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 *
  Pack Jason
2. Date of Event Requiring Statement (Month/Day/Year)
08/02/2024		 3. Issuer Name and Ticker or Trading Symbol
Transocean Ltd. [RIG]
(Last)
(First)
(Middle)
1414 ENCLAVE PARKWAY		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP, Chief Accounting Officer
5. If Amendment, Date Original Filed (Month/Day/Year)
(Street)

HOUSTON, TX 77077		 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 116,430
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
Stock Options   (1) 02/07/2029 Registered Shares 27,778 $ 0 D  
Restricted Units   (2)   (2) Registered Shares 30,136 $ 0 D  
Restricted Units   (3)   (3) Registered Shares 30,268 $ 0 D  
Restricted Units   (4)   (4) Registered Shares 57,629 $ 0 D  
Restricted Units   (5)   (5) Registered Shares 8,703 $ 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Pack Jason
1414 ENCLAVE PARKWAY
HOUSTON, TX 77077		       SVP, Chief Accounting Officer  

Signatures

/s/ Daniel Ro-Trock by Power of Attorney 08/12/2024
**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) Non-Qualified Stock Options fully vested and exercisable.
(2) The Restricted Units were acquired on February 10, 2022, by the reporting person pursuant to the Issuer's long-term incentive plan. The restricted share units vest on March 1, 2025.
(3) The Restricted Units were acquired on February 9, 2023, by the reporting person pursuant to the Issuer's long-term incentive plan. The restricted share units vest as follows: 15,134 on March 1, 2025; and 15,134 on March 1, 2026.
(4) The Restricted Units were acquired on February 8, 2024, by the reporting person pursuant to the Issuer's long-term incentive plan. The restricted share units vest as follows: 19,209 on March 1, 2025; 19,210 on March 1, 2026; and 19,210 on March 1, 2027.
(5) The Restricted Units were acquired on May 16, 2024, by the reporting person pursuant to the Issuer's long-term incentive plan. The restricted share units vest as follows: 2,901 on May 29, 2025; 2,901 on March 1, 2026; and 2,901 on March 1, 2027.

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