An oilfield engineering manufacturing company launched less than a year ago plans to create 10 skilled jobs as it targets first year turnover of £2m.
Metalis Energy, based in Ashington, was set in motion last August to specialise in high pressure pipeline and wellhead components for the global oil and gas sector.
The firm was established by engineer Paul McCreton, who started his career in mechanical engineering at 16 and previously founded oilfield engineering company Techdrill, now owned by National Oilwell Varco.
He ran Metalis Energy with two employees initially and will now take on a further 10 people to help grow his business, thanks to funding from Northumberland Arch’s Business Growth Programme, which gave him a £125,000 grant for a CNC (computer numerical control) machining centre for his factory.
McCreton said: “Northumberland is the perfect place for us to be based as it has a great tradition of heavy engineering skills and business space is relatively inexpensive. With the Arch support I am confident I can exploit the terrific opportunities there are in the offshore oil and gas sector at present. Arch’s grant has enabled my business to take a great leap forward. I strongly believe the North East can be a flagship for this industry.”
Peter McIntyre, Arch Group managing director said: “Metalis’ business potential is huge and the team there have exactly the right expertise to exploit it. Our aim is to help Northumberland’s economy grow and supporting companies like them benefits the whole County in a number of ways from creating skilled jobs to increasing our profile across the world through their client base.”
The 10 new jobs at Metalis are in sales, engineering and production and six of the posts have already been filled with another three people due to be appointed in the coming months.
Products produced by the business are exported to the four corners of the globe including Russia, Singapore and China. Paul McCreton explained the current large growth in the oil and gas sector is mainly due to the rapid rise in motor vehicle ownership in the developing nations like China and India, with the subsequent rise in fuel demand.
Over the next 12 months McCreton’s ambitions include taking on apprentices, ensuring he is able to exploit technical advances in the industry and continuing to recruit the right people to help him deliver the very best level of service to his clients.