Lanigan Robert J – ‘5’ for 12/31/97 re: Transocean Offshore Inc.

As of:  Tuesday, 2/17/98   ·   For:  12/31/97   ·   Accession #:  1040099-98-1   ·   File #:  1-07746

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Annual Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 5   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 5           Form 5 - December 31, 1997                             2±    11K 


UNITED STATES SECURITIES AND EXCHANGE COMMISSION                                
WASHINGTON, D.C. 20549                                                          
FORM 5                                                                          
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP                             
( ) Check box if no longer subject to Section 16.                               
Form 4 or Form 5 obligations may continue. See Instructions 1(b).               
( ) Form 3 Holdings Reported                                                    
( ) Form 4 Transactions Reported                                                
1. Name and Address of Reporting Person                                         
Lanigan, Robert J.                                                        
Owens-Illinois, Inc.                                                      
One Seagate                                                               
Toledo, Ohio  43666                                                       
USA                                                                       
2. Issuer Name and Ticker or Trading Symbol                                     
Transocean Offshore Inc.                                                  
RIG                                                                       
3. IRS or Social Security Number of Reporting Person (Voluntary)                

4. Statement for Month/Year                                                     
December 31, 1997                                                         
5. If Amendment, Date of Original (Month/Year)                                  

6. Relationship of Reporting Person(s) to Issuer (Check all applicable)         
(X) Director  ( ) 10% Owner  ( ) Officer (give title below) ( ) Other     
(specify below)                                                           

7. Individual or Joint/Group Reporting (Check Applicable Line)                  
(X) Form filed by One Reporting Person                                    
( ) Form filed by More than One Reporting Person                          

                                                        [Enlarge/Download Table]

___________________________________________________________________________________________________________________________________ 
 Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned                                                 |
___________________________________________________________________________________________________________________________________|
1. Title of Security         |2.    |3.  |4.Securities Acquired (A)         |5.Amount of        |6.Dir |7.Nature of Indirect       |
                             |Transaction|  or Disposed of (D)              |  Securities       |ect   |  Beneficial Ownership     |
                             |Date  |Code|                                  |  Beneficially     |(D)or |                           |
                             |      |    |                  | A/|           |  Owned at         |Indir |                           |
                             |      |    |    Amount        | D |    Price  |  End of Year      |ect(I)|                           |
___________________________________________________________________________________________________________________________________|
                                                                                                                                    
___________________________________________________________________________________________________________________________________|

___________________________________________________________________________________________________________________________________ 
 Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned                                                   |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative   |2.Con   |3.   |4.  |5.Number of De |6.Date Exer|7.Title and Amount  |8.Price|9.Number    |10.|11.Nature of|
  Security              |version |Transaction rivative Secu |cisable and|  of Underlying     |of Deri|of Deriva   |Dir|Indirect    |
                        |or Exer |Date |Code| rities Acqui  |Expiration |  Securities        |vative |tive        |ect|Beneficial  |
                        |cise Pr |     |    | red(A) or Dis |Date(Month/|                    |Secu   |Securities  |(D)|Ownership   |
                        |ice  of |     |    | posed of(D)   |Day/Year)  |                    |rity   |Benefi      |or |            |
                        |Deriva  |     |    |               |Date |Expir|                    |       |ficially    |Ind|            |
                        |tive    |     |    |           | A/|Exer-|ation|   Title and Number |       |Owned at    |ire|            |
                        |Secu    |     |    |           | D |cisa-|Date |   of Shares        |       |End of      |ct |            |
                        |rity    |     |    |  Amount   |   |ble  |     |                    |       |Year        |(I)|            |
___________________________________________________________________________________________________________________________________|
                                                                                                                                    
Common Stock (1)        |$31.25  |5/8/9|A   |2,000      |A  |(2)  |5/7/0|Common Stock|       |       |2,000       |D  |            |
                        |        |7    |    |           |   |     |7    |            |       |       |            |   |            |
-----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|

Explanation of Responses:                                                       
(1)  Shares of common stock, numbers of options and sale and exercise prices    
thereof have been adjusted to reflect the issuer's two-for-one stock            
split effected in the form of a 100% stock dividend paid in September           
1997.                                                                           
(2)  Grant of 2,000 options under the Transocean Offshore Inc. Long-Term        
Incentive Plan  exercisable as follows:  666 on 5/8/98, 666 on 5/8/99 and       
668 on                                                                          
5/8/00.                                                                         
This statement confirms that the undersigned has authorized and designated Eric 
B. Brown and Nicolas J. Evanoff, and each of them severally, to                 
execute and file on the undersigned's behalf all Forms 3, 4 and 5 (including    
any amendments thereto) that the undersigned may be required to file with       
the U.S. Securities and Exchange Commission as a result of the undersigned's    
ownership of or transactions in securities of Transocean Offshore Inc.          
The authority of Eric B. Brown and Nicolas J. Evanoff shall continue until the
undersigned is no longer required to file Forms 3, 4 and 5 with regard to       
securities of Transocean Offshore Inc., unless earlier revoked in writing.  The 
undersigned acknowledges that Eric B. Brown and Nicolas J. Evanoff              
are not assuming any of the undersigned's responsibilities to comply with       
Section 16 of the Securities Exchange Act 1934.                                 
February 17, 1998                                                               
                                                             /s/
Robert J. Lanigan                                                               
SIGNATURE OF REPORTING PERSON                                                   
/s/ Robert J. Lanigan by Nicolas J. Evanoff                                     
DATE                                                                            
February 17, 1998                                                               

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘5’ Filing		Date		Other Filings
Filed on:		2/17/98		5
For Period end:		12/31/97		10-K,  5
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