<SEC-DOCUMENT>0001451505-16-000184.txt : 20160308
<SEC-HEADER>0001451505-16-000184.hdr.sgml : 20160308
<ACCEPTANCE-DATETIME>20160308082036
ACCESSION NUMBER:		0001451505-16-000184
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20160308
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160308
DATE AS OF CHANGE:		20160308

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Transocean Ltd.
		CENTRAL INDEX KEY:			0001451505
		STANDARD INDUSTRIAL CLASSIFICATION:	DRILLING OIL & GAS WELLS [1381]
		IRS NUMBER:				980599916
		STATE OF INCORPORATION:			V8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-53533
		FILM NUMBER:		161490343

	BUSINESS ADDRESS:	
		STREET 1:		BLANDONNET INTERNATIONAL BUSINESS CENTER
		STREET 2:		BLDG F, 7TH FLOOR, CHEMIN DE BLANDONNET
		CITY:			VERNIER
		STATE:			V8
		ZIP:			1214
		BUSINESS PHONE:		41-58-792-9243

	MAIL ADDRESS:	
		STREET 1:		BLANDONNET INTERNATIONAL BUSINESS CENTER
		STREET 2:		BLDG F, 7TH FLOOR, CHEMIN DE BLANDONNET
		CITY:			VERNIER
		STATE:			V8
		ZIP:			1214
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c505-20160308x8k.htm
<DESCRIPTION>8-K
<TEXT>
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			RIG_Currentfolio_8-K_2016-03-08
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			<a name="_GoBack"></a><font style="display:inline;font-weight:bold;font-size:18pt;">UNITED STATES</font><a name="Section_1"></a>
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			<font style="display:inline;font-weight:bold;font-size:18pt;">SECURITIES AND EXCHANGE COMMISSION</font>
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		<p style="margin:0pt;line-height:144.17%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-weight:bold;">Washington, D.C. 20549</font>
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			<font style="display:inline;font-weight:bold;font-size:18pt;">FORM&nbsp;8-K</font>
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			<font style="display:inline;font-weight:bold;font-size:12pt;">CURRENT REPORT</font>
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		<p style="margin:0pt;line-height:144.17%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-weight:bold;font-size:12pt;">PURSUANT TO SECTION&nbsp;13 OR 15(d)&nbsp;OF THE</font>
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			<font style="display:inline;font-weight:bold;font-size:12pt;">SECURITIES EXCHANGE ACT OF 1934</font>
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			<font style="display:inline;">&nbsp;</font>
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			<font style="display:inline;">Date of Report (Date of earliest event reported):&nbsp; </font><font style="display:inline;">March </font><font style="display:inline;">8</font><font style="display:inline;">, 2016</font>
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			<font style="display:inline;font-weight:bold;font-size:18pt;">TRANSOCEAN LTD.</font>
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			<font style="display:inline;">(Exact name of registrant as specified in its charter)</font>
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						&nbsp;</p>
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						&nbsp;</p>
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						&nbsp;</p>
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						<font style="display:inline;font-weight:bold;color:#000000;">Switzerland</font></p>
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					<p style="margin:2pt 3pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-weight:bold;color:#000000;">000-53533</font></p>
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						<font style="display:inline;font-weight:bold;color:#000000;">98-0599916</font></p>
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						<font style="display:inline;">incorporation or organization)</font></p>
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						&nbsp;</p>
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						<font style="display:inline;">(Commission</font></p>
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						<font style="display:inline;">File Number)</font></p>
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						<font style="display:inline;">(I.R.S. Employer</font></p>
					<p style="margin:0pt 3pt 2pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;">Identification No.)</font></p>
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			<font style="display:inline;">&nbsp;</font>
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						&nbsp;</p>
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						&nbsp;</p>
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						<font style="display:inline;font-weight:bold;">10 Chemin de Blandonnet</font></p>
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-weight:bold;">1214 Vernier, Geneva</font></p>
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-weight:bold;">Switzerland</font></p>
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						&nbsp;</p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-weight:bold;">CH-1214</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;">(Address of principal executive offices)</font></p>
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						&nbsp;</p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;">(zip code)</font></p>
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			<font style="display:inline;">&nbsp;</font>
