SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): January 1, 2003
TRANSOCEAN INC.
(Exact name of registrant as specified in its charter)
CAYMAN ISLANDS 333-75899 66-0587307
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
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4 GREENWAY PLAZA
HOUSTON, TEXAS 77046
(Address of principal executive offices and zip code)
Registrant's telephone number, including area code: (713) 232-7500
ITEM 9. REGULATION FD DISCLOSURE.
In accordance with Regulation FD, the information set forth below is being
furnished in connection with the drilling fleet of Transocean Inc. (the
"Company"). The information in Item 9 of this report is being furnished, not
filed. Accordingly, the information in Item 9 of this report will not be
incorporated by reference into any registration statement filed by the Company
under the Securities Act of 1933, as amended, unless specifically identified
therein as being incorporated therein by reference.
Drilling rig status and contract information, including contract dayrate
and duration, as of January 1, 2003 on the drilling fleet of the Company has
been condensed into a report entitled "Monthly Fleet Update" and will be
available through the company's website at www.deepwater.com. The report will
be located in the "Investor Relations / Financial Reports" section of the site
and is comprised of two segments, "Monthly Fleet Update" and "Monthly Fleet
Update - Domestic Jackups and Barges." You may subscribe to the free Transocean
Financial Report Alert which will alert you to new Monthly Fleet Updates. This
service will send you an automated email which will provide a link directly to
the web page containing the updated report. You may subscribe to this service
at the "Investor Relations / Email Alerts" section of the site by selecting
"Transocean Financial Report Alert" and providing your email address.
The statements made in the Monthly Fleet Update 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.
Forward-looking statements made in the Monthly Fleet Update include, but are not
limited to, statements involving the estimated duration of client contracts,
contract dayrate amounts and future contract commencement dates and locations.
Such statements are subject to numerous risks, uncertainties and assumptions,
including but not limited to, uncertainties relating to the level of activity in
offshore and U.S. inland marine oil and gas exploration and development,
exploration success by producers, oil and gas prices, competition and market
conditions in the contract drilling industry, actions and approvals of third
parties, the Company's ability to successfully integrate the operations of
acquired businesses, newbuild rig performance, possible cancellation or
suspension of drilling contracts as a result of mechanical difficulties or
performance, the Company's ability to enter into and the terms of future
contracts, the availability of qualified personnel, labor relations and the
outcome of negotiations with unions representing workers, operating hazards,
political and other uncertainties inherent in non-U.S. operations (including the
risk of war and civil disturbance, seizure or damage of equipment and exchange
and currency fluctuations), the impact of governmental laws and regulations, the
adequacy of sources of liquidity, the effect of litigation and contingencies and
other factors described above and discussed in the Company's Form 10-Q for the
quarter ended September 30, 2002 and Form 10-K for the year ended December 31,
2001 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 should underlying assumptions prove
incorrect, actual results may vary materially from those indicated. 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.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
TRANSOCEAN INC.
Date: January 1, 2003 By: /s/ Eric B. Brown
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Name: Eric B. Brown
Title: Senior Vice President, General Counsel
and Corporate Secretary