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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">As filed with the Securities and Exchange
Commission on November 28, 2007</font></b></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Registration No. 333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></p>

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<p align="right" style="border:none;margin:0in 0in .0001pt;padding:0in;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:16.0pt;font-weight:bold;">UNITED STATES</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:16.0pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></b></p>

<p align="center" style="margin:0in 0in 6.0pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Washington,
D.C. 20549</font></b></p>

<div align="center" style="margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:16.0pt;font-weight:bold;">FORM S-8</font></b></p>

<p align="center" style="margin:0in 0in 6.0pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">REGISTRATION
STATEMENT UNDER THE SECURITIES ACT OF 1933</font></b></p>

<div align="center" style="margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:16.0pt;font-weight:bold;">TRANSOCEAN INC.</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(Exact name of registrant as specified in its charter)</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="102%" style="border-collapse:collapse;width:102.3%;">
 <tr>
  <td width="319" valign="top" style="padding:0in 0in 0in 0in;width:239.4pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Cayman Islands</font></b></p>
  </td>
  <td width="319" valign="top" style="padding:0in 0in 0in 0in;width:239.4pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">66-0582307</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="319" valign="top" style="padding:0in 0in 0in 0in;width:239.4pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(State or other jurisdiction of</font></p>
  </td>
  <td width="319" valign="top" style="padding:0in 0in 0in 0in;width:239.4pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(I.R.S. Employer</font></p>
  </td>
 </tr>
 <tr>
  <td width="319" valign="top" style="padding:0in 0in 0in 0in;width:239.4pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">incorporation or organization)</font></p>
  </td>
  <td width="319" valign="top" style="padding:0in 0in 0in 0in;width:239.4pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Identification No.)</font></p>
  </td>
 </tr>
</table>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">4 Greenway Plaza</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Houston, Texas&#160;
77046</font></b></p>

<p align="center" style="margin:0in 0in 6.0pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(Address of
principal executive offices and zip code)</font></p>

<div align="center" style="margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p align="center" style="margin:4.5pt 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">GLOBAL
MARINE INC. 1989 STOCK OPTION AND INCENTIVE PLAN</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;"><br>
GLOBAL MARINE INC. 1990 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN</font></b></p>

<p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;"><br>
SANTA FE INTERNATIONAL CORPORATION 1997 LONG-TERM INCENTIVE PLAN</font></b></p><p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p><p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">GLOBALSANTAFE CORPORATION 1998 STOCK OPTION AND INCENTIVE PLAN</font></b></p><p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p><p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">GLOBALSANTAFE CORPORATION 2001 NON-EMPLOYEE DIRECTOR</font></b></p><p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">STOCK OPTION AND INCENTIVE PLAN</font></b></p><p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p><p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">GLOBALSANTAFE CORPORATION 2001 LONG-TERM INCENTIVE PLAN</font></b></p><p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p><p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">GLOBALSANTAFE CORPORATION 2003 LONG-TERM INCENTIVE PLAN</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(Full title of the plans)</font></p>

<div align="center" style="margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Eric B. Brown</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Senior Vice President and General Counsel</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Transocean Inc.</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">4 Greenway Plaza</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Houston, Texas&#160;
77046</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">(713) 232-7500</font></b></p>

<p align="center" style="margin:3.0pt 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(Name, address and telephone number, including area code, of agent for
service)</font></p>

<p align="center" style="margin:3.0pt 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">CALCULATION OF REGISTRATION FEE</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="26%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:26.34%;">
  <p align="center" style="margin:0in 0in .0001pt 10.0pt;text-align:center;text-indent:-10.0pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Title of securities to be
  registered</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:1.32%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:1.32%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:11.8%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Amount to be<br>
  registered (1)</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:1.32%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:1.32%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="17%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:17.06%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Proposed maximum<br>
  offering price per<br>
  share (2)</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:1.32%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:1.32%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="18%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:18.8%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Proposed maximum<br>
  aggregate offering<br>
  price (2)</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:1.14%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:1.14%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="13%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:13.52%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Amount of registration fee</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="26%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:26.34%;">
  <p align="left" style="margin:0in 0in .0001pt 10.0pt;text-align:left;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Ordinary Shares, par value $.01 per share</font></p>
  </td>
  <td width="1%" valign="bottom" style="border-bottom:double windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in .7pt 0in .7pt;width:1.32%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:1.32%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:11.8%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,404,546</font></p>
  </td>
  <td width="1%" valign="bottom" style="border-bottom:double windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in .7pt 0in .7pt;width:1.32%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:1.32%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:17.06%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">$122.42</font></p>
  </td>
  <td width="1%" valign="bottom" style="border-bottom:double windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in .7pt 0in .7pt;width:1.32%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:1.32%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:18.8%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">$171,944,521</font></p>
  </td>
  <td width="1%" valign="bottom" style="border-bottom:double windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in .7pt 0in .7pt;width:1.14%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:1.14%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:13.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">$5,279 (3)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.28%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in 12.0pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Pursuant to Rule 416 under the Securities
Act of 1933, there is also registered hereunder such additional </font><font size="1" style="font-size:9.0pt;">indeterminate number of the registrant&#146;s
ordinary shares as may be required as a result of share splits, share dividends
or similar transactions.</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(2)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:9.0pt;">Estimated pursuant to Rules&nbsp;457(c)
and (h) solely for the purpose of computing the registration fee and based upon
the average of the high and low sales prices of the ordinary shares reported on
the New York Stock Exchange Composite Tape on November 21, 2007.</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(3)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:9.0pt;">This Registration Statement on Form S-8
relates to 1,404,546 ordinary shares of the registrant, par value $0.01 per
share, (4,847 shares under the Global Marine Inc. 1989 Stock Option Plan, as
amended, 11,705 shares under the Global Marine Inc. 1990 Non-Employee Director
Stock Option Plan, as amended, 37,414 shares under the Santa Fe International
Corporation 1997 Long-Term Incentive Plan, as amended, 293,302 shares under the
GlobalSantaFe Corporation 1998 Stock Option and Incentive Plan, as amended, 28,827
shares under the GlobalSantaFe Corporation 2001 Non-Employee Director Stock
Option and Incentive Plan, 125,974 shares under the GlobalSantaFe Corporation
2001 Long-Term Incentive Plan and 902,477 shares under the GlobalSantaFe
Corporation 2003 Long-Term Incentive Plan, as amended).&#160; The registration fee in respect of such
ordinary shares was paid at the time of the filing of a preliminary joint proxy
statement by the registrant and GlobalSantaFe Corporation on September 4,
2007.&#160; Accordingly, pursuant to Rule
457(b), no additional fee is being paid with this registration statement.</font></p>

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<p align="left" style="margin:0in 0in .0001pt 3.0in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p align="center" style="margin:0in 0in 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p align="center" style="margin:0in 0in 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">INTRODUCTORY
STATEMENT</font></b></p>

<p align="left" style="margin:0in 0in 12.0pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Transocean Inc. (the &#147;Company&#148;)
is filing this Registration Statement on Form S-8 (the &#147;Registration Statement&#148;)
relating to its ordinary shares, par value $0.01 per share (the &#147;Ordinary
Shares&#148;), which may be offered and sold pursuant to the Global Marine Inc. 1989
Stock Option and Incentive Plan, as amended; the Global Marine Inc. 1990
Non-Employee Director Stock Option Plan, as amended;&#160; the Santa Fe International Corporation 1997
Long-Term Incentive Plan, as amended; the GlobalSantaFe Corporation 1998 Stock
Option and Incentive Plan, as amended; the GlobalSantaFe Corporation 2001
Non-Employee Director Stock Option and Incentive Plan; the GlobalSantaFe
Corporation 2001 Long-Term Incentive Plan; and the GlobalSantaFe Corporation 2003
Long-Term Incentive Plan, as amended (collectively, the &#147;Plans&#148;).</font></p>

<p align="left" style="margin:0in 0in 12.0pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On November 27, 2007,
pursuant to an Agreement and Plan of Merger (the &#147;Merger Agreement&#148;) dated as
of July 21, 2007 by and among the Company, GlobalSantaFe Corporation, a company
organized under the laws of the Cayman Islands (&#147;GlobalSantaFe&#148;), and
Transocean Worldwide Inc., a company organized under the laws of the Cayman
Islands and a direct, wholly-owned subsidiary of the Company (&#147;Merger Sub&#148;),
among other things (a) the Company reclassified each of its outstanding
Ordinary Shares into 0.6996 Ordinary Shares and $33.03 in cash (the &#147;Reclassification&#148;),
(b) GlobalSantaFe was merged with Merger Sub (the &#147;Merger&#148; and, together with
the Reclassification, the &#147;Transactions&#148;) by way of a scheme of arrangement
qualifying as an amalgamation, with Merger Sub as the surviving entity, and
each outstanding ordinary share, par value $0.01, of GlobalSantaFe was
converted into the right to receive 0.4757 Ordinary Shares and $22.46 in cash,
(c) the Company assumed GlobalSantaFe&#146;s obligations under the Plans, and
Ordinary Shares became purchasable or otherwise issuable thereunder in lieu of
GlobalSantaFe ordinary shares and (d) outstanding options to purchase
GlobalSantaFe ordinary shares (the &#147;Options&#148;) and GlobalSantaFe stock-settled
stock appreciation rights (&#147;SARs&#148;) were assumed by the Company and became
exercisable for Ordinary Shares.</font></p>

<h1 align="center" style="font-weight:bold;margin:0in 0in 12.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">PART
I<br>
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</font></b></h1>

<p align="left" style="margin:0in 0in 12.0pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Note:&#160; The document(s) containing the employee
benefit plan information required by Item 1 of Form S-8 and the statement of
availability of registrant information and any other information required by
Item 2 of Form S-8 will be sent or given to participants as specified by Rule
428 under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;).&#160; In accordance with Rule 428 and the
requirements of Part I of Form S-8, such documents are not being filed with the
Securities and Exchange Commission (the &#147;Commission&#148;) either as part of this
Registration Statement or as prospectuses or prospectus supplements pursuant to
Rule 424 under the Securities Act.&#160; The
registrant shall maintain a file of such documents in accordance with the
provisions of Rule 428.&#160; Upon request,
the registrant shall furnish to the Commission or its staff a copy or copies of
all of the documents included in such file.</font></p>

<h1 align="center" style="font-weight:bold;margin:0in 0in 12.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:normal;">&nbsp;</font></b></h1>

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<h1 align="center" style="font-weight:bold;margin:0in 0in 12.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">PART
II<br>
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</font></b></h1>

<h2 align="left" style="font-size:10.0pt;font-weight:normal;margin:0in 0in 12.0pt .5in;text-align:left;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 3.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i>Incorporation of Documents by Reference</i>.</b></h2>

<p align="left" style="margin:0in 0in 12.0pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Registration
Statement incorporates herein by reference the following documents which have
been filed with the Commission by the Company (SEC File No. 333-75899) pursuant
to the Securities Act and the Exchange Act:</font></p>

