Voegele Brian C · 3 · Transocean Offshore Inc · For 4/1/98

Filed On 4/15/98   ·   SEC File 1-07746   ·   Accession Number 1058648-98-7

Initial Statement of Beneficial Ownership of Securities   ·   Form 3
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 3           Form 3 - April 1, 1998                                 3±    16K 


UNITED STATES SECURITIES AND EXCHANGE COMMISSION                                
WASHINGTON, D.C. 20549                                                          
FORM 3                                                                          
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES                         
1. Name and Address of Reporting Person                                         
Voegele, Brian C.                                                         
4 Greenway Plaza                                                          
Houston, Texas  77046                                                     
USA                                                                       
2. Date of Event Requiring Statement (Month/Day/Year)                           
April 1, 1998                                                             
3. IRS or Social Security Number of Reporting Person (Voluntary)                

4. Issuer Name and Ticker or Trading Symbol                                     
Transocean Offshore Inc.                                                  
RIG                                                                       
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)         
( ) Director  ( ) 10% Owner  (X) Officer (give title below) ( ) Other     
(specify below)                                                           
Vice President                                                            
6. If Amendment, Date of Original (Month/Day/Year)                              

7. Individual or Joint/Group Filing (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 Beneficially Owned                                                                           |
___________________________________________________________________________________________________________________________________|
1. Title of Security                       |2. Amount of          |3. Ownership    |4. Nature of Indirect                          |
                                           |   Securities         |   Form:        |   Beneficial Ownership                        |
                                           |   Beneficially       |   Direct(D) or |                                               |
                                           |   Owned              |   Indirect(I)  |                                               |
___________________________________________________________________________________________________________________________________|
                                                                                                                                    
Common Stock (1)                           |1,000 (2)             |D               |                                               |
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Common Stock                               |813                   |I               |(3)                                            |
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___________________________________________________________________________________________________________________________________|

___________________________________________________________________________________________________________________________________ 
 Table II -- Derivative Securitites Beneficially Owned                                                                             |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative   |2.Date Exer-       |3.Title and Amount     |         |4. Conver-|5. Owner-    |6. Nature of Indirect      |
  Security              |  cisable and      |  of Underlying        |         |sion or   |ship         |   Beneficial Ownership    |
                        |  Expiration       |  Securities           |         |exercise  |Form of      |                           |
                        |  Date(Month/      |-----------------------|---------|price of  |Deriv-       |                           |
                        |  Day/Year)        |                       |Amount   |deri-     |ative        |                           |
                        | Date    | Expira- |                       |or       |vative    |Security:    |                           |
                        | Exer-   | tion    |         Title         |Number of|Security  |Direct(D) or |                           |
                        | cisable | Date    |                       |Shares   |          |Indirect(I)  |                           |
___________________________________________________________________________________________________________________________________|
                                                                                                                                    
Executive Stock Options |(4)      |1/27/04  |Common Stock           |2,400    |$8.375    |D            |                           |
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Executive Stock Options |(5)      |2/23/05  |Common Stock           |7,200    |$10.50    |D            |                           |
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Executive Stock Options |(6)      |2/22/06  |Common Stock           |6,600    |$23.4375  |D            |                           |
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Executive Stock Options |(7)      |3/11/07  |Common Stock           |4,400    |$28.75    |D            |                           |
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Executive Stock Optioons|(8)      |2/11/08  |Common Stock           |4,400    |$41.50    |D            |                           |
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___________________________________________________________________________________________________________________________________|

Explanation of Responses:                                                       
(1)  Shares of common stock, numbers of stock options and sale and exercise     
prices thereof shown in this report 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)  Includes shares of unvested restricted stock granted under the Transocean  
Offshore Inc. Long-Term Incentive Plan.  The shares vest as follows:            
334 on 2/23/99; 334 on 2/23/00; and 332 on                                    
2/23/01.                                                                        
(3)  Shares held under the Transocean Offshore Inc. Savings Plan at 3/31/98.    
The number of shares listed are approximate because Plan accounting             
is on a unit                                                                    
basis.                                                                          
(4) Grant of stock options under the Transocean Offshore Inc. Long-Term         
Incentive Plan.                                                                 
(5) Grant of stock options under the Transocean Offshore Inc. Long-Term         
Incentive Plan.                                                                 
(6) Grant of stock options under the Transocean Offshore Inc. Long-Term         
Incentive Plan exercisable as follows:  2,200 on 2/23/97; 2,200 on 2/23/98;     
and 2,200 on                                                                    
2/23/99.                                                                        
(7) Grant of stock options under the Transocean Offshore Inc. Long-Term         
Incentive Plan exercisable as follows:  1,466 on 3/12/98; 1,466 on 3/12/99;     
and 1,468 on                                                                    
3/12/00.                                                                        
(8) Grant of stock options under the Transocean Offshore Inc. Long-Term         
Incentive Plan exercisable as follows:  1,466 on 2/12/99; 1,467 on 2/12/00;     
and 1,467 on                                                                    
2/12/01.                                                                        
This statement confirms that the undersigned has authorized and designated Eric 
B. Brown and Nicolas J. Evanoff,  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 neither Eric B. Brown nor Nicolas J. Evanoff are              
assuming any of the undersigned's responsibilities to comply with Section 16 of 
the Securities Exchange Act 1934.                                               
April 13, 1998                                                                  
                                                      /s/ Brian C.
Voegele                                                                         

SIGNATURE OF REPORTING PERSON                                                   
/s/ Brian C. Voegele by Nicolas J. Evanoff                                      
DATE                                                                            
April 15, 1998                                                                  

Dates Referenced Herein   and   Documents Incorporated By Reference

This 3 Filing		Date		Other Filings
For The Period Ended		4/1/98
		4/13/98
Filed On / Filed As Of		4/15/98
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