<html>

<body>

<font SIZE="1">
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">As filed with the Securities and Exchange Commission on May
17, 2005.</p>
<p ALIGN="RIGHT" style="margin-top: 0; margin-bottom: 0">Registration No. 333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p>
<hr>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0"></font><font SIZE="3">SECURITIES AND EXCHANGE COMMISSION</p>
</font><font SIZE="1">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Washington, D.C. 20549</p>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">__________<br>
&nbsp;</p>
</font><font SIZE="5"><b>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">FORM S-8</p>
</b></font><font SIZE="3">
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">REGISTRATION STATEMENT</p>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">under</p>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">THE SECURITIES ACT OF 1933</p>
</font><font SIZE="2">
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">__________<br>
&nbsp;</p>
</font><font SIZE="4"><b>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">STOLT OFFSHORE S.A.</p>
</b></font><font SIZE="2"><i>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">(Exact name of registrant as specified in its charter)<br>
&nbsp;</p>
</i>
<table border="0" width="100%" id="table1" cellspacing="0" cellpadding="0">
	<tr>
		<td width="80" valign="top" align="center">
<p style="margin-top: 0; margin-bottom: 0"><font SIZE="2"><b>
&nbsp;&nbsp;
</b>
</font></p>
		</td>
		<td width="223" valign="top" align="center">
<p style="margin-top: 0; margin-bottom: 0"><font SIZE="2"><b>
Luxembourg&nbsp;&nbsp;
</b>
</font></p>
		<p style="margin-top: 0; margin-bottom: 0"><font SIZE="2"><i>
		(State or other jurisdiction
</i>
</font></p>
		<p style="margin-top: 0; margin-bottom: 0"><font SIZE="2"><i>
		of incorporation or organization)</i></font></p>
		</td>
		<td valign="top" align="center">&nbsp;</td>
		<td width="318" valign="top" align="center">
<p style="margin-top: 0; margin-bottom: 0"><font SIZE="2"><b>
&nbsp;Not Applicable&nbsp;&nbsp;
</b>
</font></p>
		<p style="margin-top: 0; margin-bottom: 0"><font SIZE="2"><i>
		(I.R.S. Employer</i></font></p>
		<p style="margin-top: 0; margin-bottom: 0"><font SIZE="2"><i>
		Identification Number)</i></font></p>
		</td>
	</tr>
</table>
<i>
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
</i>
<b>
<table border="0" width="100%" id="table4" cellspacing="0" cellpadding="0">
	<tr>
		<td width="80" valign="top" align="center">
<p style="margin-top: 0; margin-bottom: 0"><font SIZE="2"><b>
&nbsp;&nbsp;
</b>
</font></p>
		</td>
		<td width="223" valign="top" align="center">
<font SIZE="2">
<b>
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0">c/o Stolt Offshore M.S. Ltd.</p>
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0">Dolphin House</p>
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0">Windmill Road</p>
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0">Sunbury-on-Thames</p>
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0">Middlesex, England </p>
</b>
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><i>
(Address of Registrant's
</i></p>
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><i>
principal executive offices)</i></font></p>
		</td>
		<td valign="top" align="center">&nbsp;</td>
		<td width="318" valign="middle" align="center">
<font SIZE="2">
<b>
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0">TW167HT</p>
</b><i>
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0">(Zip Code)</p>
</i>
</font>
		</td>
	</tr>
</table>
</b><i>
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
</i><b>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Stolt Offshore Inc. 401(k) Profit Sharing Plan and Trust</p>
</b><i>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">(Full title of the Plan)</p>
</i>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">__________<br>
&nbsp;</p>
</font><font SIZE="1">
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0"></font><font SIZE="2"><b>Quinn Hebert</p>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Stolt Offshore Inc.</p>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">10787 Clay Road</p>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Houston, Texas 77041</p>
</b><i>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">(Name and address of agent for service)</p>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
</i><b>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">(713) 430-1100</p>
</b><i>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">(Telephone number, including area code,</p>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">of agent for service)</p>
</i>
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"></p>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Copy to:</p>
<b>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Margaret F. Murphy</p>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Jones, Walker, Waechter, Poitevent, Carr&#232;re&nbsp;&amp; Den&#232;gre, L.L.P.</p>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">201 St. Charles Avenue</p>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">New Orleans, Louisiana 70170-5100</p>
</b></font>
<table CELLSPACING="0" CELLPADDING="0" WIDTH="100%" style="border-width: 0">
  <tr>
    <td WIDTH="33%" VALIGN="bottom" style="border-right:1px solid #000000; border-left-style: none; border-left-width: medium; border-top: 3px double #000000; " align="center"><font SIZE="2">
	<p style="margin-top: 0; margin-bottom: 0">Title of Securities</p>
    <p style="margin-top: 0; margin-bottom: 0">to be Registered</font></td>
    <td WIDTH="15%" VALIGN="bottom" style="border-right:1px solid #000000; border-top: 3px double #000000; " align="center"><font SIZE="2">
	<p style="margin-top: 0; margin-bottom: 0">Amount</p>
	<p style="margin-top: 0; margin-bottom: 0">to be</p>
    <p style="margin-top: 0; margin-bottom: 0">Registered<sup>(2)</sup></font></td>
    <td WIDTH="19%" VALIGN="bottom" style="border-right:1px solid #000000; border-top: 3px double #000000; " align="center"><font SIZE="2">
    <p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Proposed Maximum</p>
    <p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Offering Price</p>