<h3 align="left" style="font-weight:normal;margin:0in 0in 12.0pt .5in;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The description of
the Ordinary Shares contained in the Company&#146;s Current Report on Form 8-K filed
with the Commission on May&nbsp;17, 1999, as amended by the Company&#146;s Current
Report on Form 8-K/A filed with the Commission on November 27, 2007;</font></h3>

<h3 align="left" style="font-weight:normal;margin:0in 0in 12.0pt .5in;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Company&#146;s
Annual Report on Form 10-K for the fiscal year ended December&nbsp;31, 2006;</font></h3>

<h3 align="left" style="font-weight:normal;margin:0in 0in 12.0pt .5in;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Company&#146;s
Quarterly Reports on Form 10-Q for the quarters ended March 31, 2007,
June&nbsp;30, 2007 and September&nbsp;30, 2007; and</font></h3>

<h3 align="left" style="font-weight:normal;margin:0in 0in 12.0pt .5in;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Company&#146;s
Current Reports on Form 8-K and Form 8-K/A filed on February 14, 2007 (dated
February 7, 2007), March 6, 2007, April 11, 2007, June 4, 2007, July 23, 2007,
August 14, 2007, September 20, 2007, October 1, 2007, October 17, 2007, October
19, 2007, October 24, 2007, October 25, 2007, November 14, 2007, November 21,
2007 and November 27, 2007.&#160; </font></h3>

<p align="left" style="margin:0in 0in 12.0pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each document filed with
the Commission by the Company pursuant to Sections 13(a), 13(c), 14 or 15(d) of
the Exchange Act subsequent to the date of this Registration Statement and
prior to the filing of a post-effective amendment to this Registration
Statement which indicates that all securities offered hereby have been sold, or
which deregisters all securities then remaining unsold, shall be deemed to be
incorporated by reference in this Registration Statement and to be a part
hereof from the date of filing of such documents.</font></p>

<p align="left" style="margin:0in 0in 12.0pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any statement contained
in this Registration Statement, in an amendment hereto or in a document
incorporated by reference herein shall be deemed to be modified or superseded
for purposes of this Registration Statement to the extent that a statement
contained herein or in any subsequently filed amendment to this Registration
Statement or in any document that also is incorporated by reference herein
modifies or supersedes such statement.&#160;
Any statement so modified or superseded shall not be deemed, except as
so modified or superseded, to constitute a part of this Registration Statement.</font></p>

<h2 align="left" style="font-size:10.0pt;font-weight:normal;margin:0in 0in 12.0pt .5in;text-align:left;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 4.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i>Description of Securities</i></b>.</h2>

<p align="left" style="margin:0in 0in 12.0pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Not Applicable.</font></p>

<h2 align="left" style="font-size:10.0pt;font-weight:normal;margin:0in 0in 12.0pt .5in;text-align:left;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 5.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i>Interests of Named Experts and Counsel</i></b>.</h2>

<p align="left" style="margin:0in 0in 12.0pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Not Applicable.</font></p>

<h2 align="left" style="font-size:10.0pt;font-weight:normal;margin:0in 0in 12.0pt .5in;text-align:left;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 6.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i>Indemnification of Directors and Officers</i></b>.</h2>

<p style="margin:0in 0in 12.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Article 34.1 of the
registrant&#146;s Articles of Association provides that:</font></p>

<p style="margin:0in 0in 12.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No directors of the
registrant will be personally liable to the registrant or, if any, its members
for monetary damages for breach of fiduciary duty as a director, except for
liability (1) for any breach of the director&#146;s duty of loyalty to the
registrant or, if any, to its members, (2) for acts or&#160; omissions not in good faith or that involve
intentional misconduct or a knowing violation of law or (3) for any transaction
from which the director derived an improper personal benefit.</font></p>

<p align="center" style="margin:0in 0in 12.0pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in 12.0pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-1</font></p>

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<p style="margin:0in 0in 12.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The registrant will
indemnify, to the fullest extent permitted by the laws of the Cayman Islands as
from time to time in effect, if any, any person who was or is a party or is
threatened to be made a party to, or otherwise requires representation by
counsel in connection with, any threatened, pending or completed action, suit
or proceeding, whether civil, criminal, administrative or investigative
(whether or not an action by or in the right of the registrant) by reason of
the fact that he is or was a director or officer of the registrant, or, while
serving as a director or officer of the registrant, is or was serving at the
request of the registrant, as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise, or by
reason of any action alleged to have been taken or omitted in such capacity.
The right to indemnification conferred by Section 34.1 also includes the right
of such persons to be paid in advance by the registrant for their expenses to
the fullest extent permitted by the laws of the Cayman Islands as from time to
time in effect.</font></p>

<p style="margin:0in 0in 12.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Unless otherwise determined
by the registrant&#146;s board of directors, the registrant will indemnify to the
fullest extent permitted by the laws of the Cayman Islands as from time to time
in effect, if any, any person who was or is a party or is threatened to be made
a party to, or otherwise requires representation by counsel in connection with,
any threatened, pending or completed action, suit or proceeding, whether civil,
criminal, administrative or investigative (whether or not an action by or in
the right of the registrant), by reason of the fact that he is or was an
employee (other than an officer) or agent of the registrant, or is or was
serving at the request of the registrant as a director, officer, employee or
agent of another corporation, partnership, joint venture, trust or other
enterprise, or by reason of any action alleged to have been taken or omitted in
such capacity.</font></p>

<p style="margin:0in 0in 12.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The rights and authority
conferred by Section 34.1 are not exclusive of any other right that any person
has or hereafter acquires under any law, provision of the registrant&#146;s articles
of association or memorandum of association, agreement, vote of members of the
registrant or of the board of directors of the registrant or otherwise.</font></p>

<p style="margin:0in 0in 12.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The registrant also has
directors&#146; and officers&#146; liability insurance that would indemnify its directors
and officers against damages arising out of certain kinds of claims that might
be made against them based on their negligent acts or omissions while acting in
their capacity as such.</font></p>

<p style="margin:0in 0in 12.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Agreement and Plan of
Merger, dated as of July 21, 2007, by and among the registrant, Transocean
Worldwide Inc. and GlobalSantaFe Corporation (the &#147;Merger Agreement&#148;) provides
that, following the Transactions (as defined in the Merger Agreement), the
registrant will indemnify, defend and hold harmless, to the fullest extent
permitted under applicable law, (1) each person who is, or has been at any time
prior to the effective time of the Transactions, an officer or director of the
registrant or GlobalSantaFe or any of their subsidiaries or divisions and (2)
each person who served as a director, officer, trustee or fiduciary of another
corporation, partnership, joint venture, trust, pension or other employee
benefit plan or enterprise at the request of the registrant or GlobalSantaFe
against all losses, claims, damages, liabilities, costs or expenses, including
attorneys&#146; fees, judgments, fines, penalties and amounts paid in settlement in
connection with any claim, action, suit, proceeding or investigation that
arises out of or pertains to actual or alleged acts or omissions by them in the
capacities set forth in (1) and (2) above. The registrant&#146;s duty to indemnify,
defend and hold harmless applies whether or not such actions are commenced,
asserted or claimed prior to the effective time of the Transactions. In the
event of such claim, action, suit, proceeding or investigation, the registrant
is required to pay the fees and expenses of counsel selected by the party to be
indemnified, to the fullest extent permitted by applicable law in advance of
the final disposition of any such action and cooperate in the defense of any such
matter.</font></p>

<p style="margin:0in 0in 12.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Merger Agreement
provides that the rights to indemnification will survive the Transactions. The
Merger Agreement also provides that for a period of six years after the
effective time of the Transactions, the registrant will maintain officers&#146; and
directors&#146; liability insurance covering those individuals described in (1) and
(2) of the preceding paragraph who were covered prior to the effective time of
the Transactions by officers&#146; and directors&#146; liability insurance policies
maintained by the registrant and GlobalSantaFe on terms substantially no less
advantageous to those individuals than the existing insurance of the registrant
and GlobalSantaFe, provided that the registrant will not be required to pay
annual premiums in excess of 250% of the last premium paid by the registrant
prior to the date of the merger agreement, in which case the registrant will
purchase as much coverage as is reasonably practicable for that amount.</font></p>

<p align="center" style="margin:0in 0in 12.0pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in 12.0pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-2</font></p>

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<h2 align="left" style="font-size:10.0pt;font-weight:normal;margin:0in 0in 12.0pt .5in;page-break-after:avoid;text-align:left;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 7.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i>Exemption
from Registration Claimed.</i></b></h2>

<p align="left" style="margin:0in 0in 12.0pt;page-break-after:avoid;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Not Applicable.</font></p>

<h2 align="left" style="font-size:10.0pt;font-weight:normal;margin:0in 0in 12.0pt .5in;page-break-after:avoid;text-align:left;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 8.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i>Exhibits</i>.</b></h2>

<p align="left" style="margin:0in 0in 12.0pt;page-break-after:avoid;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
following documents are filed as a part of this Registration Statement or
incorporated by reference herein:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="3" face="Times New Roman">&nbsp;</font></p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;margin-left:3.0pt;width:100.66%;">
 <tr>
  <td width="34" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:25.5pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Exhibit<br>
  No.</font></b></p>
  </td>
  <td width="37" valign="bottom" style="padding:0in 0in 0in 0in;width:27.5pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="173" valign="bottom" style="padding:0in 0in 0in 0in;width:130.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="64" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Description</font></b></p>
  </td>
  <td width="304" valign="bottom" style="padding:0in 0in 0in 0in;width:228.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
</table>

