Transocean Proxy Statement and 2010 Annual Report

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TRANSOCEAN LTD. STATEMENT OF OPERATIONS (in CHF thousands) Income Dividend income 292,001 Interest income 849 Total income 292,850 General and administrative expenses 43,014 Depreciation 262 Financial expenses 24,480 Interest expense 118 Total expenses 67,874 Net income 224,976 See accompanying notes. SR-2 Year ended Year ended December 31, December 31, 2010 2009 65,144 1,110 66,254 27,796 68 1,722 - 29,586 36,668
TRANSOCEAN LTD. BALANCE SHEET (in CHF thousands) December 31, December 31, 2010 2009 Assets Cash 35,710 5,422 Receivables from affiliates 4,267 2,870 Trade and other current assets 6,908 1,089 Total current assets 46,885 9,381 Property and equipment 1,258 Less accumulated depreciation 295 Property and equipment, net 963 Investment in affiliates 16,476,198 Long-term note receivable from affiliates - Treasury Shares 256,949 Other non-current assets 78 Total assets 16,781,073 Liabilities and shareholders' equity Accounts payable to affiliates 2,103 Trade and other current liabilities 38,360 Total current liabilities 40,463 Other non-current liabilities 2,713 Total non-current liabilities 2,713 Share capital Legal reserve General legal reserves 5,028,529 Reserve from capital contribution Reserve for treasury shares 7,925,000 Reserve from capital contribution Free reserve 279,628 Reserve from capital contribution Retained earnings 3,243,051 Earnings brought forward 36,713 Net Income of the period 224,976 Total shareholders' equity 16,737,897 Total liabilities and shareholders' equity 16,781,073 See accompanying notes. SR-3 1,275 65 1,210 16,476,198 30,725 - 77 16,517,591 3,275 1,395 4,670 - - 5,028,529 7,947,579 100 3,500,000 45 36,668 16,512,921 16,517,591
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Transocean Proxy Statement and 2010
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2010 LETTER TO THE SHAREHOLDERS We
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In addition to a focus on meeting o
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Agenda Items INVITATION TO ANNUAL G
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(9) Election of Three New Directors
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We may accept a proxy by any form o
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PROXY STATEMENT FOR ANNUAL GENERAL
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of the dividend reserve from capita
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You may revoke your proxy card at a
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AGENDA ITEM 2. Discharge of the Mem
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AGENDA ITEM 4. Reallocation of Free
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AGENDA ITEM 6. Conditional Agenda I
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Proposal of the Board of Directors
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AGENDA ITEM 8. Reduction of the Max
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Nominees for Director—Class III
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November 2007. Since August 2008, M
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The Board of Directors has conclude
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e disclosed and not whether a parti
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Submit nominations to our Corporate
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The Executive Compensation Committe
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Committee is ‘‘financially lite
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AUDIT COMMITTEE REPORT The Audit Co
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SECURITY OWNERSHIP OF DIRECTORS AND
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As a direct consequence of the Maco
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Executive Compensation Program—Gu
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$100,000. Accordingly, neither Long
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Element Targeted Position Comments
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In February 2010, the Committee rev
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Safety Performance. Our business in
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Timing of the system roll out compr
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total target value for stock option
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Executive Compensation Program—He
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Perquisites and Other Personal Bene
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• a cash severance benefit equal
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Summary Compensation Table EXECUTIV
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(17) In 2010, Mr. Toma’s base pay
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Outstanding Equity Awards at Fiscal
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Option Exercises and Shares Vested
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offset to allow for the fact that h
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Contributions are based on a partic
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(3) The terms and conditions of the
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(1) Based on the target (100%) payo
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Mr. Newman Mr. Rosa Mr. Brown Mr. B
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AGENDA ITEM 10 Appointment of Ernst
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Proposal AGENDA ITEM 11. Advisory V
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OTHER MATTERS Compensation Committe
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Annexes P-81
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(2) Shareholders may, upon the term
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3 Der Verwaltungsrat ist ermächtig
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Annex C Amended Article 22 of the A
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TRANSOCEAN LTD. AND SUBSIDIARIES IN
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Item 1. Business PART I Overview Tr
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Jackup rigs are mobile self-elevati
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Midwater Floaters The following tab
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Markets Our operations are geograph
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Integrated Services From time to ti
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Item 1A. Risk Factors Risks related
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Our business depends on the level o
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events” above. Our inability to r
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The application of the Working Time
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We are subject to litigation that,
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these tests, “passive income” i
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Item 2. Properties The description
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LDEQ would not rescind the enforcem
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Patent litigation—In 2007, severa
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Executive Officers of the Registran
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PART II Item 5. Market for Registra
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the “virtual second trading line
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Item 6. Selected Financial Data The
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payment of $453 million. In connect
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Midwater Floaters—For our Midwate
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Fleet average daily revenue—The f
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services operations and (d) approxi
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Depreciation, depletion and amortiz
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AR-49 Years ended December 31, 2010
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During the year ended December 31,
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applicable margin, ranging from 3.1
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Contractual obligations—As of Dec
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Plan assets—We review our investm
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Ports and Waterways Safety Act, the
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such U.S. business. In November 200
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Related Party Transactions Pacific
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and the long-term impact of those u
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in partial exposure to foreign exch
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REPORT OF INDEPENDENT REGISTERED PU
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To the General Meeting of Transocea
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TRANSOCEAN LTD. AND SUBSIDIARIES CO
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TRANSOCEAN LTD. AND SUBSIDIARIES CO
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TRANSOCEAN LTD. AND SUBSIDIARIES NO
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Page 187 and 188: TRANSOCEAN LTD. AND SUBSIDIARIES NO
Page 201 and 202: Note 13—Postemployment Benefit Pl
Page 225 and 226: PART III Item 10. Directors, Execut
Page 227 and 228: (3) Exhibits The following exhibits
Page 229 and 230: 4.26 Third Supplemental Indenture,
Page 231 and 232: * 10.36 GlobalSantaFe Corporation 2
Page 233 and 234: SIGNATURES Pursuant to the requirem
Page 235: TRANSOCEAN LTD. STATUTORY FINANCIAL
Page 240 and 241: Note 1—General TRANSOCEAN LTD. NO
Page 242 and 243: TRANSOCEAN LTD. NOTES TO STATUTORY
Page 244 and 245: Note 7—Board of Directors Compens
Page 250 and 251: As of December 31, 2009 Name TRANSO
Page 252 and 253: As of December 31, 2009 TRANSOCEAN
Page 256 and 257: provided, however, that: TRANSOCEAN
Page 258 and 259: Transocean is a leading internation
Page 260 and 261: Under the terms and conditions cont
Page 262 and 263: As of December 31, 2010, December 3
Page 264 and 265: 3. Board of Directors 3.1/ The memb
Page 266 and 267: Corporation during 1994 and 1995 an
Page 268 and 269: � Members of Executive Management
Page 270 and 271: Long-Term Incentive Plan The annual
Page 272 and 273: Pension Benefits for Fiscal Year 20
Page 274 and 275: Our Articles of Association further
Page 276 and 277: 7. Mandatory Offer Requirement / Ch
Page 278 and 279: Annex 1 Subsidiaries of Transocean
Page 280 and 281: Name Jurisdiction Registered Office
Page 282 and 283: Name Jurisdiction Registered Office
Page 287 and 288: Board Of Directors Robert E. Rose C
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Transocean Proxy Statement and 2010 Annual Report

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