fwp
 

Filed Pursuant to Rule 433
Registration No. 333-58604
August 29, 2006
PRICING TERM SHEET
     
Issuer:
  Transocean Inc.
 
    
Ratings:
  S&P: A- (Negative)
Moody’s: Baa1 (Negative)
Fitch: A- (Stable)
 
    
Issue:
  Floating Rate Notes due 2008
 
    
Offering Size:
  $1,000,000,000
 
    
Offering Format:
  SEC Registered
 
    
Trade Date:
  August 29, 2006
 
    
Settlement Date (T + 4):
  September 5, 2006
 
    
Final Maturity:
  September 5, 2008
 
    
Optional Redemption:
  Callable at par after September 5, 2007, and anytime thereafter
 
    
Spread:
  3ML + 20 bps
 
    
Day Count Basis:
  Act/360
 
    
Coupon Payment Dates:
  March 5, June 5, September 5, and December 5, commencing December 5, 2006
 
    
LIBOR Determination:
  Second London Business Day immediately preceding the first day of the relevant interest period
 
    
CUSIP:
  893830 AN9
 
    
Price to Public (Issue Price):
  100.000%
 
    
Gross Proceeds:
  $1,000,000,000
 
    
Gross Spread:
  .25%
 
    
Net Proceeds:
  $997,500,000
 
    
Minimum Denomination:
  $1,000 and integral multiples $1,000
 
    
Sole-Bookrunning Manager:
  Goldman, Sachs & Co.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Goldman, Sachs & Co. toll-free at 1-866-471-2526.