:'Arial Narrow';margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:45.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 3pt 0pt 0pt;"><span style="font-family:'Arial Narrow';margin-right:0pt;visibility:hidden;">&#8203;</span></p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 3pt 0pt 0pt;"><span style="font-family:'Arial Narrow';">Date: February&#160;22, 2023</span></p></td><td style="vertical-align:top;width:4.61%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 3pt 0pt 0pt;"><span style="font-family:'Arial Narrow';">By</span></p></td><td style="vertical-align:top;width:45.38%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 3pt 0pt 0pt;"><span style="font-family:'Arial Narrow';">/s/ Daniel Ro-Trock</span></p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 3pt 0pt 0pt;"><span style="font-family:'Arial Narrow';margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:4.61%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 3pt 0pt 0pt;"><span style="font-family:'Arial Narrow';margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:45.38%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 3pt 0pt 0pt;"><span style="font-family:'Arial Narrow';">Daniel Ro-Trock</span></p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 3pt 0pt 0pt;"><span style="font-family:'Arial Narrow';margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:4.61%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 3pt 0pt 0pt;"><span style="font-family:'Arial Narrow';margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:45.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 3pt 0pt 0pt;"><span style="font-family:'Arial Narrow';">Authorized Person</span></p></td></tr></table><p style="font-family:'Arial Narrow';font-size:10pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt;"><span style="font-size:1pt;margin-bottom:6pt;margin-top:3pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Arial Narrow';font-size:10pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:3pt 0pt 6pt 0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-family:'Arial Narrow';visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-family:'Arial Narrow';visibility:hidden;">&#8203;</span></p></div></div>
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{"company-data": {"conformed-name": "Transocean Ltd.", "cik": "0001451505", "assigned-sic": "1381", "irs-number": "980599916", "state-of-incorporation": "V8", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-38373", "film-number": "23655426"}, "business-address": {"street1": "TURMSTRASSE 30", "city": "STEINHAUSEN", "state": "V8", "zip": "6312", "phone": "41 41 749 0500"}, "mail-address": {"street1": "TURMSTRASSE 30", "city": "STEINHAUSEN", "state": "V8", "zip": "6312"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
​
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (date of earliest event reported):
February 22, 2023
TRANSOCEAN LTD.
(Exact name of registrant as specified in its charter)
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​
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​
Switzerland
001-38373
98-0599916
(State or other jurisdiction of incorporation or organization)
(Commission file number)
(I.R.S. Employer Identification No.)
​
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Turmstrasse 30
Steinhausen
,
Switzerland
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CH-6312
(Address of principal executive offices)
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(Zip Code)
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+41 (41)
749-0500
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (
see
General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Securities Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
​
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
Trading symbol
Name of each exchange on which registered
Shares
, CHF 0.10 par value
RIG
New York Stock Exchange
0.50% Exchangeable Senior Bonds due 2023
RIG/23
New York Stock Exchange
​
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
​
​
Item 7.01.  Regulation FD Disclosure
Furnished as Exhibit 99.1 to this Current Report on Form 8-K are the Company's consolidated Swiss statutory financial statements, which comprise the consolidated balance sheets as of December 31, 2022 and 2021 and the related consolidated statements of operations, comprehensive income (loss), equity, and cash flows and notes thereto for each of the three years in the period ended December 31, 2022, which financial statements and reports thereon are incorporated herein by reference.
Furnished as Exhibit 99.2 to this Current Report on Form 8-K are the Company's standalone Swiss statutory financial statements, which comprise the statement of operations, balance sheet and notes for the year ended December 31, 2022, which financial statements and reports thereon are incorporated herein by reference.
The information in this Current Report on Form 8-K is being "furnished" pursuant to Item 7.01 and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and is not incorporated by reference into any Company filing, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
Item 9.01.  Financial Statements and Exhibits
(d)  Exhibits
The exhibits to this report furnished pursuant to Item 9.01 are as follows:
​
​
​
Number
Description
99.1
Consolidated Swiss statutory financial statements of Transocean Ltd. and its subsidiaries, which comprise the consolidated balance sheets as of December 31, 2022 and 2021 and the related consolidated statements of operations, comprehensive income (loss), equity, and cash flows and notes thereto for each of the three years in the period ended December 31, 2022
99.2
Standalone Swiss statutory financial statements of Transocean Ltd., which comprise the statement of operations, balance sheet and notes for the year ended December 31, 2022
101
Interactive data files pursuant to Rule 405 of Regulation S-T formatted in Inline Extensible Business Reporting Language
104
Cover Page Interactive Data File (formatted as inline XBRL)
​
​
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
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TRANSOCEAN LTD.
​
​
​
​
​
Date: February 22, 2023
By
/s/ Daniel Ro-Trock
​
​
Daniel Ro-Trock
​
​
Authorized Person
​
​
​
​