</div>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="3" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="102%" style="border-collapse:collapse;width:102.3%;">
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.1*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Transocean Amended and Restated Memorandum of Association
  (incorporated herein by reference to Annex&nbsp;E to the Joint Proxy
  Statement of the Company and GlobalSantaFe filed on October&nbsp;3, 2007).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.2*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Transocean Amended and Restated Articles of Association (incorporated
  herein by reference to Annex F to the Joint Proxy Statement of the Company
  and GlobalSantaFe filed on October&nbsp;3, 2007).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.3*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Agreement and Plan of Merger dated as of July 21, 2007 among the
  Company, GlobalSantaFe Corporation and Transocean Worldwide Inc.
  (incorporated herein by reference to Annex A to the Joint Proxy Statement of
  the Company and GlobalSantaFe filed on October&nbsp;3, 2007).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.4*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Global Marine Inc. 1989 Stock Option and Incentive Plan (incorporated
  herein by reference to Exhibit 10.6 of Global Marine Inc.&#146;s Annual Report on
  Form 10-K (Commission File No. 1-5471) for the year ended December 31, 1988);
  First Amendment (incorporated herein by reference to Exhibit 10.6 of Global
  Marine Inc.&#146;s Annual Report on Form 10-K (Commission File No. 1-5471) for the
  year ended December 31, 1990); Second Amendment (incorporated herein by
  reference to Exhibit 10.7 of Global Marine Inc.&#146;s Annual Report on Form 10-K
  (Commission File No. 1-5471) for the year ended December 31, 1991); Third
  Amendment (incorporated herein by reference to Exhibit 10.19 of Global Marine
  Inc.&#146;s Annual Report on Form 10-K (Commission File No. 1-5471) for the year
  ended December 31, 1993); Fourth Amendment (incorporated herein by reference
  to Exhibit 10.16 of Global Marine Inc.&#146;s Annual Report on Form 10-K (Commission
  File No. 1-5471) for the year ended December 31, 1994); Fifth Amendment
  (incorporated herein by reference to Exhibit 10.1 of Global Marine Inc.&#146;s
  Quarterly Report on Form 10-Q (Commission File No. 1-5471) for the quarter
  ended June 30, 1996); Sixth Amendment (incorporated herein by reference to
  Exhibit 10.18 of Global Marine Inc.&#146;s Annual Report on Form 10-K (Commission
  File No. 1-5471) for the year ended December 31, 1996).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.5*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Global Marine Inc. 1990 Non-Employee Director Stock Option Plan
  (incorporated herein by reference to Exhibit 10.18 of Global Marine Inc.&#146;s
  Annual Report on Form 10-K (Commission File No. 1-5471) for the year ended
  December&nbsp;31, 1991); First Amendment (incorporated herein by reference to
  Exhibit 10.1 of Global Marine Inc.&#146;s Quarterly Report on Form 10-Q
  (Commission File No. 1-5471) for the quarter ended June&nbsp;30, 1995);
  Second Amendment (incorporated herein by reference to Exhibit 10.37 of Global
  Marine Inc.&#146;s Annual Report on Form 10-K (Commission File No. 1-5471) for the
  year ended December&nbsp;31, 1996).<br><br></font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="3" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-3</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='II-3',FILE='C:\JMS\tgreen\07-30178-1\task2546596\30178-1-ca.htm',USER='tgreen',CD='Nov 27 20:38 2007' -->


<br clear="all" style="page-break-before:always;">


<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="102%" style="border-collapse:collapse;width:102.3%;">
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.6*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1997 Long-Term Incentive Plan (incorporated herein by reference to
  GlobalSantaFe Corporation&#146;s Registration Statement on Form S-8 (No. 333-7070)
  filed June&nbsp;13, 1997); Amendment to 1997 Long Term Incentive Plan
  (incorporated herein by reference to GlobalSantaFe Corporation&#146;s Annual
  Report on Form&nbsp;20-F for the calendar year ended December&nbsp;31, 1998);
  Amendment to 1997 Long Term Incentive Plan dated December&nbsp;1, 1999
  (incorporated herein by reference to GlobalSantaFe Corporation&#146;s Annual
  Report on Form 20-F for the calendar year ended December&nbsp;31, 1999).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.7*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">GlobalSantaFe Corporation 1998 Stock Option and Incentive Plan
  (incorporated herein by reference to Exhibit 10.1 of Global Marine Inc.&#146;s
  Quarterly Report on Form 10-Q (Commission File No. 1-5471) for the quarter
  ended March 31, 1998); First Amendment (incorporated herein by reference to
  Exhibit 10.2 of Global Marine Inc.&#146;s Quarterly Report on Form 10-Q (Commission
  File No. 1-5471) for the quarter ended June 30, 2000).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.8*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Memorandum dated November 20, 2001, Regarding Grant of Restricted
  Stock under the GlobalSantaFe Corporation 1998 Stock Option and Incentive
  Plan, including Terms and Conditions of Restricted Stock (incorporated herein
  by reference to Exhibit 10.39 to GlobalSantaFe Corporation&#146;s Annual Report on
  Form 10-K for the year ended December&nbsp;31, 2001).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.9*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Notice of Grant of Stock Options used for stock option grants
  under the GlobalSantaFe Corporation 1998 Stock Option and Incentive Plan
  (incorporated herein by reference to Exhibit 10.41 to GlobalSantaFe
  Corporation&#146;s Annual Report on Form 10-K for the year ended December&nbsp;31,
  2001).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.10*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Memorandum dated March&nbsp;4, 2002, Regarding Grant of
  Performance-Based Restricted Units under the GlobalSantaFe Corporation 1998
  Stock Option and Incentive Plan to certain executive officers of the Company,
  respectively, including Terms and Conditions of Performance-Based Restricted
  Units (incorporated herein by reference to Exhibit 10.40 to GlobalSantaFe
  Corporation&#146;s Annual Report on Form 10-K for the year ended December&nbsp;31,
  2001).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.11*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">GlobalSantaFe Corporation 2001 Non-Employee Director Stock Option and
  Incentive Plan (incorporated herein by reference to the Company&#146;s
  Registration Statement on Form&nbsp;S-8 (No.&nbsp;333-73878) filed November
  21, 2001).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.12*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">GlobalSantaFe Corporation 2001 Long-Term Incentive Plan (incorporated
  herein by reference to Exhibit 10.1 to GlobalSantaFe Corporation&#146;s Quarterly
  Report on Form 10-Q for the quarter ended June&nbsp;30, 2001).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.13*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Notice of Grant of Stock Options used for stock option grants
  under the GlobalSantaFe Corporation 2001 Long-Term Incentive Plan
  (incorporated herein by reference to Exhibit&nbsp;10.41 to GlobalSantaFe
  Corporation&#146;s Annual Report on Form 10-K for the year ended December 31,
  2001).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.14*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Memorandum dated March 4, 2002, Regarding Grant of
  Performance-Based Restricted Units under the GlobalSantaFe Corporation 2001 Long-Term
  Incentive Plan to certain executive officers of the Company, respectively,
  including Terms and Conditions of Performance-Based Restricted Units
  (incorporated herein by reference to Exhibit 10.40 to GlobalSantaFe
  Corporation&#146;s Annual Report on Form 10-K for the year ended December 31,
  2001).</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="3" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-4</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='II-4',FILE='C:\JMS\tgreen\07-30178-1\task2546596\30178-1-ca.htm',USER='tgreen',CD='Nov 27 20:38 2007' -->


<br clear="all" style="page-break-before:always;">


<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="102%" style="border-collapse:collapse;width:102.3%;">
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.15*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Notice of Stock Option Grant to Non-Employee Directors under
  the GlobalSantaFe Corporation 2001 Long-Term Incentive Plan (incorporated herein
  by reference to Exhibit&nbsp;10.10g(3) to GlobalSantaFe Corporation&#146;s Annual
  Report on Form 10-K for the year ended December&nbsp;31, 2005).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.16*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">GlobalSantaFe 2003 Long-Term Incentive Plan (as Amended and Restated
  Effective June&nbsp;7, 2005) (incorporated herein by reference to Exhibit
  10.4 to GlobalSantaFe Corporation&#146;s Quarterly Report on Form 10-Q for the
  quarter ended June 30, 2005).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.17*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Forms of Memoranda Regarding Grant of Performance Units under the
  GlobalSantaFe 2003 Long-Term Incentive Plan to certain former executive
  officers of GlobalSantaFe Corporation, including terms and conditions for
  2003-2005 and 2004-2006 performance cycles (incorporated herein by reference
  to Exhibit 10.35 to GlobalSantaFe Corporation&#146;s Annual Report on Form 10-K
  for the year ended December&nbsp;31, 2003).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.18*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Notice of Grant of Stock Options for stock option grants
  under the GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated herein by
  reference to Exhibit&nbsp;10.37 to GlobalSantaFe Corporation&#146;s Annual Report
  on Form 10-K for the year ended December 31, 2003).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.19*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Notice of Stock Option Grant used for new stock option grants
  to non-employee directors under the GlobalSantaFe 2003 Long-Term Incentive
  Plan (incorporated herein by reference to Exhibit 10.38 to GlobalSantaFe
  Corporation&#146;s Annual Report on Form 10-K for the year ended December&nbsp;31,
  2003).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.20*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Notice of Grant for Non-Employee Director Restricted Stock
  Units under the GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated herein
  by reference to Exhibit&nbsp;10.1 to GlobalSantaFe Corporation&#146;s Quarterly
  Report on Form 10-Q for the quarter ended June&nbsp;30, 2004).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.21*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of the Notice of Grant of Stock Options under the GlobalSantaFe
  2003 Long-Term Incentive Plan (incorporated herein by reference to Exhibit
  10.3 to GlobalSantaFe Corporation&#146;s Current Report on Form 8-K filed with the
  Commission on March 2, 2005).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.22*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of the Notice of Grant of Performance Units under the
  GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated herein by reference
  to Exhibit 10.2 to GlobalSantaFe Corporation&#146;s Current Report on Form 8-K
  filed with the Commission on March 2, 2005).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.23*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of the Notice of Grant of Performance-Awarded Restricted Stock
  Units under the GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated
  herein by reference to Exhibit&nbsp;10.1 to GlobalSantaFe Corporation&#146;s
  Current Report on Form 8-K filed with the Commission on March&nbsp;2, 2005).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.24*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Notice of Grant of Non-Employee Director Restricted Stock
  Units under the GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated
  herein by reference to Exhibit&nbsp;10.10h(8) to GlobalSantaFe Corporation&#146;s
  Annual Report on Form 10-K for the year ended December&nbsp;31, 2005).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.25*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Notice of Grant of Stock-Settled Stock Appreciation Rights
  under the GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated herein by
  reference to Exhibit 10.2 to GlobalSantaFe Corporation&#146;s Current Report on
  Form 8-K filed with the Commission on December 20, 2005).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.26*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of the Notice of Grant and Specification of the Terms and
  Conditions of Non-Employee Director Stock-Settled Stock Appreciation Rights
  under the GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated herein by
  reference to Exhibit 10.1 to GlobalSantaFe Corporation&#146;s Quarterly Report on
  Form 10-Q for the quarter ended June 30, 2006).</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="3" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-5</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="102%" style="border-collapse:collapse;width:102.3%;">
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.27*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Notice of Grant of Stock-Settled Stock Appreciation Rights
  under the GlobalSantaFe 2003 Long-Term Incentive Plan.<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Opinion of Walkers, Cayman Islands.<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Ernst &amp; Young LLP.<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Walkers, Cayman Islands (included in Exhibit 5.1).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Powers of Attorney.</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="3" face="Times New Roman">&nbsp;</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><hr size="1" width="25%" noshade color="black" align="left"></div>

<p style="margin:0in 0in 12.0pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Incorporated
herein by reference as indicated.</font></p>