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		<p style="margin:0pt;line-height:144.17%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">Registrant</font><font style="display:inline;">&#x2019;</font><font style="display:inline;">s telephone number, including area code: </font><font style="display:inline;font-weight:bold;">+41 (22)&nbsp;930-9000</font>
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		<p style="margin:0pt;line-height:144.17%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
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		<p style="margin:0pt;line-height:144.17%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">(Former name or former address, if changed since last report)</font>
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			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:144.17%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">Check the appropriate box below if the Form&nbsp;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (</font><font style="display:inline;font-style:italic;">see</font><font style="display:inline;"> General Instruction A.2. below):</font>
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		<p style="margin:0pt;line-height:144.17%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
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		<p style="margin:0pt;line-height:144.17%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&#x2610;</font><font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</font>
		</p>
		<p style="margin:0pt;line-height:144.17%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
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		<p style="margin:0pt;line-height:144.17%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&#x2610;</font><font style="display:inline;"> &nbsp;&nbsp; </font><font style="display:inline;">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</font>
		</p>
		<p style="margin:0pt;line-height:144.17%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:144.17%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&#x2610;</font><font style="display:inline;font-size:3pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;"> Pre-commencement communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17 CFR 240.14d-2(b))</font>
		</p>
		<p style="margin:0pt;line-height:144.17%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:144.17%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&#x2610;</font><font style="display:inline;">&nbsp;&nbsp;&nbsp;</font><font style="display:inline;"> Pre-commencement communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17 CFR 240.13e-4(c))</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-weight:bold;"></font>
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		<p style="margin:12pt 0pt;line-height:114.17%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-weight:bold;"></font></p></div><div style="margin-left:8.16993464052288%;margin-right:8.16993464052288%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;line-height:144.17%;font-family:Times New Roman,Times,serif;font-size: 10pt;">

			&nbsp;

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</div></div><div style="margin-left:8.16993464052288%;margin-right:8.16993464052288%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:8.16993464052288%;margin-right:8.16993464052288%;"><div style="width:100%">

		<p style="margin:0pt;line-height:144.17%;font-family:Times New Roman,Times,serif;font-size: 10pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:8.16993464052288%;margin-right:8.16993464052288%;"><p style="margin:12pt 0pt;line-height:114.17%;font-family:Times New Roman,Times,serif;font-size: 10pt;"><font style="display:inline;font-weight:bold;">Item 8.01</font><font style="display:inline;font-weight:bold;">.</font><font style="display:inline;font-weight:bold;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;"></font><font style="display:inline;font-weight:bold;">Other Events</font>
		</p>
		<p style="margin:0pt;line-height:114.17%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">On </font><font style="display:inline;">March </font><font style="display:inline;">8</font><font style="display:inline;">, 2016</font><font style="display:inline;">,</font><font style="display:inline;"> Transocean Ltd. (the </font><font style="display:inline;">&#x201C;</font><font style="display:inline;">Company</font><font style="display:inline;">&#x201D;</font><font style="display:inline;">) issued a press release announcing a mutual agreement with Keppel Offshore &amp; Marine Ltd</font><font style="display:inline;">&#x2019;</font><font style="display:inline;">s</font><font style="display:inline;"> shipyard, Keppel FELS, to defer the delivery and related payment</font><font style="display:inline;">s</font><font style="display:inline;"> of five high-specification jackups until 2020.</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">A copy of the press release is attached hereto and incorporated herein by reference as Exhibit 99.1</font><font style="display:inline;">.</font>
		</p>
		<p style="margin:0pt;line-height:114.17%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:114.17%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-weight:bold;">Item 9.01.&nbsp; Financial Statements and Exhibits</font>
		</p>