    <p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Per Share</font></td>
    <td WIDTH="18%" VALIGN="bottom" style="border-right:1px solid #000000; border-top: 3px double #000000; " align="center"><font SIZE="2">
	<p style="margin-top: 0; margin-bottom: 0">Proposed Maximum</p>
	<p style="margin-top: 0; margin-bottom: 0">Aggregate</p>
    <p style="margin-top: 0; margin-bottom: 0">Offering Price</font></td>
    <td WIDTH="15%" VALIGN="bottom" style="border-right-style: none; border-right-width: medium; border-top: 3px double #000000; " align="center"><font SIZE="2">
	<p style="margin-top: 0; margin-bottom: 0">Amount of</p>
	<p style="margin-top: 0; margin-bottom: 0">Registration</p>
    <p style="margin-top: 0; margin-bottom: 0">Fee</font></td>
  </tr>
  <tr>
    <td WIDTH="33%" VALIGN="TOP" style="border-right:1px solid #000000; border-left-style: none; border-left-width: medium; border-top: 1px solid #000000; "><font SIZE="2">
	<p style="margin-top: 0; margin-bottom: 0">Common Shares
    </p>
    <p style="margin-top: 0; margin-bottom: 0">($2.00 par value per share)</p>
    <p style="margin-top: 0; margin-bottom: 0">represented by American</p>
    <p style="margin-top: 0; margin-bottom: 0">Depositary Shares<sup>(1)</sup></p>
	<p style="margin-top: 0; margin-bottom: 0"><sup>&nbsp;</sup> </p>
    </font></td>
    <td WIDTH="15%" VALIGN="TOP" style="border-right:1px solid #000000; border-top: 1px solid #000000; " align="center">
	<p style="margin-top: 0; margin-bottom: 0"><font SIZE="2">2,000,000</font></td>
    <td WIDTH="19%" VALIGN="TOP" style="border-right:1px solid #000000; border-top: 1px solid #000000; " align="center">
	<p style="margin-top: 0; margin-bottom: 0"><font SIZE="2">$7.265<sup>(3)</sup></font></td>
    <td WIDTH="18%" VALIGN="TOP" style="border-right:1px solid #000000; border-top: 1px solid #000000; " align="center">
	<p style="margin-top: 0; margin-bottom: 0"><font SIZE="2">$14,530,000<sup>(3)</sup></font></td>
    <td WIDTH="15%" VALIGN="TOP" style="border-right-style: none; border-right-width: medium; border-top: 1px solid #000000; " align="center"><font SIZE="2">
	<p style="margin-top: 0; margin-bottom: 0">$1,710.18</p>
	<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
    <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
    <p style="margin-top: 0; margin-bottom: 0"></font></td>
  </tr>
  <tr>
    <td WIDTH="33%" VALIGN="TOP" style="border-right:1px solid #000000; border-left-style: none; border-left-width: medium; border-bottom: 3px double #000000"><font SIZE="2">
    <p style="margin-top: 0; margin-bottom: 0">Participation interests </p>
    <p style="margin-top: 0; margin-bottom: 0">in the 401(k) Profit Sharing Plan and Trust</font></td>
    <td WIDTH="15%" VALIGN="TOP" style="border-right:1px solid #000000; border-bottom: 3px double #000000" align="center">
	<font size="2">&nbsp;</font></td>
    <td WIDTH="19%" VALIGN="TOP" style="border-right:1px solid #000000; border-bottom: 3px double #000000" align="center">
	<font size="2">&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP" style="border-right:1px solid #000000; border-bottom: 3px double #000000" align="center">
	<font size="2">&nbsp;</font></td>
    <td WIDTH="15%" VALIGN="TOP" style="border-right-style: none; border-right-width: medium; border-bottom: 3px double #000000" align="center">
	<font size="2">&nbsp;$ 0</font></td>
  </tr>
</table>
  <font SIZE="1">
  <p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<table border="0" width="100%" id="table2" cellspacing="0" cellpadding="0">
	<tr>
		<td valign="top">
		<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0">
  <font SIZE="1">
  &nbsp; (1)</font></p></td>
		<td valign="top" width="726">
		<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0">
		<font SIZE="1">
  		A separate registration statement on Form F-6 (No.
  333-90470) has been declared effective with respect to the American Depositary
  Shares, represented by American Depositary Receipts, issuable on the basis of
  one American Depositary Share for each Common Share. <br>
&nbsp;</font></p></td>
	</tr>
	<tr>
		<td valign="top">
		<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0">
  <font SIZE="1">
  &nbsp; (2)</font></p></td>
		<td valign="top" width="726">
		<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0">
		<font SIZE="1">
  		Upon a stock split, stock dividend or similar
  transaction in the future and during the effectiveness of this Registration
  Statement involving Common Shares of the Company, the number of shares
  registered shall be automatically increased to cover the additional shares in
  accordance with Rule 416 under the Securities Act of 1933.<br>
&nbsp;</font></p></td>
	</tr>
	<tr>
		<td valign="top" style="border-bottom: 2px solid #000000">
		<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0">
  <font SIZE="1">
  &nbsp; (3)</font></p></td>
		<td valign="top" width="726" style="border-bottom: 2px solid #000000">
		<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0">
		<font SIZE="1">
  		Estimated solely for the purpose of calculating the
  registration fee pursuant to Rule 457(c) and (h) under the Securities Act of
  1933, based on the average of the high and low price per share of the American
  Depositary Shares (each representing one Common Share) on the Nasdaq Stock
  Market on May 13, 2005.<br>
&nbsp;</font></p></td>
	</tr>
</table>
</font><font SIZE="2"><b>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">PART II</p>
<p ALIGN="CENTER">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</p>
<p ALIGN="JUSTIFY">Item 3.&nbsp;&nbsp;&nbsp;&nbsp; Incorporation of Documents by Reference.</p>
</b>
<p style="text-indent: 44px">The following documents, which have been filed by Stolt Offshore S.A. (the
&quot;Registrant&quot;) or the Stolt Offshore Inc. 401(k) Profit Sharing Plan and Trust
(the &quot;Plan&quot;) with the Securities and Exchange Commission (the &quot;Commission&quot;)
pursuant to the Securities Exchange Act of 1934, as amended (the &quot;Exchange
Act&quot;), are incorporated herein by reference:</p>
<p style="text-indent: 44px">(a)&nbsp;&nbsp;&nbsp;&nbsp; The Registrant's Annual Report on Form 20-F for the fiscal year ended
November&nbsp;30, 2003 (including the description of the 2,000,000 Common Shares
contained therein);</p>