<p align="left" style="margin:0in 0in 12.0pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h2 align="left" style="font-size:10.0pt;font-weight:normal;margin:0in 0in 12.0pt .5in;page-break-after:avoid;text-align:left;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 9.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i>Undertakings</i>.</b></h2>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&nbsp;The undersigned
registrant hereby undertakes:</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)
To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)
To include any prospectus required by section 10(a)(3) of the Securities Act;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)
To reflect in the prospectus any facts or events arising after the effective
date of the registration statement (or the most recent post-effective amendment
thereof) which, individually or in the aggregate, represent a fundamental
change in the information set forth in the registration statement.
Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of a prospectus
filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than a 20% change in the maximum
aggregate offering price set forth in the &#147;Calculation of Registration Fee&#148;
table in the effective registration statement;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)
To include any material information with respect to the plan of distribution
not previously disclosed in the registration statement or any material change
to such information in the registration statement; <i>provided, however</i>, that the undertakings set forth in
paragraphs (i)&nbsp;and (ii)&nbsp;above do not apply if the information
required to be included in a post-effective amendment by those paragraphs is
contained in periodic reports filed with or furnished to the Commission by the
registrant pursuant to Section&nbsp;13 or Section 15(d) of the Exchange Act
that are incorporated by reference in the registration statement.</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)
That, for the purpose of determining any liability under the Securities Act,
each such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering
thereof.</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)
To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the
offering.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-6</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The
registrant hereby undertakes that, for purposes of determining any liability
under the Securities Act, each filing of the registrant&#146;s annual report
pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where
applicable, each filing of an employee benefit plan&#146;s annual report pursuant to
Section 15(d) of the Exchange Act) that is incorporated by reference in this
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Insofar
as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the registrant
pursuant to the provisions described under Item&nbsp;6 above, or otherwise, the
registrant has been advised that in the opinion of the Commission such
indemnification is against public policy as expressed in the Securities Act and
is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the registrant of expenses
incurred or paid by a director, officer or controlling person of the registrant
in the successful defense of any action, suit or proceeding) is asserted by
such director, officer or controlling person in connection with the securities
being registered, the registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Securities Act and will be governed
by the final adjudication of such issue.</font></p>

<p align="left" style="margin:0in 0in .0001pt 3.0in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-7</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<p align="center" style="margin:0in 0in 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURES</font></b></p>

<p align="left" style="margin:0in 0in 12.0pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the
requirements of the Securities Act of 1933, as amended, the registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in Nassau, Bahamas, on November 27, 2007.</font></p>

<p align="left" style="margin:0in 0in .0001pt 3.5in;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="50%" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">TRANSOCEAN INC.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.24%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="44%" valign="top" style="padding:0in .7pt 0in .7pt;width:44.76%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.24%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="44%" valign="top" style="padding:0in .7pt 0in .7pt;width:44.76%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.24%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By</font></p>
  </td>
  <td width="44%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:44.76%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;/s/ Gregory L. Cauthen</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.24%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="44%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:44.76%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Gregory L.
  Cauthen</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.24%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="44%" valign="top" style="padding:0in .7pt 0in .7pt;width:44.76%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Senior Vice
  President and</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.24%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="44%" valign="top" style="padding:0in .7pt 0in .7pt;width:44.76%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chief Financial
  Officer</font></p>
  </td>
 </tr>
</table>

<p align="left" style="margin:0in 0in 12.0pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in 12.0pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the
requirements of the Securities Act of 1933, this registration statement has
been signed by the following persons in the capacities indicated and on
November 27, 2007.</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.82%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.82%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Signature</font></b></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.84%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30%" valign="top" style="padding:0in .7pt 0in .7pt;width:30.4%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:3.94%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Title</font></b></p>
  </td>
  <td width="30%" valign="top" style="padding:0in .7pt 0in .7pt;width:30.4%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
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</table>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="3" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="29%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chairman of the Board of Directors</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Robert E. Rose</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Robert L. Long</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chief Executive Officer and Director</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Robert L. Long</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Principal Executive Officer)</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">President, Chief Operating Officer and Director</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Jon A. Marshall</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Gregory L. Cauthen</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Senior Vice President and Chief Financial Officer</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Gregory L. Cauthen</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Principal Financial Officer)</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ John H. Briscoe</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vice President and Controller</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">John H. Briscoe</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Principal Accounting Officer)</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">W. Richard Anderson</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thomas W. Cason</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Richard L. George</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Victor E. Grijalva</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Martin B. McNamara</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Edward R. Muller</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Kristian Siem</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-8</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="29%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" colspan="2" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Robert M. Sprague</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
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  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" colspan="2" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ian C. Strachan</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
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 <tr>
  <td width="29%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
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  <td width="29%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" colspan="2" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">J. Michael Talbert</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" colspan="2" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">John L. Whitmire</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:29.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.08%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*By</font></p>
  </td>
  <td width="25%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:25.42%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Chipman Earle</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.08%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25%" valign="top" style="padding:0in .7pt 0in .7pt;width:25.42%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chipman Earle<br>
  (Attorney-in-Fact)</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.66%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" valign="top" style="padding:0in .7pt 0in .7pt;width:64.84%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-9</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div>

<p align="center" style="margin:0in 0in 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT
INDEX</font></b></p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="103%" style="border-collapse:collapse;width:103.78%;">
 <tr>
  <td width="32" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:24.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Exhibit<br>
  No.</font></b></p>
  </td>
  <td width="55" valign="bottom" style="padding:0in 0in 0in 0in;width:41.35pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="172" valign="bottom" style="padding:0in 0in 0in 0in;width:129.3pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="64" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Description</font></b></p>
  </td>
  <td width="307" valign="bottom" style="padding:0in 0in 0in 0in;width:230.6pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
</table>

</div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="102%" style="border-collapse:collapse;width:102.3%;">
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.1*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Transocean Amended and Restated Memorandum of Association
  (incorporated herein by reference to Annex&nbsp;E to the Joint Proxy
  Statement of the Company and GlobalSantaFe filed on October&nbsp;3, 2007).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.2*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Transocean Amended and Restated Articles of Association (incorporated
  herein by reference to Annex F to the Joint Proxy Statement of the Company
  and GlobalSantaFe filed on October&nbsp;3, 2007).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.3*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Agreement and Plan of Merger dated as of July 21, 2007 among the
  Company, GlobalSantaFe Corporation and Transocean Worldwide Inc.
  (incorporated herein by reference to Annex A to the Joint Proxy Statement of
  the Company and GlobalSantaFe filed on October&nbsp;3, 2007).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.4*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Global Marine Inc. 1989 Stock Option and Incentive Plan (incorporated
  herein by reference to Exhibit 10.6 of Global Marine Inc.&#146;s Annual Report on
  Form 10-K (Commission File No. 1-5471) for the year ended December 31, 1988);
  First Amendment (incorporated herein by reference to Exhibit 10.6 of Global
  Marine Inc.&#146;s Annual Report on Form 10-K (Commission File No. 1-5471) for the
  year ended December 31, 1990); Second Amendment (incorporated herein by
  reference to Exhibit 10.7 of Global Marine Inc.&#146;s Annual Report on Form 10-K
  (Commission File No. 1-5471) for the year ended December 31, 1991); Third
  Amendment (incorporated herein by reference to Exhibit 10.19 of Global Marine
  Inc.&#146;s Annual Report on Form 10-K (Commission File No. 1-5471) for the year
  ended December 31, 1993); Fourth Amendment (incorporated herein by reference
  to Exhibit 10.16 of Global Marine Inc.&#146;s Annual Report on Form 10-K
  (Commission File No. 1-5471) for the year ended December 31, 1994); Fifth
  Amendment (incorporated herein by reference to Exhibit 10.1 of Global Marine
  Inc.&#146;s Quarterly Report on Form 10-Q (Commission File No. 1-5471) for the
  quarter ended June 30, 1996); Sixth Amendment (incorporated herein by
  reference to Exhibit 10.18 of Global Marine Inc.&#146;s Annual Report on Form 10-K
  (Commission File No. 1-5471) for the year ended December 31, 1996).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.5*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Global Marine Inc. 1990 Non-Employee Director Stock Option Plan
  (incorporated herein by reference to Exhibit 10.18 of Global Marine Inc.&#146;s
  Annual Report on Form 10-K (Commission File No. 1-5471) for the year ended
  December&nbsp;31, 1991); First Amendment (incorporated herein by reference to
  Exhibit 10.1 of Global Marine Inc.&#146;s Quarterly Report on Form 10-Q
  (Commission File No. 1-5471) for the quarter ended June&nbsp;30, 1995);
  Second Amendment (incorporated herein by reference to Exhibit 10.37 of Global
  Marine Inc.&#146;s Annual Report on Form 10-K (Commission File No. 1-5471) for the
  year ended December&nbsp;31, 1996).<br><br></font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="3" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="102%" style="border-collapse:collapse;width:102.3%;">
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.6*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1997 Long-Term Incentive Plan (incorporated herein by reference to
  GlobalSantaFe Corporation&#146;s Registration Statement on Form S-8 (No. 333-7070)
  filed June&nbsp;13, 1997); Amendment to 1997 Long Term Incentive Plan
  (incorporated herein by reference to GlobalSantaFe Corporation&#146;s Annual
  Report on Form&nbsp;20-F for the calendar year ended December&nbsp;31, 1998);
  Amendment to 1997 Long Term Incentive Plan dated December&nbsp;1, 1999
  (incorporated herein by reference to GlobalSantaFe Corporation&#146;s Annual
  Report on Form 20-F for the calendar year ended December&nbsp;31, 1999).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.7*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">GlobalSantaFe Corporation 1998 Stock Option and Incentive Plan
  (incorporated herein by reference to Exhibit 10.1 of Global Marine Inc.&#146;s
  Quarterly Report on Form 10-Q (Commission File No. 1-5471) for the quarter
  ended March 31, 1998); First Amendment (incorporated herein by reference to
  Exhibit 10.2 of Global Marine Inc.&#146;s Quarterly Report on Form 10-Q
  (Commission File No. 1-5471) for the quarter ended June 30, 2000).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.8*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Memorandum dated November 20, 2001, Regarding Grant of Restricted
  Stock under the GlobalSantaFe Corporation 1998 Stock Option and Incentive Plan,
  including Terms and Conditions of Restricted Stock (incorporated herein by
  reference to Exhibit 10.39 to GlobalSantaFe Corporation&#146;s Annual Report on
  Form 10-K for the year ended December&nbsp;31, 2001).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.9*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Notice of Grant of Stock Options used for stock option grants
  under the GlobalSantaFe Corporation 1998 Stock Option and Incentive Plan
  (incorporated herein by reference to Exhibit 10.41 to GlobalSantaFe
  Corporation&#146;s Annual Report on Form 10-K for the year ended December&nbsp;31,
  2001).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.10*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Memorandum dated March&nbsp;4, 2002, Regarding Grant of
  Performance-Based Restricted Units under the GlobalSantaFe Corporation 1998
  Stock Option and Incentive Plan to certain executive officers of the Company,
  respectively, including Terms and Conditions of Performance-Based Restricted
  Units (incorporated herein by reference to Exhibit 10.40 to GlobalSantaFe
  Corporation&#146;s Annual Report on Form 10-K for the year ended December&nbsp;31,
  2001).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.11*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">GlobalSantaFe Corporation 2001 Non-Employee Director Stock Option and
  Incentive Plan (incorporated herein by reference to the Company&#146;s
  Registration Statement on Form&nbsp;S-8 (No.&nbsp;333-73878) filed November
  21, 2001).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.12*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">GlobalSantaFe Corporation 2001 Long-Term Incentive Plan (incorporated
  herein by reference to Exhibit 10.1 to GlobalSantaFe Corporation&#146;s Quarterly
  Report on Form 10-Q for the quarter ended June&nbsp;30, 2001).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.13*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Notice of Grant of Stock Options used for stock option grants
  under the GlobalSantaFe Corporation 2001 Long-Term Incentive Plan
  (incorporated herein by reference to Exhibit&nbsp;10.41 to GlobalSantaFe
  Corporation&#146;s Annual Report on Form 10-K for the year ended December 31,
  2001).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.14*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Memorandum dated March 4, 2002, Regarding Grant of
  Performance-Based Restricted Units under the GlobalSantaFe Corporation 2001
  Long-Term Incentive Plan to certain executive officers of the Company,
  respectively, including Terms and Conditions of Performance-Based Restricted
  Units (incorporated herein by reference to Exhibit 10.40 to GlobalSantaFe
  Corporation&#146;s Annual Report on Form 10-K for the year ended December 31,
  2001).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.15*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Notice of Stock Option Grant to Non-Employee Directors under
  the GlobalSantaFe Corporation 2001 Long-Term Incentive Plan (incorporated
  herein by reference to Exhibit&nbsp;10.10g(3) to GlobalSantaFe Corporation&#146;s
  Annual Report on Form 10-K for the year ended December&nbsp;31, 2005).</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="102%" style="border-collapse:collapse;width:102.3%;">
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.16*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">GlobalSantaFe
  2003 Long-Term Incentive Plan (as Amended and Restated Effective June&nbsp;7,
  2005) (incorporated herein by reference to Exhibit 10.4 to GlobalSantaFe
  Corporation&#146;s Quarterly Report on Form 10-Q for the quarter ended June 30,
  2005).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.17*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Forms of Memoranda Regarding Grant of Performance Units under the
  GlobalSantaFe 2003 Long-Term Incentive Plan to certain former executive
  officers of GlobalSantaFe Corporation, including terms and conditions for
  2003-2005 and 2004-2006 performance cycles (incorporated herein by reference
  to Exhibit 10.35 to GlobalSantaFe Corporation&#146;s Annual Report on Form 10-K
  for the year ended December&nbsp;31, 2003).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.18*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Notice of Grant of Stock Options for stock option grants
  under the GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated herein by
  reference to Exhibit&nbsp;10.37 to GlobalSantaFe Corporation&#146;s Annual Report
  on Form 10-K for the year ended December 31, 2003).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.19*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Notice of Stock Option Grant used for new stock option grants
  to non-employee directors under the GlobalSantaFe 2003 Long-Term Incentive
  Plan (incorporated herein by reference to Exhibit 10.38 to GlobalSantaFe
  Corporation&#146;s Annual Report on Form 10-K for the year ended December&nbsp;31,
  2003).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.20*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Notice of Grant for Non-Employee Director Restricted Stock
  Units under the GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated
  herein by reference to Exhibit&nbsp;10.1 to GlobalSantaFe Corporation&#146;s
  Quarterly Report on Form 10-Q for the quarter ended June&nbsp;30, 2004).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.21*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of the Notice of Grant of Stock Options under the GlobalSantaFe
  2003 Long-Term Incentive Plan (incorporated herein by reference to Exhibit
  10.3 to GlobalSantaFe Corporation&#146;s Current Report on Form 8-K filed with the
  Commission on March 2, 2005).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.22*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of the Notice of Grant of Performance Units under the
  GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated herein by reference
  to Exhibit 10.2 to GlobalSantaFe Corporation&#146;s Current Report on Form 8-K
  filed with the Commission on March 2, 2005).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.23*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of the Notice of Grant of Performance-Awarded Restricted Stock
  Units under the GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated
  herein by reference to Exhibit&nbsp;10.1 to GlobalSantaFe Corporation&#146;s
  Current Report on Form 8-K filed with the Commission on March&nbsp;2, 2005).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.24*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Notice of Grant of Non-Employee Director Restricted Stock Units
  under the GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated herein by
  reference to Exhibit&nbsp;10.10h(8) to GlobalSantaFe Corporation&#146;s Annual
  Report on Form 10-K for the year ended December&nbsp;31, 2005).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.25*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Notice of Grant of Stock-Settled Stock Appreciation Rights
  under the GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated herein by
  reference to Exhibit 10.2 to GlobalSantaFe Corporation&#146;s Current Report on
  Form 8-K filed with the Commission on December 20, 2005).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.26*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of the Notice of Grant and Specification of the Terms and
  Conditions of Non-Employee Director Stock-Settled Stock Appreciation Rights
  under the GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated herein by
  reference to Exhibit 10.1 to GlobalSantaFe Corporation&#146;s Quarterly Report on
  Form 10-Q for the quarter ended June 30, 2006).<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.27*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Notice of Grant of Stock-Settled Stock Appreciation Rights
  under the GlobalSantaFe 2003 Long-Term Incentive Plan.<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Opinion of Walkers, Cayman Islands.</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="3" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<br clear="all" style="page-break-before:always;">