		<p style="margin:0pt;line-height:114.17%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:114.17%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">(d)&nbsp; Exhibits.</font>
		</p>
		<p style="margin:0pt;line-height:114.17%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:513.00pt;margin-left:3pt;">
			<tr>
				<td valign="bottom" style="width:55.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 3pt;height:1.00pt">
					<p style="margin:0pt;line-height:114.17%;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:04.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 3pt;height:1.00pt">
					<p style="margin:0pt;line-height:114.17%;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:33.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 3pt;height:1.00pt">
					<p style="margin:0pt;line-height:114.17%;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:421.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 3pt;height:1.00pt">
					<p style="margin:0pt;line-height:114.17%;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td colspan="2" valign="bottom" style="width:59.00pt;padding:0pt 2pt 0pt 3pt;height:12.00pt">
					<p style="margin:2pt 2pt 2pt 0pt;line-height:114.17%;font-family:Times New Roman,Times,serif;font-size: 8pt;">
						<font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;text-decoration:underline;">Exhibit&nbsp;No.</font></p>
				</td>
				<td valign="bottom" style="width:33.00pt;padding:0pt 0pt 0pt 3pt;height:12.00pt">
					<p style="margin:2pt 0pt;line-height:114.17%;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:421.00pt;padding:0pt 3pt 0pt 3pt;height:12.00pt">
					<p style="margin:2pt 3pt;line-height:114.17%;font-family:Times New Roman,Times,serif;font-size: 8pt;">
						<font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;text-decoration:underline;">Description</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:55.00pt;padding:0pt 0pt 0pt 3pt;height:14.00pt">
					<p style="margin:2pt 0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:04.00pt;padding:0pt 0pt 0pt 3pt;height:14.00pt">
					<p style="margin:2pt 0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:33.00pt;padding:0pt 0pt 0pt 3pt;height:14.00pt">
					<p style="margin:2pt 0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:421.00pt;padding:0pt 0pt 0pt 3pt;height:14.00pt">
					<p style="margin:2pt 0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:55.00pt;height:27.70pt;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99.1
				</td>
				<td valign="top" style="width:04.00pt;padding:0pt 0pt 0pt 3pt;height:27.70pt">
					<p style="margin:2pt 0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:33.00pt;padding:0pt 0pt 0pt 3pt;height:27.70pt">
					<p style="margin:2pt 0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:421.00pt;padding:0pt 2pt 0pt 3pt;height:27.70pt">
					<p style="margin:2pt 3pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;">Press Release Announcing High-Specification Jackup Delivery Delay</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">The statements </font><font style="display:inline;">described in this</font><font style="display:inline;"> Form 8-K</font><font style="display:inline;">&nbsp;</font><font style="display:inline;color:#000000;">and referenced press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements contain words such as </font><font style="display:inline;color:#000000;">&#x201C;</font><font style="display:inline;color:#000000;">possible,</font><font style="display:inline;color:#000000;">&#x201D;</font><font style="display:inline;color:#000000;">&nbsp;</font><font style="display:inline;color:#000000;">&#x201C;</font><font style="display:inline;color:#000000;">intend,</font><font style="display:inline;color:#000000;">&#x201D;</font><font style="display:inline;color:#000000;">&nbsp;</font><font style="display:inline;color:#000000;">&#x201C;</font><font style="display:inline;color:#000000;">will,</font><font style="display:inline;color:#000000;">&#x201D;</font><font style="display:inline;color:#000000;">&nbsp;</font><font style="display:inline;color:#000000;">&#x201C;</font><font style="display:inline;color:#000000;">if,</font><font style="display:inline;color:#000000;">&#x201D;</font><font style="display:inline;color:#000000;">&nbsp;</font><font style="display:inline;color:#000000;">&#x201C;</font><font style="display:inline;color:#000000;">expect</font><font style="display:inline;color:#000000;">&#x201D;</font><font style="display:inline;color:#000000;"> or other similar expressions. Forward-looking statements are based on management</font><font style="display:inline;color:#000000;">&#x2019;</font><font style="display:inline;color:#000000;">s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, estimated duration of customer contracts, contract dayrate amounts, future contract commencement dates and locations, planned sh</font><font style="display:inline;color:#000000;">ipyard projects, timing of the C</font><font style="display:inline;color:#000000;">ompany</font><font style="display:inline;color:#000000;">&#x2019;</font><font style="display:inline;color:#000000;">s newbuild deliveries, operating hazards and delays, risks associated with international operations, actions by customers and other third parties, the future prices of oil and gas, the intention to scrap certain drilling rigs and other factors, including those an</font><font style="display:inline;color:#000000;">d