<p style="text-indent: 44px">(b)&nbsp;&nbsp;&nbsp;&nbsp; The Registrant's Reports on Form 6-K furnished to the Commission on
December&nbsp;22 and 30, 2003, January 16 and 22, 2004, February 6, 13, 17 and 18,
2004, March 11, 15 and 18, 2004, April 23, 2004, May 7 and 17, 2004, June 1,
3 and 10, 2004, July 13, 2004, October 13, 2004, November 18, 2004, December 8,
2004, January 10 and 14, 2005, February 3 and 24, 2005, and April 11 and 15,
2005; and </p>
<p style="text-indent: 44px">(c)&nbsp;&nbsp;&nbsp;&nbsp; The Plan's Annual Report on Form 11-K for the year ended December 31,
2003, filed pursuant to Section 15(d) of the Exchange Act.</p>
<p style="text-indent: 44px">All reports filed by the Registrant or the Plan with the Commission pursuant
to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act subsequent to the
date of this Registration Statement and prior to the filing of a post-effective
amendment which indicates that all securities offered have been sold or which
deregisters all securities then remaining unsold shall, except to the extent
otherwise provided by Regulation S-K or any other rule promulgated by the
Commission, be deemed to be incorporated by reference in this Registration
Statement and to be part hereof from the date of filing of such documents.</p>
<p style="text-indent: 44px">Any statements contained in a document incorporated or deemed to be
incorporated herein by reference 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 document which also is
incorporated or is deemed to be incorporated by reference herein) modifies or
supersedes such statement. Any such statement so modified or superseded shall
not be deemed, except as so modified or superseded, to constitute a part of this
Registration Statement.</p>
<b>
<p ALIGN="JUSTIFY">Item 4.&nbsp;&nbsp;&nbsp;&nbsp; Description of Securities</b>. </p>
<p style="text-indent: 44px">Not applicable.</p>
<b>
<p ALIGN="JUSTIFY">Item 5.&nbsp;&nbsp;&nbsp;&nbsp; Interests of Named Experts and Counsel</b>.</p>
<p style="text-indent: 44px">Not applicable.</p>
<b>
<p ALIGN="JUSTIFY">Item 6.&nbsp;&nbsp;&nbsp;&nbsp; Indemnification of Directors and Officers.</p>
</b>
<p style="text-indent: 44px">The Registrant's Articles of Incorporation provide that the Registrant shall
indemnify any present or former director or officer to the fullest extent
permitted by law against liability and all expenses reasonably incurred or paid
by him in connection with any claim, action, suit or proceeding (whether civil,
criminal, or otherwise, including appeals), actual or threatened, in which he
becomes involved as a party or otherwise, by virtue of his being or having been
such director or officer, and against amounts paid or incurred by him in the
settlement thereof; provided, however, that the Registrant is not obligated to
provide such indemnification or reimbursement; (i) against any liability to the
Registrant or its shareholders by reason of willful misfeasance, bad faith,
gross negligence or reckless disregard of the duties involved in the conduct of
his office; (ii) with respect to any matter as to which he shall have been
finally adjudicated to have acted in bad faith and not in the interest of the
Registrant; or (iii) in the event of a settlement, unless the settlement has
been approved by the court or by the Board of Directors. Such indemnification
includes, without limitation, attorneys' fees, costs, judgment, and amounts paid
in settlement.</p>
<p style="text-indent: 44px">In each case, the enforceability of the Registrant's obligation to indemnify,
pay or reimburse a director or officer would be limited by the laws of
Luxembourg. The Registrant has been advised by Elvinger, Hoss &amp; Prussen, its
Luxembourg counsel, that under Luxembourg law indemnification of directors and
officers is a matter of contract, and that the Articles of Incorporation would
be enforceable as such as a contract.</p>
<b>
<p ALIGN="JUSTIFY">Item 7.&nbsp;&nbsp;&nbsp;&nbsp; Exemption From Registration Claimed</b>.</p>
</font><font SIZE="3">
</font><font SIZE="2">
<p style="text-indent: 44px">Not applicable.</p>
<b>
<p ALIGN="JUSTIFY">Item 8.&nbsp;&nbsp;&nbsp;&nbsp; Exhibits.</p>
</b>
</font><font SIZE="3">
<table border="0" width="100%" id="table3" cellspacing="0" cellpadding="0">
	<tr>
		<td valign="top" align="center"><font size="2">&nbsp;</font></td>
		<td valign="top" align="center" width="34"><font SIZE="2">
        4.1</font></td>
		<td valign="top" width="682" align="left">
		<p><font SIZE="2">
        Amended and Restated Deposit Agreement among the
        Registrant, Citibank, N.A., as depositary, and all holders and
        beneficial owners from time to time of American Depositary Receipts
        issued thereunder (incorporated by reference from Exhibit&nbsp;(a) to the
        Registrant's Registration Statement on Form F-6 (No. 333-90470) filed
        with the Commission on June 10, 2002).<br>
&nbsp;</font></p></td>
	</tr>
	<tr>
		<td valign="top" align="center"><font size="2">&nbsp;</font></td>
		<td valign="top" align="center" width="34"><font SIZE="2">
        4.2</font></td>
		<td valign="top" width="682" align="left">
		<p><font SIZE="2">
        &nbsp;Form of Supplemental Agreement to Deposit
        Agreement by and among the Registrat, Deutsche Bank Trust Company
        Americas, as successor depositary, and all holders and beneficial owners
        from time to time of American Depositary Shares evidenced by American
        Depositary Receipts issued thereunder (incorporated by reference from
        Exhibit&nbsp;(a)(2) to the Registrant's Registration Statement on Form F-6
        (No. 333-123139) filed with the Commission on March 4, 2005).<br>
&nbsp;</font></p>
		</td>
	</tr>
	<tr>
		<td valign="top" align="center"><font size="2">&nbsp;</font></td>
		<td valign="top" align="center" width="34"><font SIZE="2">
        4.3</font></td>
		<td valign="top" width="682" align="left">
		<p><font SIZE="2">
        &nbsp;Form of American Depositary Receipts (included in
        Exhibit 4.2).<br>
&nbsp;</font></p></td>
	</tr>
	<tr>
		<td valign="top" align="center"><font size="2">&nbsp;</font></td>
		<td valign="top" align="center" width="34"><font size="2">5.1</font></td>
		<td valign="top" width="682" align="left"><font SIZE="2">
        Internal Revenue Service determination letter issued August 26, 2004.