<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="102%" style="border-collapse:collapse;width:102.3%;">
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Ernst &amp; Young LLP.<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Walkers, Cayman Islands (included in Exhibit 5.1).</font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="87" valign="top" style="padding:0in 0in 0in 0in;width:65.35pt;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#151;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.15pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Powers of Attorney</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="3" face="Times New Roman">&nbsp;</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><hr size="1" width="25%" noshade color="black" align="left"></div>

<p style="margin:0in 0in 12.0pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Incorporated
herein by reference as indicated.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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</html>
[{"type": "S-8", "sequence": "1", "filename": "a07-30178_1s8.htm", "description": "S-8", "secsgml_size_bytes": 171113}]
{"company-data": {"conformed-name": "TRANSOCEAN INC", "cik": "0001083269", "assigned-sic": "1381", "irs-number": "660582307", "state-of-incorporation": "E9", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-147669", "film-number": "071270821"}, "business-address": {"street1": "4 GREENWAY PLAZA", "city": "HOUSTON", "state": "TX", "zip": "77046", "phone": "7132327500"}, "mail-address": {"street1": "4 GREENWAY PLAZA", "city": "HOUSTON", "state": "TX", "zip": "77046"}, "former-company": [{"former-conformed-name": "TRANSOCEAN SEDCO FOREX INC", "date-changed": "20000112"}, {"former-conformed-name": "TRANSOCEAN OFFSHORE INC /NEW/", "date-changed": "19990610"}, {"former-conformed-name": "TRANSOCEAN OFFSHORE TEXAS INC", "date-changed": "19990402"}]}
As filed with the Securities and Exchange
Commission on November 28, 2007
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM S-8
REGISTRATION
STATEMENT UNDER THE SECURITIES ACT OF 1933
TRANSOCEAN INC.
(Exact name of registrant as specified in its charter)
Cayman Islands
66-0582307
(State or other jurisdiction of
(I.R.S. Employer
incorporation or organization)
Identification No.)
4 Greenway Plaza
Houston, Texas 
77046
(Address of
principal executive offices and zip code)
GLOBAL
MARINE INC. 1989 STOCK OPTION AND INCENTIVE PLAN
GLOBAL MARINE INC. 1990 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN
SANTA FE INTERNATIONAL CORPORATION 1997 LONG-TERM INCENTIVE PLAN
GLOBALSANTAFE CORPORATION 1998 STOCK OPTION AND INCENTIVE PLAN
GLOBALSANTAFE CORPORATION 2001 NON-EMPLOYEE DIRECTOR
STOCK OPTION AND INCENTIVE PLAN
GLOBALSANTAFE CORPORATION 2001 LONG-TERM INCENTIVE PLAN
GLOBALSANTAFE CORPORATION 2003 LONG-TERM INCENTIVE PLAN
(Full title of the plans)
Eric B. Brown
Senior Vice President and General Counsel
Transocean Inc.
4 Greenway Plaza
Houston, Texas 
77046
(713) 232-7500
(Name, address and telephone number, including area code, of agent for
service)
CALCULATION OF REGISTRATION FEE
Title of securities to be
  registered
Amount to be
registered (1)
Proposed maximum
offering price per
share (2)
Proposed maximum
aggregate offering
price (2)
Amount of registration fee
Ordinary Shares, par value $.01 per share
1,404,546
$122.42
$171,944,521
$5,279 (3)
(1)
Pursuant to Rule 416 under the Securities
Act of 1933, there is also registered hereunder such additional
indeterminate number of the registrant's
ordinary shares as may be required as a result of share splits, share dividends
or similar transactions.
(2)
Estimated pursuant to Rules 457(c)
and (h) solely for the purpose of computing the registration fee and based upon
the average of the high and low sales prices of the ordinary shares reported on
the New York Stock Exchange Composite Tape on November 21, 2007.
(3)
This Registration Statement on Form S-8
relates to 1,404,546 ordinary shares of the registrant, par value $0.01 per
share, (4,847 shares under the Global Marine Inc. 1989 Stock Option Plan, as
amended, 11,705 shares under the Global Marine Inc. 1990 Non-Employee Director
Stock Option Plan, as amended, 37,414 shares under the Santa Fe International
Corporation 1997 Long-Term Incentive Plan, as amended, 293,302 shares under the
GlobalSantaFe Corporation 1998 Stock Option and Incentive Plan, as amended, 28,827
shares under the GlobalSantaFe Corporation 2001 Non-Employee Director Stock
Option and Incentive Plan, 125,974 shares under the GlobalSantaFe Corporation
2001 Long-Term Incentive Plan and 902,477 shares under the GlobalSantaFe
Corporation 2003 Long-Term Incentive Plan, as amended).  The registration fee in respect of such
ordinary shares was paid at the time of the filing of a preliminary joint proxy
statement by the registrant and GlobalSantaFe Corporation on September 4,
2007.  Accordingly, pursuant to Rule
457(b), no additional fee is being paid with this registration statement.
INTRODUCTORY
STATEMENT
Transocean Inc. (the "Company")
is filing this Registration Statement on Form S-8 (the "Registration Statement")
relating to its ordinary shares, par value $0.01 per share (the "Ordinary
Shares"), which may be offered and sold pursuant to the Global Marine Inc. 1989
Stock Option and Incentive Plan, as amended; the Global Marine Inc. 1990
Non-Employee Director Stock Option Plan, as amended;  the Santa Fe International Corporation 1997
Long-Term Incentive Plan, as amended; the GlobalSantaFe Corporation 1998 Stock
Option and Incentive Plan, as amended; the GlobalSantaFe Corporation 2001
Non-Employee Director Stock Option and Incentive Plan; the GlobalSantaFe
Corporation 2001 Long-Term Incentive Plan; and the GlobalSantaFe Corporation 2003
Long-Term Incentive Plan, as amended (collectively, the "Plans").
On November 27, 2007,
pursuant to an Agreement and Plan of Merger (the "Merger Agreement") dated as
of July 21, 2007 by and among the Company, GlobalSantaFe Corporation, a company
organized under the laws of the Cayman Islands ("GlobalSantaFe"), and
Transocean Worldwide Inc., a company organized under the laws of the Cayman
Islands and a direct, wholly-owned subsidiary of the Company ("Merger Sub"),
among other things (a) the Company reclassified each of its outstanding
Ordinary Shares into 0.6996 Ordinary Shares and $33.03 in cash (the "Reclassification"),
(b) GlobalSantaFe was merged with Merger Sub (the "Merger" and, together with
the Reclassification, the "Transactions") by way of a scheme of arrangement
qualifying as an amalgamation, with Merger Sub as the surviving entity, and
each outstanding ordinary share, par value $0.01, of GlobalSantaFe was
converted into the right to receive 0.4757 Ordinary Shares and $22.46 in cash,
(c) the Company assumed GlobalSantaFe's obligations under the Plans, and
Ordinary Shares became purchasable or otherwise issuable thereunder in lieu of
GlobalSantaFe ordinary shares and (d) outstanding options to purchase
GlobalSantaFe ordinary shares (the "Options") and GlobalSantaFe stock-settled
stock appreciation rights ("SARs") were assumed by the Company and became
exercisable for Ordinary Shares.
PART
I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Note:  The document(s) containing the employee
benefit plan information required by Item 1 of Form S-8 and the statement of
availability of registrant information and any other information required by
Item 2 of Form S-8 will be sent or given to participants as specified by Rule
428 under the Securities Act of 1933, as amended (the "Securities Act").  In accordance with Rule 428 and the
requirements of Part I of Form S-8, such documents are not being filed with the
Securities and Exchange Commission (the "Commission") either as part of this
Registration Statement or as prospectuses or prospectus supplements pursuant to
Rule 424 under the Securities Act.  The
registrant shall maintain a file of such documents in accordance with the
provisions of Rule 428.  Upon request,
the registrant shall furnish to the Commission or its staff a copy or copies of
all of the documents included in such file.
PART
II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents by Reference
.
This Registration
Statement incorporates herein by reference the following documents which have
been filed with the Commission by the Company (SEC File No. 333-75899) pursuant
to the Securities Act and the Exchange Act:
1.             The description of
the Ordinary Shares contained in the Company's Current Report on Form 8-K filed
with the Commission on May 17, 1999, as amended by the Company's Current
Report on Form 8-K/A filed with the Commission on November 27, 2007;
2.             The Company's
Annual Report on Form 10-K for the fiscal year ended December 31, 2006;
3.             The Company's
Quarterly Reports on Form 10-Q for the quarters ended March 31, 2007,
June 30, 2007 and September 30, 2007; and
4.             The Company's
Current Reports on Form 8-K and Form 8-K/A filed on February 14, 2007 (dated
February 7, 2007), March 6, 2007, April 11, 2007, June 4, 2007, July 23, 2007,
August 14, 2007, September 20, 2007, October 1, 2007, October 17, 2007, October
19, 2007, October 24, 2007, October 25, 2007, November 14, 2007, November 21,
2007 and November 27, 2007.
Each document filed with
the Commission by the Company pursuant to Sections 13(a), 13(c), 14 or 15(d) of
the Exchange Act subsequent to the date of this Registration Statement and
prior to the filing of a post-effective amendment to this Registration
Statement which indicates that all securities offered hereby have been sold, or
which deregisters all securities then remaining unsold, shall be deemed to be
incorporated by reference in this Registration Statement and to be a part
hereof from the date of filing of such documents.
Any statement contained
in this Registration Statement, in an amendment hereto or in a document
incorporated by reference herein shall be deemed to be modified or superseded
for purposes of this Registration Statement to the extent that a statement
contained herein or in any subsequently filed amendment to this Registration
Statement or in any document that also is incorporated by reference herein
modifies or supersedes such statement. 
Any statement so modified or superseded shall not be deemed, except as
