UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) October 31, 2007 (October 31, 2007)

GLOBALSANTAFE CORPORATION

(Exact name of registrant as specified in charter)

Cayman Islands

1-14634

98-0108989

(State or other jurisdiction of

incorporation or organization)

(Commission file number)

(I.R.S. Employer

Identification No.)


15375 Memorial Drive, Houston, Texas		77079-4101
(Address of principal executive offices)		(Zip Code)

Registrant's telephone number, including area code: (281) 925-6000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02.

Results of Operations and Financial Condition.

Our news release dated October 31, 2007, concerning third quarter 2007 financial results, furnished as Exhibit 99.1 to this report, is incorporated by reference herein.

The news release contains certain measures (discussed below) which may be deemed “non-GAAP financial measures” as defined in Item 10 of Regulation S-K of the Securities Exchange Act of 1934, as amended. In each case, the most directly comparable GAAP financial measure and information reconciling the GAAP and non-GAAP measures is also included in the news release.

In the attached news release, we discuss net income on a total and per share basis for the third quarter 2007, excluding merger-related costs of $12.6 million or 6 cents per diluted share. This information is provided because management believes that the excluded costs are unrelated to the operational performance of the Company for the period and, accordingly, that providing the amount of net income excluding the costs will help investors compare results between two periods.

Item 9.01.

Financial Statements and Exhibits

The exhibit to this report is as follows:


Exhibit No.		Description
99.1		GlobalSantaFe Report of 2007 Third-Quarter Financial Results

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	GLOBALSANTAFE CORPORATION

Date: October 31, 2007	By	/s/ Alexander A. Krezel
		Alexander A. Krezel
		Vice President, Secretary and Associate General Counsel

Index to Exhibits


Exhibit Number		Description
99.1		GlobalSantaFe Report of 2007 Third-Quarter Financial Results

GLOBALSANTAFE CORP 8-K