other risks discussed in the C</font><font style="display:inline;color:#000000;">ompany</font><font style="display:inline;color:#000000;">&#x2019;</font><font style="display:inline;color:#000000;">s most recent Annual Report on Form 10-K for the year ended December 31, </font><font style="display:inline;color:#000000;">2015</font><font style="display:inline;color:#000000;">, and </font><font style="display:inline;color:#000000;">in the C</font><font style="display:inline;color:#000000;">ompany</font><font style="display:inline;color:#000000;">&#x2019;</font><font style="display:inline;color:#000000;">s other filings with the SEC, which are available free of charge on the SEC</font><font style="display:inline;color:#000000;">&#x2019;</font><font style="display:inline;color:#000000;">s website at www.sec.gov. Should one or more of these risks or uncertainties materialize (or the other consequences of such a development worsen), or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or expressed or implied by such forward-looking statements. All subsequent written and oral forward-looking </font><font style="display:inline;color:#000000;">statements attributable to the C</font><font style="display:inline;color:#000000;">ompany or to persons acting on our behalf are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law. All non-GAAP financial measure reconciliations to the most comparative GAAP measure are displayed in</font><font style="display:inline;color:#000000;"> quantitative schedules on the C</font><font style="display:inline;color:#000000;">ompany</font><font style="display:inline;color:#000000;">&#x2019;</font><font style="display:inline;color:#000000;">s website at www.deepwater.com.</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;line-height:144.17%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			</p></div><div style="margin-left:8.16993464052288%;margin-right:8.16993464052288%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;line-height:144.17%;font-family:Times New Roman,Times,serif;font-size: 10pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:8.16993464052288%;margin-right:8.16993464052288%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:8.16993464052288%;margin-right:8.16993464052288%;"><div style="width:100%">

		<p style="margin:0pt;line-height:144.17%;font-family:Times New Roman,Times,serif;font-size: 10pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:8.16993464052288%;margin-right:8.16993464052288%;"><p style="margin:0pt;line-height:144.17%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"><font style="display:inline;font-weight:bold;">SIGNATURES</font>
		</p>
		<p style="margin:0pt;line-height:144.17%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:144.17%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 7pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:512.00pt;margin-left:3pt;">
			<tr>
				<td valign="bottom" style="width:250.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 3pt;height:1.00pt">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:28.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 3pt;height:1.00pt">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:234.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 3pt;height:1.00pt">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:250.00pt;padding:0pt 0pt 0pt 3pt;height:14.00pt">
					<p style="margin:2pt 0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="top" style="width:262.00pt;padding:0pt 2pt 0pt 3pt;height:14.00pt">
					<p style="margin:2pt 3pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;color:#000000;">TRANSOCEAN LTD.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:250.00pt;padding:0pt 0pt 0pt 3pt;height:14.00pt">
					<p style="margin:2pt 0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:28.00pt;padding:0pt 0pt 0pt 3pt;height:14.00pt">
					<p style="margin:2pt 0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:234.00pt;padding:0pt 0pt 0pt 3pt;height:14.00pt">
					<p style="margin:2pt 0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
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				<td valign="bottom" style="width:250.00pt;padding:0pt 0pt 0pt 3pt;height:14.00pt">
					<p style="margin:2pt 0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:28.00pt;padding:0pt 0pt 0pt 3pt;height:14.00pt">
					<p style="margin:2pt 0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:234.00pt;padding:0pt 0pt 0pt 3pt;height:14.00pt">
					<p style="margin:2pt 0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:250.00pt;padding:0pt 2pt 0pt 3pt;height:14.00pt">
					<p style="margin:2pt 3pt 2pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;color:#000000;">Date: March </font><font style="display:inline;color:#000000;">8</font><font style="display:inline;color:#000000;">, 2016</font></p>
				</td>
				<td valign="top" style="width:28.00pt;padding:0pt 2pt 0pt 3pt;height:14.00pt">
					<p style="margin:2pt 3pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;color:#000000;">By</font></p>
				</td>
				<td valign="top" style="width:234.00pt;border-bottom:1pt solid #000000 ;padding:0pt 2pt 0pt 3pt;height:14.00pt">
					<p style="margin:2pt 3pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;color:#000000;">/s/ Daniel Ro-Trock</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:250.00pt;padding:0pt 0pt 0pt 3pt;height:14.00pt">