    	<br>
&nbsp;</font></td>
	</tr>
	<tr>
		<td valign="top" align="center"><font size="2">&nbsp;</font></td>
		<td valign="top" align="center" width="34"><font size="2">5.2</font></td>
		<td valign="top" width="682" align="left"><font SIZE="2">
        Internal Revenue Service determination letter issued January 30, 1995.
    	<br>
&nbsp;</font></td>
	</tr>
	<tr>
		<td valign="top" align="center"><font size="2">&nbsp;</font></td>
		<td valign="top" align="center" width="34"><font SIZE="2">
        23.1</font></td>
		<td valign="top" width="682" align="left">
		<p><font SIZE="2">
        &nbsp;Consent of Deloitte &amp; Touche LLP.<br>
&nbsp;</font></p></td>
	</tr>
	<tr>
		<td valign="top" align="center"><font size="2">&nbsp;</font></td>
		<td valign="top" align="center" width="34"><font SIZE="2">
        23.2</font></td>
		<td valign="top" width="682" align="left">
		<p><font SIZE="2">
        &nbsp;Consent of Deloitte &amp; Touche LLP.<br>
&nbsp;</font></p></td>
	</tr>
	<tr>
		<td valign="top" align="center"><font size="2">&nbsp;</font></td>
		<td valign="top" align="center" width="34"><font SIZE="2">
        23.3</font></td>
		<td valign="top" width="682" align="left">
		<p><font SIZE="2">
        &nbsp;Consent of Elvinger, Hoss &amp; Prussen<br>
&nbsp;</font></p></td>
	</tr>
	<tr>
		<td valign="top" align="center"><font size="2">&nbsp;</font></td>
		<td valign="top" align="center" width="34"><font SIZE="2">
        24</font></td>
		<td valign="top" width="682" align="left">
		<p><font SIZE="2">
        &nbsp;Power of Attorney (included in the signature pages
        of this Registration Statement) </font></p></td>
	</tr>
</table>
        </font><font SIZE="2">
<b>
<p ALIGN="JUSTIFY">Item 9.&nbsp;&nbsp;&nbsp;&nbsp; Undertakings.</p>
</b>
        </font><font SIZE="3">
        </font>
<p style="text-indent: 44px">
        <font SIZE="2">(a)&nbsp;&nbsp;&nbsp;&nbsp; The undersigned registrant hereby undertakes:</p>
<p style="text-indent: 78px">(1)&nbsp;&nbsp;&nbsp;&nbsp; To file, during any period in which offers or sales are being made and to
the extent required by the Securities Act of 1933 and the rules and regulations
promulgated thereunder, a post-effective amendment to this registration
statement:</p>
<p style="text-indent: 110px">(i)&nbsp;&nbsp;&nbsp;&nbsp; To include any prospectus required by section 10(a)(3) of the Securities
Act of 1933;</p>
<p style="text-indent: 110px">(ii)&nbsp;&nbsp;&nbsp;&nbsp; To reflect in the prospectus any facts or events arising after the
effective date of this 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 this 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 prospectus
filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in
volume and price represent no more than a 20 percent change in the maximum
aggregate offering price set forth in the &quot;Calculation of Registration Fee&quot;
table in the effective registration statement;</p>
<p style="text-indent: 110px">(iii)&nbsp;&nbsp;&nbsp;&nbsp; To include any material information with respect to the plan of
distribution not previously disclosed in this registration statement or any
material change to such information in this registration statement; </p>
<p style="text-indent: 78px"><i>Provided, however,</i> that paragraphs (a)(1)(i) and (a)(1)(ii) do not
apply if the information required to be included in a post-effective amendment
by those paragraphs is contained in periodic reports filed by the registrant
pursuant to Section13 or Section 15(d) of the Securities Exchange Act of 1934
that are incorporated by reference in this registration statement.</p>
<p style="text-indent: 78px">(2)&nbsp;&nbsp;&nbsp;&nbsp; That, for the purpose of determining any liability under the Securities
Act of 1933, each such post-effective amendment filed for such purposes 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. </p>
<p style="text-indent: 78px">(3)&nbsp;&nbsp;&nbsp;&nbsp; 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. </p>
<p style="text-indent: 44px">(b)&nbsp;&nbsp;&nbsp;&nbsp; The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
registrant's annual report pursuant to section 13(a) or section 15(d) of the
Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
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 <i>bona fide</i> offering
thereof.</p>
<p style="text-indent: 44px">(c)&nbsp;&nbsp;&nbsp;&nbsp; Insofar as indemnification for liabilities arising under the Securities
Act of 1933 may be permitted to directors, officers and controlling persons of
the registrant pursuant to the foregoing provisions, or otherwise, the
registrant has been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public policy as expressed in the 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 proceedings) 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 of whether such indemnification by it is
against public policy as expressed in the Act and will be governed by the final
adjudication of such issue.</p>
<p></p>
<hr>
<p ALIGN="JUSTIFY"></p>
<b>
<p ALIGN="CENTER">SIGNATURES</p>
</b>
<b>
<p style="text-indent: 44px">The Registrant</b>. Pursuant to the requirements of the
Securities Act of 1933, the Registrant certifies that it has reasonable grounds
to believe that it meets all 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 the city of Sunbury-on-Thames,
Middlesex, England, on this 16th day of May, 2005.</p>
<table border="0" width="100%" id="table5" cellspacing="0" cellpadding="0">
	<tr>
		<td valign="top"><font size="2">&nbsp;</font></td>
		<td width="369" colspan="2" valign="top"><font SIZE="2">STOLT OFFSHORE S.A.