so modified or superseded, to constitute a part of this Registration Statement.
Item 4.
Description of Securities
.
Not Applicable.
Item 5.
Interests of Named Experts and Counsel
.
Not Applicable.
Item 6.
Indemnification of Directors and Officers
.
Article 34.1 of the
registrant's Articles of Association provides that:
No directors of the
registrant will be personally liable to the registrant or, if any, its members
for monetary damages for breach of fiduciary duty as a director, except for
liability (1) for any breach of the director's duty of loyalty to the
registrant or, if any, to its members, (2) for acts or  omissions not in good faith or that involve
intentional misconduct or a knowing violation of law or (3) for any transaction
from which the director derived an improper personal benefit.
II-1
The registrant will
indemnify, to the fullest extent permitted by the laws of the Cayman Islands as
from time to time in effect, if any, any person who was or is a party or is
threatened to be made a party to, or otherwise requires representation by
counsel in connection with, any threatened, pending or completed action, suit
or proceeding, whether civil, criminal, administrative or investigative
(whether or not an action by or in the right of the registrant) by reason of
the fact that he is or was a director or officer of the registrant, or, while
serving as a director or officer of the registrant, is or was serving at the
request of the registrant, as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise, or by
reason of any action alleged to have been taken or omitted in such capacity.
The right to indemnification conferred by Section 34.1 also includes the right
of such persons to be paid in advance by the registrant for their expenses to
the fullest extent permitted by the laws of the Cayman Islands as from time to
time in effect.
Unless otherwise determined
by the registrant's board of directors, the registrant will indemnify to the
fullest extent permitted by the laws of the Cayman Islands as from time to time
in effect, if any, any person who was or is a party or is threatened to be made
a party to, or otherwise requires representation by counsel in connection with,
any threatened, pending or completed action, suit or proceeding, whether civil,
criminal, administrative or investigative (whether or not an action by or in
the right of the registrant), by reason of the fact that he is or was an
employee (other than an officer) or agent of the registrant, or is or was
serving at the request of the registrant as a director, officer, employee or
agent of another corporation, partnership, joint venture, trust or other
enterprise, or by reason of any action alleged to have been taken or omitted in
such capacity.
The rights and authority
conferred by Section 34.1 are not exclusive of any other right that any person
has or hereafter acquires under any law, provision of the registrant's articles
of association or memorandum of association, agreement, vote of members of the
registrant or of the board of directors of the registrant or otherwise.
The registrant also has
directors' and officers' liability insurance that would indemnify its directors
and officers against damages arising out of certain kinds of claims that might
be made against them based on their negligent acts or omissions while acting in
their capacity as such.
The Agreement and Plan of
Merger, dated as of July 21, 2007, by and among the registrant, Transocean
Worldwide Inc. and GlobalSantaFe Corporation (the "Merger Agreement") provides
that, following the Transactions (as defined in the Merger Agreement), the
registrant will indemnify, defend and hold harmless, to the fullest extent
permitted under applicable law, (1) each person who is, or has been at any time
prior to the effective time of the Transactions, an officer or director of the
registrant or GlobalSantaFe or any of their subsidiaries or divisions and (2)
each person who served as a director, officer, trustee or fiduciary of another
corporation, partnership, joint venture, trust, pension or other employee
benefit plan or enterprise at the request of the registrant or GlobalSantaFe
against all losses, claims, damages, liabilities, costs or expenses, including
attorneys' fees, judgments, fines, penalties and amounts paid in settlement in
connection with any claim, action, suit, proceeding or investigation that
arises out of or pertains to actual or alleged acts or omissions by them in the
capacities set forth in (1) and (2) above. The registrant's duty to indemnify,
defend and hold harmless applies whether or not such actions are commenced,
asserted or claimed prior to the effective time of the Transactions. In the
event of such claim, action, suit, proceeding or investigation, the registrant
is required to pay the fees and expenses of counsel selected by the party to be
indemnified, to the fullest extent permitted by applicable law in advance of
the final disposition of any such action and cooperate in the defense of any such
matter.
The Merger Agreement
provides that the rights to indemnification will survive the Transactions. The
Merger Agreement also provides that for a period of six years after the
effective time of the Transactions, the registrant will maintain officers' and
directors' liability insurance covering those individuals described in (1) and
(2) of the preceding paragraph who were covered prior to the effective time of
the Transactions by officers' and directors' liability insurance policies
maintained by the registrant and GlobalSantaFe on terms substantially no less
advantageous to those individuals than the existing insurance of the registrant
and GlobalSantaFe, provided that the registrant will not be required to pay
annual premiums in excess of 250% of the last premium paid by the registrant
prior to the date of the merger agreement, in which case the registrant will
purchase as much coverage as is reasonably practicable for that amount.
II-2
Item 7.
Exemption
from Registration Claimed.
Not Applicable.
Item 8.
Exhibits
.
The
following documents are filed as a part of this Registration Statement or
incorporated by reference herein:
Exhibit
No.
Description
4.1*             —
Transocean Amended and Restated Memorandum of Association
  (incorporated herein by reference to Annex E to the Joint Proxy
  Statement of the Company and GlobalSantaFe filed on October 3, 2007).
4.2*             —
Transocean Amended and Restated Articles of Association (incorporated
  herein by reference to Annex F to the Joint Proxy Statement of the Company
  and GlobalSantaFe filed on October 3, 2007).
4.3*             —
Agreement and Plan of Merger dated as of July 21, 2007 among the
  Company, GlobalSantaFe Corporation and Transocean Worldwide Inc.
  (incorporated herein by reference to Annex A to the Joint Proxy Statement of
  the Company and GlobalSantaFe filed on October 3, 2007).
4.4*             —
Global Marine Inc. 1989 Stock Option and Incentive Plan (incorporated
  herein by reference to Exhibit 10.6 of Global Marine Inc.'s Annual Report on
  Form 10-K (Commission File No. 1-5471) for the year ended December 31, 1988);
  First Amendment (incorporated herein by reference to Exhibit 10.6 of Global
  Marine Inc.'s Annual Report on Form 10-K (Commission File No. 1-5471) for the
  year ended December 31, 1990); Second Amendment (incorporated herein by
  reference to Exhibit 10.7 of Global Marine Inc.'s Annual Report on Form 10-K
  (Commission File No. 1-5471) for the year ended December 31, 1991); Third
  Amendment (incorporated herein by reference to Exhibit 10.19 of Global Marine
  Inc.'s Annual Report on Form 10-K (Commission File No. 1-5471) for the year
  ended December 31, 1993); Fourth Amendment (incorporated herein by reference
  to Exhibit 10.16 of Global Marine Inc.'s Annual Report on Form 10-K (Commission
  File No. 1-5471) for the year ended December 31, 1994); Fifth Amendment
  (incorporated herein by reference to Exhibit 10.1 of Global Marine Inc.'s
  Quarterly Report on Form 10-Q (Commission File No. 1-5471) for the quarter
  ended June 30, 1996); Sixth Amendment (incorporated herein by reference to
  Exhibit 10.18 of Global Marine Inc.'s Annual Report on Form 10-K (Commission
  File No. 1-5471) for the year ended December 31, 1996).
4.5*             —
Global Marine Inc. 1990 Non-Employee Director Stock Option Plan
  (incorporated herein by reference to Exhibit 10.18 of Global Marine Inc.'s
  Annual Report on Form 10-K (Commission File No. 1-5471) for the year ended
  December 31, 1991); First Amendment (incorporated herein by reference to
  Exhibit 10.1 of Global Marine Inc.'s Quarterly Report on Form 10-Q
  (Commission File No. 1-5471) for the quarter ended June 30, 1995);
  Second Amendment (incorporated herein by reference to Exhibit 10.37 of Global
  Marine Inc.'s Annual Report on Form 10-K (Commission File No. 1-5471) for the
  year ended December 31, 1996).
II-3
4.6*             —
1997 Long-Term Incentive Plan (incorporated herein by reference to
  GlobalSantaFe Corporation's Registration Statement on Form S-8 (No. 333-7070)
  filed June 13, 1997); Amendment to 1997 Long Term Incentive Plan
  (incorporated herein by reference to GlobalSantaFe Corporation's Annual
  Report on Form 20-F for the calendar year ended December 31, 1998);
  Amendment to 1997 Long Term Incentive Plan dated December 1, 1999
  (incorporated herein by reference to GlobalSantaFe Corporation's Annual
  Report on Form 20-F for the calendar year ended December 31, 1999).
4.7*             —
GlobalSantaFe Corporation 1998 Stock Option and Incentive Plan
  (incorporated herein by reference to Exhibit 10.1 of Global Marine Inc.'s
  Quarterly Report on Form 10-Q (Commission File No. 1-5471) for the quarter
  ended March 31, 1998); First Amendment (incorporated herein by reference to
  Exhibit 10.2 of Global Marine Inc.'s Quarterly Report on Form 10-Q (Commission
  File No. 1-5471) for the quarter ended June 30, 2000).
4.8*             —
Memorandum dated November 20, 2001, Regarding Grant of Restricted
  Stock under the GlobalSantaFe Corporation 1998 Stock Option and Incentive
  Plan, including Terms and Conditions of Restricted Stock (incorporated herein
  by reference to Exhibit 10.39 to GlobalSantaFe Corporation's Annual Report on
  Form 10-K for the year ended December 31, 2001).
4.9*             —