					<p style="margin:2pt 0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:28.00pt;padding:0pt 0pt 0pt 3pt;height:14.00pt">
					<p style="margin:2pt 0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:234.00pt;padding:0pt 2pt 0pt 3pt;height:14.00pt">
					<p style="margin:2pt 3pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;color:#000000;">Daniel Ro-Trock</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:250.00pt;padding:0pt 0pt 0pt 3pt;height:14.00pt">
					<p style="margin:2pt 0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:28.00pt;padding:0pt 0pt 0pt 3pt;height:14.00pt">
					<p style="margin:2pt 0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:234.00pt;padding:0pt 2pt 0pt 3pt;height:14.00pt">
					<p style="margin:2pt 3pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;color:#000000;">Authorized Person</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:144.17%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			</p></div><div style="margin-left:8.16993464052288%;margin-right:8.16993464052288%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;line-height:144.17%;font-family:Times New Roman,Times,serif;font-size: 10pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:8.16993464052288%;margin-right:8.16993464052288%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:8.16993464052288%;margin-right:8.16993464052288%;"><div style="width:100%">

		<p style="margin:0pt;line-height:144.17%;font-family:Times New Roman,Times,serif;font-size: 10pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:8.16993464052288%;margin-right:8.16993464052288%;"><p style="margin:0pt;line-height:144.17%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;"><font style="display:inline;font-weight:bold;font-size:12pt;">Index to Exhibits</font>
		</p>
		<p style="margin:0pt;line-height:144.17%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:144.17%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">Exhibit</font>
		</p>
		<p style="margin:0pt;line-height:144.17%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;color:#000000;text-decoration:underline;">Number</font><font style="display:inline;color:#000000;text-decoration:underline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;"></font><font style="display:inline;color:#000000;text-decoration:underline;">Description</font>
		</p>
		<p style="margin:0pt;line-height:144.17%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:144.17%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">99.1</font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;"></font><font style="display:inline;">Press Release Announcing </font><font style="display:inline;">High-Specification Jackup Delivery Delay</font>
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	<head>
		<title>
			RIG_Currentfolio_Press Release_2016-03-08
		</title>
	</head>
	<body><div style="margin-left:1.1437908496732%;margin-right:1.1437908496732%;"></div><div style="margin-left:1.1437908496732%;margin-right:1.1437908496732%;">
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<a name="OLE_LINK1"></a><a name="_GoBack"></a><font style="display:inline;font-family:Univers;font-size:12pt;">&nbsp;</font><font style="display:inline;"><img src="c50520160308ex9916b5dab001.jpg" style="width: 2.677356in; height: 0.55in" alt="Picture 2"></font>
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			<font style="display:inline;font-size:12pt;">&nbsp;</font>
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		<p style="margin:0pt 39.3pt 0pt 27pt;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Univers;font-size: 14pt;">
			<br /><font style="display:inline;font-weight:bold;">TRANSOCEAN LTD. ANNOUNCES HIGH-SPECIFICATION JACKUP DELIVERY DELAY </font>
		</p>
		<p style="margin:0pt 39.3pt 0pt 27pt;text-align:left;border-top:1pt none #D9D9D9 ;font-family:Univers;font-size: 14pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 48.95pt 0pt 27.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-size:12pt;">ZUG, SWITZERLAND&#x2014;March 8, 2016&#x2014;Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced today a mutual agreement with Keppel Offshore &amp; Marine Ltd&#x2019;s shipyard, Keppel FELS, to defer the delivery and related payments of five high-specification jackups until 2020. </font>
		</p>
		<p style="margin:0pt 48.95pt 0pt 27.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 48.95pt 0pt 27.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-size:12pt;">The Super B 400 Bigfoot Class jackup drilling rigs are now scheduled to be delivered in two and three month intervals beginning in the first quarter of 2020.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>
		</p>
		<p style="margin:0pt 48.95pt 0pt 27.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<br /><font style="display:inline;font-size:12pt;"></font><font style="display:inline;font-weight:bold;font-size:12pt;">About Transocean</font>
		</p>
		<p style="margin:0pt 48.95pt 0pt 27.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<br /><font style="display:inline;font-size:12pt;">Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services, and believes that it operates one of the most versatile offshore drilling fleets in the world.</font>
		</p>