</font>
		<p><font size="2">&nbsp;</font></td>
	</tr>
	<tr>
		<td valign="top"><font size="2">&nbsp;</font></td>
		<td width="42" valign="top"><font size="2">&nbsp;By: </font></td>
		<td width="327" valign="top" align="center">
		<div style="border-bottom-style: solid; border-bottom-width: 1px">
			<font size="2">&nbsp;/s/ Tom Ehret </font></div>
		</td>
	</tr>
	<tr>
		<td valign="top"><font size="2">&nbsp;</font></td>
		<td width="42" valign="top"><font size="2">&nbsp;</font></td>
		<td width="327" valign="top" align="center"><font size="2">&nbsp;Tom Ehret</font></td>
	</tr>
	<tr>
		<td valign="top"><font size="2">&nbsp;</font></td>
		<td width="42" valign="top"><font size="2">&nbsp;</font></td>
		<td width="327" valign="top" align="center"><font size="2">&nbsp;Chief Executive Officer and Director</font></td>
	</tr>
</table>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="CENTER">POWER OF ATTORNEY</p>
</b>
<p style="text-indent: 44px">KNOW ALL MEN BY THESE PRESENTS, that each person whose
signature appears immediately below constitutes and appoints each of Johan
Rasmussen, Tom Ehret and Stuart Jackson, or any one of them, his true and lawful
attorney-in-fact and agent, with full power of substitution, for him and in his
name, place and stead, in any and all capacities, to sign any and all amendments
(including post-effective amendments) to this Registration Statement, and to
file the same with all exhibits thereto, and other documents in connection
therewith, with the Securities and Exchange Commission, granting unto said
attorney-in-fact and agent full power and authority to do and perform each and
every act and thing requisite and necessary to be done, as fully to all intents
and purposes as he might or could do in person, hereby ratifying and confirming
all that said attorney-in-fact and agent or his substitute or substitutes may
lawfully do or cause to be done by virtue hereof. </p>
<p style="text-indent: 44px">Pursuant to the requirements of the Securities Act of 1933,
as amended, this Registration Statement has been signed by the following persons
in the capacities and on the dates indicated.</p>
<p ALIGN="JUSTIFY"></p>
<table border="0" width="100%" id="table6" cellspacing="0" cellpadding="0">
	<tr>
		<td align="center" valign="top" width="266">
<p style="margin-top: 0; margin-bottom: 0"><font SIZE="2"><u>Signature</u> <u>&nbsp; </u>
</font>

		</p>
		</td>
		<td align="center" valign="top" width="275">
<p style="margin-top: 0; margin-bottom: 0"><font SIZE="2"> <u>&nbsp;Title</u> <u>&nbsp;
</u>
</font>

		</p>
		</td>
		<td align="center" valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font SIZE="2"> <u>&nbsp;Date</u></font></p>
		</td>
	</tr>
	<tr>
		<td valign="top" width="266"><font size="2">&nbsp;</font></td>
		<td valign="top" width="275"><font size="2">&nbsp;</font></td>
		<td valign="top"><font size="2">&nbsp;</font></td>
	</tr>
	<tr>
		<td valign="top" width="266" style="border-bottom: 1px solid #000000">
		<p ALIGN="center" style="margin-top: 0; margin-bottom: 0">
		<font SIZE="2">/s/ Tom Ehret&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top" width="275">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">&nbsp;Chief Executive Officer and Director&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">
May 16, 2005</font></p>
		</td>
	</tr>
	<tr>
		<td valign="top" width="266">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">Tom Ehret&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top" width="275">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">&nbsp;(Principal Executive Officer)&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font size="2">&nbsp;</font></p>
		</td>
	</tr>
	<tr>
		<td valign="top" width="266"><font size="2">&nbsp;</font></td>
		<td valign="top" width="275"><font size="2">&nbsp;</font></td>
		<td valign="top"><font size="2">&nbsp;</font></td>
	</tr>
	<tr>
		<td valign="top" width="266" style="border-bottom: 1px solid #000000">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">/s/ Stuart Jackson&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top" width="275">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">&nbsp;Chief Financial Officer&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">
May 16, 2005</font></p>
		</td>
	</tr>
	<tr>
		<td valign="top" width="266">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">Stuart Jackson&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top" width="275">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">&nbsp;(Principal Financial Officer and&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font size="2">&nbsp;</font></p>
		</td>
	</tr>
	<tr>
		<td valign="top" width="266">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font size="2">&nbsp;</font></p>
		</td>
		<td valign="top" width="275">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">Principal Accounting Officer)&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font size="2">&nbsp;</font></p>
		</td>
	</tr>
	<tr>
		<td valign="top" width="266"><font size="2">&nbsp;</font></td>
		<td valign="top" width="275"><font size="2">&nbsp;</font></td>
		<td valign="top"><font size="2">&nbsp;</font></td>
	</tr>
	<tr>
		<td valign="top" width="266" style="border-bottom: 1px solid #000000">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">/s/ Mark Woolveridge&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top" width="275">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">&nbsp;Chairman of the&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">
May 16, 2005</font></p>
		</td>
	</tr>
	<tr>
		<td valign="top" width="266">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">Mark Woolveridge&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top" width="275">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">&nbsp;Board of Directors&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font size="2">&nbsp;</font></p>
		</td>
	</tr>
	<tr>
		<td valign="top" width="266"><font size="2">&nbsp;</font></td>
		<td valign="top" width="275"><font size="2">&nbsp;</font></td>
		<td valign="top"><font size="2">&nbsp;</font></td>
	</tr>
	<tr>
		<td valign="top" width="266" style="border-bottom: 1px solid #000000">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">/s/ J. Frithjof Skouveroe&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top" width="275">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">&nbsp;Director&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">
May 16, 2005</font></p>
		</td>
	</tr>
	<tr>
		<td valign="top" width="266">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">J. Frithjof Skouveroe&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top" width="275">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font size="2">&nbsp;</font></p>
		</td>
	</tr>
	<tr>
		<td valign="top" width="266"><font size="2">&nbsp;</font></td>
		<td valign="top" width="275"><font size="2">&nbsp;</font></td>
