As filed with the Securities and Exchange Commission on June 11, 2003
                                                      Registration No. 333-_____

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                                  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)                     (Zip Code)

                              -------------------

                          EMPLOYEE STOCK PURCHASE PLAN
                            (Full title of the plan)

                              -------------------

                               ERIC B. BROWN, ESQ.
                                 TRANSOCEAN INC.
                                4 GREENWAY PLAZA
                              HOUSTON, TEXAS 77046
                     (Name and address of agent for service)

                                 (713) 232-7500
          (Telephone number, including area code, of agent for service)

                              -------------------



                                   CALCULATION OF REGISTRATION FEE
======================================================================================================================
                                                           PROPOSED MAXIMUM      PROPOSED MAXIMUM
                                           AMOUNT TO BE   OFFERING PRICE PER    AGGREGATE OFFERING       AMOUNT OF
TITLE OF SECURITIES TO BE REGISTERED        REGISTERED        SHARE (1)             PRICE (1)        REGISTRATION FEE
----------------------------------------------------------------------------------------------------------------------
                                                                                         
Ordinary Shares, par value $.01 per share     1,000,000  $              23.63  $         23,630,000  $           1,912
======================================================================================================================

(1)  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  June  9,  2003.

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     This  Registration  Statement is being filed by Transocean Inc. pursuant to
General  Instruction E of Form S-8 under the Securities Act of 1933, as amended.
The  contents  of  the  Registration  Statement  on  Form  S-8 (Registration No.
333-94551) filed with the Securities and Exchange Commission on January 12, 2000
are  incorporated  herein  by  reference.

ITEM  8.     EXHIBITS.

     5.1  -    Opinion  of  Walkers,  regarding the legality of securities to be
               issued  by  Transocean  Inc.

     10.1 -    Amended  and  Restated Employee Stock Purchase Plan of Transocean
               Inc.,  as  amended  and  restated  effective  May  8,  2003

     23.1 -    Consent  of  Ernst  &  Young  LLP

     23.2 -    Consent  of  Walkers  (contained  in  Exhibit  5.1)

     24.1 -    Powers  of  Attorney



                                   SIGNATURES

     Pursuant  to  the  requirements  of the Securities Act of 1933, the Company
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  the  City  of  Houston,  State  of  Texas,  on  June  11, 2003.

                                      TRANSOCEAN  INC.

                                      By:   /s/  Robert  L.  Long
                                          ---------------------------
                                           Robert  L.  Long
                                           President and Chief Executive 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  JUNE  11,  2003.



               Signature                                        Title
               ---------                                        -----
                                            
        /s/ Robert L. Long                     President and Chief Executive Officer
---------------------------------------------
         Robert L. Long                        (Principal Executive Officer)


        /s/  Gregory L. Cauthen                Senior Vice President, Chief Financial Officer
---------------------------------------------
         Gregory L. Cauthen                    and Treasurer
                                               (Principal Financial Officer)


         /s/  Brenda S. Masters                Vice President and Controller
---------------------------------------------
         Brenda S. Masters                     (Principal Accounting Officer)

                  *
---------------------------------------------
          Victor E. Grijalva                    Director

                  *
---------------------------------------------
          Arthur Lindenauer                     Director

                  *
---------------------------------------------
          Paul B. Loyd, Jr.                     Director

                   *
---------------------------------------------
           Martin B. McNamara                   Director

                   *
---------------------------------------------
             Roberto Monti                      Director

                   *
---------------------------------------------
           Richard A. Pattarozzi                Director

                   *
---------------------------------------------
             Kristian Siem                      Director

                   *
---------------------------------------------
            Ian C. Strachan                     Director

*    By: /s/ William E. Turcotte
---------------------------------------------
            William E. Turcotte
            (Attorney-in-Fact)




                                  EXHIBIT INDEX

EXHIBIT  NO.                         DESCRIPTION
------------                         -----------

     5.1  -    Opinion  of  Walkers,  regarding the legality of securities to be
               issued  by  Transocean  Inc.

     10.1 -    Amended  and  Restated Employee Stock Purchase Plan of Transocean
               Inc.,  as  amended  and  restated  effective  May  8,  2003

     23.1 -    Consent  of  Ernst  &  Young  LLP

     23.2 -    Consent  of  Walkers  (contained  in  Exhibit  5.1)

     24.1 -    Powers  of  Attorney