Form of Notice of Grant of Stock Options used for stock option grants
  under the GlobalSantaFe Corporation 1998 Stock Option and Incentive Plan
  (incorporated herein by reference to Exhibit 10.41 to GlobalSantaFe
  Corporation's Annual Report on Form 10-K for the year ended December 31,
  2001).
4.10*           —
Form of Memorandum dated March 4, 2002, Regarding Grant of
  Performance-Based Restricted Units under the GlobalSantaFe Corporation 1998
  Stock Option and Incentive Plan to certain executive officers of the Company,
  respectively, including Terms and Conditions of Performance-Based Restricted
  Units (incorporated herein by reference to Exhibit 10.40 to GlobalSantaFe
  Corporation's Annual Report on Form 10-K for the year ended December 31,
  2001).
4.11*           —
GlobalSantaFe Corporation 2001 Non-Employee Director Stock Option and
  Incentive Plan (incorporated herein by reference to the Company's
  Registration Statement on Form S-8 (No. 333-73878) filed November
  21, 2001).
4.12*           —
GlobalSantaFe Corporation 2001 Long-Term Incentive Plan (incorporated
  herein by reference to Exhibit 10.1 to GlobalSantaFe Corporation's Quarterly
  Report on Form 10-Q for the quarter ended June 30, 2001).
4.13*           —
Form of Notice of Grant of Stock Options used for stock option grants
  under the GlobalSantaFe Corporation 2001 Long-Term Incentive Plan
  (incorporated herein by reference to Exhibit 10.41 to GlobalSantaFe
  Corporation's Annual Report on Form 10-K for the year ended December 31,
  2001).
4.14*           —
Form of Memorandum dated March 4, 2002, Regarding Grant of
  Performance-Based Restricted Units under the GlobalSantaFe Corporation 2001 Long-Term
  Incentive Plan to certain executive officers of the Company, respectively,
  including Terms and Conditions of Performance-Based Restricted Units
  (incorporated herein by reference to Exhibit 10.40 to GlobalSantaFe
  Corporation's Annual Report on Form 10-K for the year ended December 31,
  2001).
II-4
4.15*           —
Form of Notice of Stock Option Grant to Non-Employee Directors under
  the GlobalSantaFe Corporation 2001 Long-Term Incentive Plan (incorporated herein
  by reference to Exhibit 10.10g(3) to GlobalSantaFe Corporation's Annual
  Report on Form 10-K for the year ended December 31, 2005).
4.16*           —
GlobalSantaFe 2003 Long-Term Incentive Plan (as Amended and Restated
  Effective June 7, 2005) (incorporated herein by reference to Exhibit
  10.4 to GlobalSantaFe Corporation's Quarterly Report on Form 10-Q for the
  quarter ended June 30, 2005).
4.17*           —
Forms of Memoranda Regarding Grant of Performance Units under the
  GlobalSantaFe 2003 Long-Term Incentive Plan to certain former executive
  officers of GlobalSantaFe Corporation, including terms and conditions for
  2003-2005 and 2004-2006 performance cycles (incorporated herein by reference
  to Exhibit 10.35 to GlobalSantaFe Corporation's Annual Report on Form 10-K
  for the year ended December 31, 2003).
4.18*           —
Form of Notice of Grant of Stock Options for stock option grants
  under the GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated herein by
  reference to Exhibit 10.37 to GlobalSantaFe Corporation's Annual Report
  on Form 10-K for the year ended December 31, 2003).
4.19*           —
Form of Notice of Stock Option Grant used for new stock option grants
  to non-employee directors under the GlobalSantaFe 2003 Long-Term Incentive
  Plan (incorporated herein by reference to Exhibit 10.38 to GlobalSantaFe
  Corporation's Annual Report on Form 10-K for the year ended December 31,
  2003).
4.20*           —
Form of Notice of Grant for Non-Employee Director Restricted Stock
  Units under the GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated herein
  by reference to Exhibit 10.1 to GlobalSantaFe Corporation's Quarterly
  Report on Form 10-Q for the quarter ended June 30, 2004).
4.21*           —
Form of the Notice of Grant of Stock Options under the GlobalSantaFe
  2003 Long-Term Incentive Plan (incorporated herein by reference to Exhibit
  10.3 to GlobalSantaFe Corporation's Current Report on Form 8-K filed with the
  Commission on March 2, 2005).
4.22*           —
Form of the Notice of Grant of Performance Units under the
  GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated herein by reference
  to Exhibit 10.2 to GlobalSantaFe Corporation's Current Report on Form 8-K
  filed with the Commission on March 2, 2005).
4.23*           —
Form of the Notice of Grant of Performance-Awarded Restricted Stock
  Units under the GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated
  herein by reference to Exhibit 10.1 to GlobalSantaFe Corporation's
  Current Report on Form 8-K filed with the Commission on March 2, 2005).
4.24*           —
Form of Notice of Grant of Non-Employee Director Restricted Stock
  Units under the GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated
  herein by reference to Exhibit 10.10h(8) to GlobalSantaFe Corporation's
  Annual Report on Form 10-K for the year ended December 31, 2005).
4.25*           —
Form of Notice of Grant of Stock-Settled Stock Appreciation Rights
  under the GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated herein by
  reference to Exhibit 10.2 to GlobalSantaFe Corporation's Current Report on
  Form 8-K filed with the Commission on December 20, 2005).
4.26*           —
Form of the Notice of Grant and Specification of the Terms and
  Conditions of Non-Employee Director Stock-Settled Stock Appreciation Rights
  under the GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated herein by
  reference to Exhibit 10.1 to GlobalSantaFe Corporation's Quarterly Report on
  Form 10-Q for the quarter ended June 30, 2006).
II-5
4.27*           —
Form of Notice of Grant of Stock-Settled Stock Appreciation Rights
  under the GlobalSantaFe 2003 Long-Term Incentive Plan.
5.1               —
Opinion of Walkers, Cayman Islands.
23.1             —
Consent of Ernst & Young LLP.
23.2             —
Consent of Walkers, Cayman Islands (included in Exhibit 5.1).
24.1             —
Powers of Attorney.
*              Incorporated
herein by reference as indicated.
Item 9.
Undertakings
.
(a) The undersigned
registrant hereby undertakes:
(1)
To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:
(i)
To include any prospectus required by section 10(a)(3) of the Securities Act;
(ii)
To reflect in the prospectus any facts or events arising after the effective
date of the registration statement (or the most recent post-effective amendment
thereof) which, individually or in the aggregate, represent a fundamental
change in the information set forth in the registration statement.
Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of a prospectus
filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than a 20% change in the maximum
aggregate offering price set forth in the "Calculation of Registration Fee"
table in the effective registration statement;
(iii)
To include any material information with respect to the plan of distribution
not previously disclosed in the registration statement or any material change
to such information in the registration statement;
provided, however
, that the undertakings set forth in
paragraphs (i) and (ii) above do not apply if the information
required to be included in a post-effective amendment by those paragraphs is
contained in periodic reports filed with or furnished to the Commission by the
registrant pursuant to Section 13 or Section 15(d) of the Exchange Act
that are incorporated by reference in the registration statement.
(2)
That, for the purpose of determining any liability under the Securities Act,
each such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering
thereof.
(3)
To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the
offering.
II-6
(b) The
registrant hereby undertakes that, for purposes of determining any liability
under the Securities Act, each filing of the registrant's annual report
pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where
applicable, each filing of an employee benefit plan's annual report pursuant to
Section 15(d) of the Exchange Act) that is incorporated by reference in this
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
(c) Insofar
as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the registrant
pursuant to the provisions described under Item 6 above, or otherwise, the
registrant has been advised that in the opinion of the Commission such
indemnification is against public policy as expressed in the Securities Act and
is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the registrant of expenses
incurred or paid by a director, officer or controlling person of the registrant
in the successful defense of any action, suit or proceeding) is asserted by
such director, officer or controlling person in connection with the securities
being registered, the registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Securities Act and will be governed
by the final adjudication of such issue.
II-7
SIGNATURES
Pursuant to the
requirements of the Securities Act of 1933, as amended, the registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in Nassau, Bahamas, on November 27, 2007.
TRANSOCEAN INC.
By
/s/ Gregory L. Cauthen
Gregory L.
  Cauthen
Senior Vice
  President and
Chief Financial
  Officer
Pursuant to the
requirements of the Securities Act of 1933, this registration statement has
been signed by the following persons in the capacities indicated and on
November 27, 2007.
Signature
Title
*
Chairman of the Board of Directors
Robert E. Rose
/s/ Robert L. Long
Chief Executive Officer and Director
Robert L. Long
(Principal Executive Officer)
*
President, Chief Operating Officer and Director
Jon A. Marshall
/s/ Gregory L. Cauthen
Senior Vice President and Chief Financial Officer
Gregory L. Cauthen
(Principal Financial Officer)
/s/ John H. Briscoe
Vice President and Controller
John H. Briscoe
(Principal Accounting Officer)
*
Director
W. Richard Anderson
*
Director
Thomas W. Cason
*
Director
Richard L. George
*
Director
Victor E. Grijalva
*
Director
Martin B. McNamara
*
Director
Edward R. Muller
*
Director
Kristian Siem
II-8
*
Director
Robert M. Sprague
*
Director
Ian C. Strachan
*
Director
J. Michael Talbert
*
Director
John L. Whitmire
*By
/s/ Chipman Earle
Chipman Earle
(Attorney-in-Fact)
II-9
EXHIBIT
INDEX