		<p style="margin:0pt 48.6pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 48.95pt 0pt 27.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-size:12pt;">Transocean owns or has partial ownership interests in, and operates a fleet of, 61 mobile offshore drilling units consisting of 28 ultra-deepwater floaters, seven harsh-environment semisubmersibles, five deepwater semisubmersibles, 11 midwater semisubmersibles, and 10 high-specification jackups. In addition, the company has six ultra-deepwater drillships and five high-specification jackups under construction.</font>
		</p>
		<p style="margin:0pt 48.95pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 48.95pt 0pt 27.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-size:12pt;">For more information about Transocean, please visit: </font><font style="display:inline;font-size:12pt;">www.deepwater.com</font><font style="display:inline;font-size:12pt;">.</font>
		</p>
		<p style="margin:0pt 48.95pt 0pt 27.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 48.6pt 12pt 27pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-weight:bold;font-size:12pt;">Forward-Looking Statements</font>
		</p>
		<p style="margin:0pt 48.95pt 0pt 27.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-size:12pt;">The statements described in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements contain words such as "possible," "intend," "will," "if," "expect," or other similar expressions. Forward-looking statements are based on management&#x2019;s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, estimated duration of customer contracts, contract dayrate amounts, future contract commencement dates and locations, planned shipyard projects and other out-of-service time, sales of drilling units, timing of the company&#x2019;s newbuild deliveries, operating hazards and delays, risks associated with international operations, actions by customers and other third parties, the future prices of oil and gas, the intention to scrap certain drilling rigs and other factors, including those and other risks discussed in the company's most recent Annual Report on Form 10-K for the year ended December 31, 2015, and in the company's other filings with the SEC, which are available free of charge on the SEC's website at www.sec.gov. Should one or more of these risks or uncertainties materialize (or the other consequences of such a development worsen), or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or expressed or implied by such forward-looking statements. All subsequent written and oral forward-looking statements attributable to the company or to persons acting on our behalf are expressly qualified in their </font><font style="display:inline;font-size:12pt;"></font></p></div><div style="margin-left:1.1437908496732%;margin-right:1.1437908496732%;">
		<p><font size="1"> </font></p></div><div style="margin-left:1.1437908496732%;margin-right:1.1437908496732%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:1.1437908496732%;margin-right:1.1437908496732%;"></div><div style="margin-left:1.1437908496732%;margin-right:1.1437908496732%;"><p style="margin:0pt 48.95pt 0pt 27.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;"><font style="display:inline;font-size:12pt;">entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law. All non-GAAP financial measure reconciliations to the most comparative GAAP measure are displayed in quantitative schedules on the company&#x2019;s website at </font><font style="display:inline;font-size:12pt;">www.deepwater.com</font><font style="display:inline;font-size:12pt;">.</font>
		</p>
		<p style="margin:0pt 48.95pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 48.95pt 0pt 27.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-size:12pt;">This press release, or referenced documents, do not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and do not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of Transocean and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of Transocean.</font>
		</p>
		<p style="margin:0pt 48.95pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 39.3pt 0pt 27pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-weight:bold;font-size:12pt;">Analyst Contacts:</font>
		</p>
		<p style="margin:0pt 39.3pt 0pt 27pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-size:12pt;">Bradley Alexander</font>
		</p>
		<p style="margin:0pt 39.3pt 0pt 27pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-size:12pt;">+1 713-232-7515</font>
		</p>
		<p style="margin:0pt 39.3pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 39.3pt 0pt 27pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-size:12pt;">Diane Vento</font>
		</p>
		<p style="margin:0pt 39.3pt 0pt 27pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-size:12pt;">+1 713-232-8015</font>
		</p>
		<p style="margin:0pt 39.3pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 39.3pt 0pt 27pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-weight:bold;font-size:12pt;">Media </font><font style="display:inline;font-weight:bold;font-size:12pt;">Contact</font><font style="display:inline;font-weight:bold;font-size:12pt;">:</font>
		</p>
		<p style="margin:0pt 39.3pt 0pt 27pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-size:12pt;">Pam Easton</font>
		</p>
		<p style="margin:0pt 39.3pt 0pt 27pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-size:12pt;">+1 713-232-7647</font>
		</p>
		<p style="margin:0pt 39.3pt 0pt 27pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-size:12pt;">&nbsp;</font>
		</p>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