		<td valign="top"><font size="2">&nbsp;</font></td>
	</tr>
	<tr>
		<td valign="top" width="266" style="border-bottom: 1px solid #000000">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">/s/ James B. Hurlock&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top" width="275">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">&nbsp;Director&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">
May 16, 2005</font></p>
		</td>
	</tr>
	<tr>
		<td valign="top" width="266">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">James B. Hurlock&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top" width="275">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font size="2">&nbsp;</font></p>
		</td>
	</tr>
	<tr>
		<td valign="top" width="266"><font size="2">&nbsp;</font></td>
		<td valign="top" width="275"><font size="2">&nbsp;</font></td>
		<td valign="top"><font size="2">&nbsp;</font></td>
	</tr>
	<tr>
		<td valign="top" width="266" style="border-bottom: 1px solid #000000">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">/s/ Haakon Lorentzen&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top" width="275">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">&nbsp;Director&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">
May 16, 2005</font></p>
		</td>
	</tr>
	<tr>
		<td valign="top" width="266">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">Haakon Lorentzen&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top" width="275">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font size="2">&nbsp;</font></p>
		</td>
	</tr>
	<tr>
		<td valign="top" width="266"><font size="2">&nbsp;</font></td>
		<td valign="top" width="275"><font size="2">&nbsp;</font></td>
		<td valign="top"><font size="2">&nbsp;</font></td>
	</tr>
	<tr>
		<td valign="top" width="266" style="border-bottom: 1px solid #000000">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">/s/ Trond O. Westlie&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top" width="275">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">&nbsp;Director&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">
May 16, 2005</font></p>
		</td>
	</tr>
	<tr>
		<td valign="top" width="266">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">Trond O. Westlie&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top" width="275">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font size="2">&nbsp;</font></p>
		</td>
	</tr>
	<tr>
		<td valign="top" width="266"><font size="2">&nbsp;</font></td>
		<td valign="top" width="275"><font size="2">&nbsp;</font></td>
		<td valign="top"><font size="2">&nbsp; </font></td>
	</tr>
	<tr>
		<td valign="top" width="266" style="border-bottom: 1px solid #000000">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">/s/ George H. Doremus&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top" width="275">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">&nbsp;Director&nbsp;&nbsp;
</font>

		</p>
		</td>
		<td valign="top">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">
May 16, 2005</font></p>
		</td>
	</tr>
	<tr>
		<td valign="top" width="266">
		<p align="center"><font SIZE="2">George H. Doremus&nbsp;&nbsp;&nbsp;
</font>

		</td>
		<td valign="top" width="275">
		<p align="center"><font size="2">&nbsp;</font></td>
		<td valign="top">
		<p align="center"><font size="2">&nbsp;</font></td>
	</tr>
</table>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="38%" id="table7" cellspacing="0" cellpadding="0">
	<tr>
		<td width="294" colspan="2" valign="top"><font SIZE="2">STOLT OFFSHORE
		INC. <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;duly authorized representative in the<br>
		&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United States of each foreign person<br>
		&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;signing this Registration Statement</font><p><font size="2">&nbsp;</font></td>
	</tr>
	<tr>
		<td width="42" valign="top"><font size="2">&nbsp;By: </font></td>
		<td width="248" valign="top" align="center">
		<div style="border-bottom-style: solid; border-bottom-width: 1px">
			<font size="2">&nbsp;/s/ Quinn Herbert</font></div>
		</td>
	</tr>
	<tr>
		<td width="42" valign="top"><font size="2">&nbsp;</font></td>
		<td width="248" valign="top" align="center"><font size="2">&nbsp;Quinn
		Hebert</font></td>
	</tr>
	<tr>
		<td width="42" valign="top"><font size="2">&nbsp;</font></td>
		<td width="248" valign="top" align="center"><font size="2">&nbsp;President</font></td>
	</tr>
</table>
<b>
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="text-indent: 44px">The Plan</b>. Pursuant to the requirements of the Securities
Act of 1933, the Plan has duly caused this Registration Statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in the City of
Houston, State of Texas on May 16, 2005.</p>
<p ALIGN="JUSTIFY"></p>
<table border="0" width="100%" id="table8" cellspacing="0" cellpadding="0">
	<tr>
		<td valign="top"><font size="2">&nbsp;</font></td>
		<td width="369" colspan="2" valign="top"><font SIZE="2">STOLT OFFSHORE
		INC. <br>
		401(K) PROFIT SHARING PLAN AND TRUST</font><p><font size="2">&nbsp;</font></td>
	</tr>
	<tr>
		<td valign="top"><font size="2">&nbsp;</font></td>
		<td width="42" valign="top"><font size="2">&nbsp;By: </font></td>
		<td width="327" valign="top" align="center">
		<div style="border-bottom-style: solid; border-bottom-width: 1px">
			<font size="2">&nbsp;/s/ Mark A. Waddell </font></div>
		</td>
	</tr>
	<tr>
		<td valign="top"><font size="2">&nbsp;</font></td>
		<td width="42" valign="top"><font size="2">&nbsp;</font></td>
		<td width="327" valign="top" align="center"><font size="2">&nbsp;Human
		Resources Director/Trustee</font></td>
	</tr>
	<tr>
		<td valign="top"><font size="2">&nbsp;</font></td>
		<td width="42" valign="top"><font size="2">&nbsp;Title: </font></td>
		<td width="327" valign="top" align="center"><font size="2">&nbsp;Chief Executive Officer and Director<br>
		of Stolt Offshore Inc., <br>
		the Plan Administrator</font></td>
	</tr>
</table>
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
</font>

</body>

</html>
[{"type": "S-8", "sequence": "1", "filename": "form-s8_051705.htm", "secsgml_size_bytes": 41768}]
{"company-data": {"conformed-name": "STOLT OFFSHORE S A", "cik": "0000898685", "assigned-sic": "1389", "irs-number": "000000000", "fiscal-year-end": "1130"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-124997", "film-number": "05838058"}, "business-address": {"street1": "C/O STOLT COMEX SEAWAY MS LTD", "street2": "BUCKSBURN HOUSE HOWES RD BUCKSBURN", "city": "ABERDEEN", "state": "L2", "zip": "AB21 9RQ", "phone": "2036253667"}, "mail-address": {"street1": "C/O STOLT COMEX SEAWAY M S LTD", "street2": "BUCKSBURN HOUSE HOWES ROAD BUCKSBURN", "city": "ABERDEEN", "state": "L2", "zip": "AB21 9RQ"}, "former-company": {"former-conformed-name": "STOLT COMEX SEAWAY S A", "date-changed": "19930315"}}
As filed with the Securities and Exchange Commission on May
17, 2005.