Exhibit
No.
Description
4.1*             —
Transocean Amended and Restated Memorandum of Association
  (incorporated herein by reference to Annex E to the Joint Proxy
  Statement of the Company and GlobalSantaFe filed on October 3, 2007).
4.2*             —
Transocean Amended and Restated Articles of Association (incorporated
  herein by reference to Annex F to the Joint Proxy Statement of the Company
  and GlobalSantaFe filed on October 3, 2007).
4.3*             —
Agreement and Plan of Merger dated as of July 21, 2007 among the
  Company, GlobalSantaFe Corporation and Transocean Worldwide Inc.
  (incorporated herein by reference to Annex A to the Joint Proxy Statement of
  the Company and GlobalSantaFe filed on October 3, 2007).
4.4*             —
Global Marine Inc. 1989 Stock Option and Incentive Plan (incorporated
  herein by reference to Exhibit 10.6 of Global Marine Inc.'s Annual Report on
  Form 10-K (Commission File No. 1-5471) for the year ended December 31, 1988);
  First Amendment (incorporated herein by reference to Exhibit 10.6 of Global
  Marine Inc.'s Annual Report on Form 10-K (Commission File No. 1-5471) for the
  year ended December 31, 1990); Second Amendment (incorporated herein by
  reference to Exhibit 10.7 of Global Marine Inc.'s Annual Report on Form 10-K
  (Commission File No. 1-5471) for the year ended December 31, 1991); Third
  Amendment (incorporated herein by reference to Exhibit 10.19 of Global Marine
  Inc.'s Annual Report on Form 10-K (Commission File No. 1-5471) for the year
  ended December 31, 1993); Fourth Amendment (incorporated herein by reference
  to Exhibit 10.16 of Global Marine Inc.'s Annual Report on Form 10-K
  (Commission File No. 1-5471) for the year ended December 31, 1994); Fifth
  Amendment (incorporated herein by reference to Exhibit 10.1 of Global Marine
  Inc.'s Quarterly Report on Form 10-Q (Commission File No. 1-5471) for the
  quarter ended June 30, 1996); Sixth Amendment (incorporated herein by
  reference to Exhibit 10.18 of Global Marine Inc.'s Annual Report on Form 10-K
  (Commission File No. 1-5471) for the year ended December 31, 1996).
4.5*             —
Global Marine Inc. 1990 Non-Employee Director Stock Option Plan
  (incorporated herein by reference to Exhibit 10.18 of Global Marine Inc.'s
  Annual Report on Form 10-K (Commission File No. 1-5471) for the year ended
  December 31, 1991); First Amendment (incorporated herein by reference to
  Exhibit 10.1 of Global Marine Inc.'s Quarterly Report on Form 10-Q
  (Commission File No. 1-5471) for the quarter ended June 30, 1995);
  Second Amendment (incorporated herein by reference to Exhibit 10.37 of Global
  Marine Inc.'s Annual Report on Form 10-K (Commission File No. 1-5471) for the
  year ended December 31, 1996).
4.6*             —
1997 Long-Term Incentive Plan (incorporated herein by reference to
  GlobalSantaFe Corporation's Registration Statement on Form S-8 (No. 333-7070)
  filed June 13, 1997); Amendment to 1997 Long Term Incentive Plan
  (incorporated herein by reference to GlobalSantaFe Corporation's Annual
  Report on Form 20-F for the calendar year ended December 31, 1998);
  Amendment to 1997 Long Term Incentive Plan dated December 1, 1999
  (incorporated herein by reference to GlobalSantaFe Corporation's Annual
  Report on Form 20-F for the calendar year ended December 31, 1999).
4.7*             —
GlobalSantaFe Corporation 1998 Stock Option and Incentive Plan
  (incorporated herein by reference to Exhibit 10.1 of Global Marine Inc.'s
  Quarterly Report on Form 10-Q (Commission File No. 1-5471) for the quarter
  ended March 31, 1998); First Amendment (incorporated herein by reference to
  Exhibit 10.2 of Global Marine Inc.'s Quarterly Report on Form 10-Q
  (Commission File No. 1-5471) for the quarter ended June 30, 2000).
4.8*             —
Memorandum dated November 20, 2001, Regarding Grant of Restricted
  Stock under the GlobalSantaFe Corporation 1998 Stock Option and Incentive Plan,
  including Terms and Conditions of Restricted Stock (incorporated herein by
  reference to Exhibit 10.39 to GlobalSantaFe Corporation's Annual Report on
  Form 10-K for the year ended December 31, 2001).
4.9*             —
Form of Notice of Grant of Stock Options used for stock option grants
  under the GlobalSantaFe Corporation 1998 Stock Option and Incentive Plan
  (incorporated herein by reference to Exhibit 10.41 to GlobalSantaFe
  Corporation's Annual Report on Form 10-K for the year ended December 31,
  2001).
4.10*           —
Form of Memorandum dated March 4, 2002, Regarding Grant of
  Performance-Based Restricted Units under the GlobalSantaFe Corporation 1998
  Stock Option and Incentive Plan to certain executive officers of the Company,
  respectively, including Terms and Conditions of Performance-Based Restricted
  Units (incorporated herein by reference to Exhibit 10.40 to GlobalSantaFe
  Corporation's Annual Report on Form 10-K for the year ended December 31,
  2001).
4.11*           —
GlobalSantaFe Corporation 2001 Non-Employee Director Stock Option and
  Incentive Plan (incorporated herein by reference to the Company's
  Registration Statement on Form S-8 (No. 333-73878) filed November
  21, 2001).
4.12*           —
GlobalSantaFe Corporation 2001 Long-Term Incentive Plan (incorporated
  herein by reference to Exhibit 10.1 to GlobalSantaFe Corporation's Quarterly
  Report on Form 10-Q for the quarter ended June 30, 2001).
4.13*           —
Form of Notice of Grant of Stock Options used for stock option grants
  under the GlobalSantaFe Corporation 2001 Long-Term Incentive Plan
  (incorporated herein by reference to Exhibit 10.41 to GlobalSantaFe
  Corporation's Annual Report on Form 10-K for the year ended December 31,
  2001).
4.14*           —
Form of Memorandum dated March 4, 2002, Regarding Grant of
  Performance-Based Restricted Units under the GlobalSantaFe Corporation 2001
  Long-Term Incentive Plan to certain executive officers of the Company,
  respectively, including Terms and Conditions of Performance-Based Restricted
  Units (incorporated herein by reference to Exhibit 10.40 to GlobalSantaFe
  Corporation's Annual Report on Form 10-K for the year ended December 31,
  2001).
4.15*           —
Form of Notice of Stock Option Grant to Non-Employee Directors under
  the GlobalSantaFe Corporation 2001 Long-Term Incentive Plan (incorporated
  herein by reference to Exhibit 10.10g(3) to GlobalSantaFe Corporation's
  Annual Report on Form 10-K for the year ended December 31, 2005).
4.16*           —
GlobalSantaFe
  2003 Long-Term Incentive Plan (as Amended and Restated Effective June 7,
  2005) (incorporated herein by reference to Exhibit 10.4 to GlobalSantaFe
  Corporation's Quarterly Report on Form 10-Q for the quarter ended June 30,
  2005).
4.17*           —
Forms of Memoranda Regarding Grant of Performance Units under the
  GlobalSantaFe 2003 Long-Term Incentive Plan to certain former executive
  officers of GlobalSantaFe Corporation, including terms and conditions for
  2003-2005 and 2004-2006 performance cycles (incorporated herein by reference
  to Exhibit 10.35 to GlobalSantaFe Corporation's Annual Report on Form 10-K
  for the year ended December 31, 2003).
4.18*           —
Form of Notice of Grant of Stock Options for stock option grants
  under the GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated herein by
  reference to Exhibit 10.37 to GlobalSantaFe Corporation's Annual Report
  on Form 10-K for the year ended December 31, 2003).
4.19*           —
Form of Notice of Stock Option Grant used for new stock option grants
  to non-employee directors under the GlobalSantaFe 2003 Long-Term Incentive
  Plan (incorporated herein by reference to Exhibit 10.38 to GlobalSantaFe
  Corporation's Annual Report on Form 10-K for the year ended December 31,
  2003).
4.20*           —
Form of Notice of Grant for Non-Employee Director Restricted Stock
  Units under the GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated
  herein by reference to Exhibit 10.1 to GlobalSantaFe Corporation's
  Quarterly Report on Form 10-Q for the quarter ended June 30, 2004).
4.21*           —
Form of the Notice of Grant of Stock Options under the GlobalSantaFe
  2003 Long-Term Incentive Plan (incorporated herein by reference to Exhibit
  10.3 to GlobalSantaFe Corporation's Current Report on Form 8-K filed with the
  Commission on March 2, 2005).
4.22*           —
Form of the Notice of Grant of Performance Units under the
  GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated herein by reference
  to Exhibit 10.2 to GlobalSantaFe Corporation's Current Report on Form 8-K
  filed with the Commission on March 2, 2005).
4.23*           —
Form of the Notice of Grant of Performance-Awarded Restricted Stock
  Units under the GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated
  herein by reference to Exhibit 10.1 to GlobalSantaFe Corporation's
  Current Report on Form 8-K filed with the Commission on March 2, 2005).
4.24*           —
Form of Notice of Grant of Non-Employee Director Restricted Stock Units
  under the GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated herein by
  reference to Exhibit 10.10h(8) to GlobalSantaFe Corporation's Annual
  Report on Form 10-K for the year ended December 31, 2005).
4.25*           —
Form of Notice of Grant of Stock-Settled Stock Appreciation Rights
  under the GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated herein by
  reference to Exhibit 10.2 to GlobalSantaFe Corporation's Current Report on
  Form 8-K filed with the Commission on December 20, 2005).
4.26*           —
Form of the Notice of Grant and Specification of the Terms and
  Conditions of Non-Employee Director Stock-Settled Stock Appreciation Rights
  under the GlobalSantaFe 2003 Long-Term Incentive Plan (incorporated herein by
  reference to Exhibit 10.1 to GlobalSantaFe Corporation's Quarterly Report on
  Form 10-Q for the quarter ended June 30, 2006).
4.27*           —
Form of Notice of Grant of Stock-Settled Stock Appreciation Rights
  under the GlobalSantaFe 2003 Long-Term Incentive Plan.
5.1               —
Opinion of Walkers, Cayman Islands.
23.1             —
Consent of Ernst & Young LLP.
23.2             —
Consent of Walkers, Cayman Islands (included in Exhibit 5.1).
24.1             —
Powers of Attorney
*              Incorporated
herein by reference as indicated.