Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Munro Michael F
 2. Date of Event Requiring Statement (Month/Day/Year)
11/12/2012		 3. Issuer Name and Ticker or Trading Symbol
Transocean Ltd. [RIG]
(Last)
(First)
(Middle)
4 GREEWAY PLAZA		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP, CCO & Deputy GC
 5. If Amendment, Date Original Filed(Month/Day/Year)
11/02/2012
(Street)

HOUSTON, TX 77046		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Registered Shares 2,614 (1)
D
 
Registered Shares 591 (2)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Munro Michael F
4 GREEWAY PLAZA
HOUSTON, TX 77046		       VP, CCO & Deputy GC  

Signatures

/s/Ryan H. TarkingtonBy Power of Attorney 11/12/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The number of shares beneficialy owned following the reported transactions from November 2, 2012 was incorrectly reported on the reporting person's Form 3 filed on November 6, 2012 and the award date and vesting dates were incorrectly reported in the corresponding footnote.These deferred units were awarded on November 17, 2010 and vested in one-third increments: 2,614 shares on November 17, 2011.
(2) The number of shares beneficially owned following the reported transactions from November 2, 2012 was incorrectly reported on the reporting person's Form 3 filed on November 6, 2012 and the award date and vesting dates were incorrectly reported in the corresponding footnote. These deferred units were awarded on February 10, 2011 and vested in one-third increments: 591 shares on February 10, 2012.

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