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________
FORM S-8
REGISTRATION STATEMENT
under
THE SECURITIES ACT OF 1933
__________
STOLT OFFSHORE S.A.
(Exact name of registrant as specified in its charter)
Luxembourg
(State or other jurisdiction
of incorporation or organization)
Not Applicable
(I.R.S. Employer
Identification Number)
c/o Stolt Offshore M.S. Ltd.
Dolphin House
Windmill Road
Sunbury-on-Thames
Middlesex, England
(Address of Registrant's
principal executive offices)
TW167HT
(Zip Code)
Stolt Offshore Inc. 401(k) Profit Sharing Plan and Trust
(Full title of the Plan)
__________
Quinn Hebert
Stolt Offshore Inc.
10787 Clay Road
Houston, Texas 77041
(Name and address of agent for service)
(713) 430-1100
(Telephone number, including area code,
of agent for service)
Copy to:
Margaret F. Murphy
Jones, Walker, Waechter, Poitevent, Carrère & Denègre, L.L.P.
201 St. Charles Avenue
New Orleans, Louisiana 70170-5100
Title of Securities
to be Registered
Amount
to be
Registered
(2)
Proposed Maximum
Offering Price
Per Share
Proposed Maximum
Aggregate
Offering Price
Amount of
Registration
Fee
Common Shares
($2.00 par value per share)
represented by American
Depositary Shares
(1)
2,000,000
$7.265
(3)
$14,530,000
(3)
$1,710.18
Participation interests
in the 401(k) Profit Sharing Plan and Trust
$ 0
(1)
A separate registration statement on Form F-6 (No.
  333-90470) has been declared effective with respect to the American Depositary
  Shares, represented by American Depositary Receipts, issuable on the basis of
  one American Depositary Share for each Common Share.
(2)
Upon a stock split, stock dividend or similar
  transaction in the future and during the effectiveness of this Registration
  Statement involving Common Shares of the Company, the number of shares
  registered shall be automatically increased to cover the additional shares in
  accordance with Rule 416 under the Securities Act of 1933.
(3)
Estimated solely for the purpose of calculating the
  registration fee pursuant to Rule 457(c) and (h) under the Securities Act of
  1933, based on the average of the high and low price per share of the American
  Depositary Shares (each representing one Common Share) on the Nasdaq Stock
  Market on May 13, 2005.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.     Incorporation of Documents by Reference.
The following documents, which have been filed by Stolt Offshore S.A. (the
"Registrant") or the Stolt Offshore Inc. 401(k) Profit Sharing Plan and Trust
(the "Plan") with the Securities and Exchange Commission (the "Commission")
pursuant to the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), are incorporated herein by reference:
(a)     The Registrant's Annual Report on Form 20-F for the fiscal year ended
November 30, 2003 (including the description of the 2,000,000 Common Shares
contained therein);
(b)     The Registrant's Reports on Form 6-K furnished to the Commission on
December 22 and 30, 2003, January 16 and 22, 2004, February 6, 13, 17 and 18,
2004, March 11, 15 and 18, 2004, April 23, 2004, May 7 and 17, 2004, June 1,
3 and 10, 2004, July 13, 2004, October 13, 2004, November 18, 2004, December 8,
2004, January 10 and 14, 2005, February 3 and 24, 2005, and April 11 and 15,
2005; and
(c)     The Plan's Annual Report on Form 11-K for the year ended December 31,
2003, filed pursuant to Section 15(d) of the Exchange Act.
All reports filed by the Registrant or the Plan with the Commission pursuant
to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act subsequent to the
date of this Registration Statement and prior to the filing of a post-effective
amendment which indicates that all securities offered have been sold or which
deregisters all securities then remaining unsold shall, except to the extent
otherwise provided by Regulation S-K or any other rule promulgated by the
Commission, be deemed to be incorporated by reference in this Registration
Statement and to be part hereof from the date of filing of such documents.
Any statements contained in a document incorporated or deemed to be
incorporated herein by reference 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 document which also is
incorporated or is deemed to be incorporated by reference herein) modifies or
supersedes such statement. Any such 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.
The Registrant's Articles of Incorporation provide that the Registrant shall
indemnify any present or former director or officer to the fullest extent
permitted by law against liability and all expenses reasonably incurred or paid
by him in connection with any claim, action, suit or proceeding (whether civil,
criminal, or otherwise, including appeals), actual or threatened, in which he
becomes involved as a party or otherwise, by virtue of his being or having been
such director or officer, and against amounts paid or incurred by him in the
settlement thereof; provided, however, that the Registrant is not obligated to
provide such indemnification or reimbursement; (i) against any liability to the
Registrant or its shareholders by reason of willful misfeasance, bad faith,
gross negligence or reckless disregard of the duties involved in the conduct of
his office; (ii) with respect to any matter as to which he shall have been
finally adjudicated to have acted in bad faith and not in the interest of the
Registrant; or (iii) in the event of a settlement, unless the settlement has
been approved by the court or by the Board of Directors. Such indemnification
includes, without limitation, attorneys' fees, costs, judgment, and amounts paid
in settlement.
