The new floating rigs being delivered in 08 will add 20% but I expect that some of the older rigs will not retire as planned.
Due to high demand and good contract rates, coupled with long lag time for anyone wishing to add a new drillrig not already contracted for build, there will be a few refit/refurb jobs done to get a few more years out of the older rigs.
Add in the well stimulation and reactivation of low-producing wells that are now profitable to operate and we could see effective market segment growth in the 30-40% YOY range.
If DDI captures a growing % of a growing market segment you can see the compounding effect possible.
FT, Mako, and Electrowave add entirely new segments of the market.
In a nutshell, there is tremendous upside potential here and we're in a very early stage of the development plan that is slated for Deep Down Inc.
edit- a bit of a non sequitur in equating drill rigs with subsea completion, but the end result is the same in terms of growth potential
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