In each case, the enforceability of the Registrant's obligation to indemnify,
pay or reimburse a director or officer would be limited by the laws of
Luxembourg. The Registrant has been advised by Elvinger, Hoss & Prussen, its
Luxembourg counsel, that under Luxembourg law indemnification of directors and
officers is a matter of contract, and that the Articles of Incorporation would
be enforceable as such as a contract.
Item 7.     Exemption From Registration Claimed
.
Not applicable.
Item 8.     Exhibits.
4.1
Amended and Restated Deposit Agreement among the
        Registrant, Citibank, N.A., as depositary, and all holders and
        beneficial owners from time to time of American Depositary Receipts
        issued thereunder (incorporated by reference from Exhibit (a) to the
        Registrant's Registration Statement on Form F-6 (No. 333-90470) filed
        with the Commission on June 10, 2002).
4.2
Form of Supplemental Agreement to Deposit
        Agreement by and among the Registrat, Deutsche Bank Trust Company
        Americas, as successor depositary, and all holders and beneficial owners
        from time to time of American Depositary Shares evidenced by American
        Depositary Receipts issued thereunder (incorporated by reference from
        Exhibit (a)(2) to the Registrant's Registration Statement on Form F-6
        (No. 333-123139) filed with the Commission on March 4, 2005).
4.3
Form of American Depositary Receipts (included in
        Exhibit 4.2).
5.1
Internal Revenue Service determination letter issued August 26, 2004.
5.2
Internal Revenue Service determination letter issued January 30, 1995.
23.1
Consent of Deloitte & Touche LLP.
23.2
Consent of Deloitte & Touche LLP.
23.3
Consent of Elvinger, Hoss & Prussen
24
Power of Attorney (included in the signature pages
        of this Registration Statement)
Item 9.     Undertakings.
(a)     The undersigned registrant hereby undertakes:
(1)     To file, during any period in which offers or sales are being made and to
the extent required by the Securities Act of 1933 and the rules and regulations
promulgated thereunder, a post-effective amendment to this registration
statement:
(i)     To include any prospectus required by section 10(a)(3) of the Securities
Act of 1933;
(ii)     To reflect in the prospectus any facts or events arising after the
effective date of this 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 this 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 prospectus
filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in
volume and price represent no more than a 20 percent 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 this registration statement or any
material change to such information in this registration statement;
Provided, however,
that paragraphs (a)(1)(i) and (a)(1)(ii) do not
apply if the information required to be included in a post-effective amendment
by those paragraphs is contained in periodic reports filed by the registrant
pursuant to Section13 or Section 15(d) of the Securities Exchange Act of 1934
that are incorporated by reference in this registration statement.
(2)     That, for the purpose of determining any liability under the Securities
Act of 1933, each such post-effective amendment filed for such purposes 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.
(b)     The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
registrant's annual report pursuant to section 13(a) or section 15(d) of the
Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
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 of 1933 may be permitted to directors, officers and controlling persons of
the registrant pursuant to the foregoing provisions, or otherwise, the
registrant has been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public policy as expressed in the 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 proceedings) 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 of whether such indemnification by it is
against public policy as expressed in the Act and will be governed by the final
adjudication of such issue.
SIGNATURES
The Registrant
. Pursuant to the requirements of the
Securities Act of 1933, the Registrant certifies that it has reasonable grounds
to believe that it meets all 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 the city of Sunbury-on-Thames,
Middlesex, England, on this 16th day of May, 2005.
STOLT OFFSHORE S.A.
By:
/s/ Tom Ehret
Tom Ehret
Chief Executive Officer and Director
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose
signature appears immediately below constitutes and appoints each of Johan
Rasmussen, Tom Ehret and Stuart Jackson, or any one of them, his true and lawful
attorney-in-fact and agent, with full power of substitution, for him and in his
name, place and stead, in any and all capacities, to sign any and all amendments
(including post-effective amendments) to this Registration Statement, and to
file the same with all exhibits thereto, and other documents in connection
therewith, with the Securities and Exchange Commission, granting unto said
attorney-in-fact and agent full power and authority to do and perform each and
every act and thing requisite and necessary to be done, as fully to all intents
and purposes as he might or could do in person, hereby ratifying and confirming
all that said attorney-in-fact and agent or his substitute or substitutes may
lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933,
as amended, this Registration Statement has been signed by the following persons
in the capacities and on the dates indicated.
Signature
Title
Date
/s/ Tom Ehret
Chief Executive Officer and Director
May 16, 2005
Tom Ehret
(Principal Executive Officer)
/s/ Stuart Jackson
Chief Financial Officer
May 16, 2005
Stuart Jackson
(Principal Financial Officer and
Principal Accounting Officer)
/s/ Mark Woolveridge
Chairman of the
May 16, 2005
Mark Woolveridge
Board of Directors
/s/ J. Frithjof Skouveroe
Director
May 16, 2005
J. Frithjof Skouveroe
/s/ James B. Hurlock
Director
May 16, 2005
James B. Hurlock
/s/ Haakon Lorentzen
Director
May 16, 2005
Haakon Lorentzen
/s/ Trond O. Westlie
Director
May 16, 2005
Trond O. Westlie
/s/ George H. Doremus
Director
May 16, 2005
George H. Doremus
STOLT OFFSHORE
		INC.
duly authorized representative in the
United States of each foreign person
signing this Registration Statement
By:
/s/ Quinn Herbert
Quinn
		Hebert
President
The Plan
. Pursuant to the requirements of the Securities
Act of 1933, the Plan has duly caused this Registration Statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in the City of
Houston, State of Texas on May 16, 2005.
STOLT OFFSHORE
		INC.
401(K) PROFIT SHARING PLAN AND TRUST
By:
/s/ Mark A. Waddell
Human
		Resources Director/Trustee
Title:
Chief Executive Officer and Director
of Stolt Offshore Inc.,
the Plan Administrator