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Repsol

Global energy company: oil, gas, renewables

Production Allocation Engineering Intern

Summer 2027Deadline 10/30/26
No salary listed
Internship
Bachelor's
The Woodlands, TX, USA
In PersonOn-site Monday-Friday is expected; optional 9/80 scheduling is at the manager’s discretion. Non-local candidates must arrange travel and temporary accommodations.
Mechanical Engineering
No H1B Sponsorship

About the job

Requirements
  • Fully authorized to work for any employer in the United States without sponsorship now or in the future, and not authorized for employment under OPT, CPT, or F-1 visa programs.
  • Currently pursuing a Bachelor's degree in Petroleum Engineering, Chemical Engineering, Mechanical Engineering, Data Engineering, or a related technical field.
  • Expected graduation in 2028 or 2029 is encouraged; May 2027 graduates may only be considered if enrolled in a postgraduate program.
  • Must have a cumulative and major GPA of 3.3 or higher, confirmed with a transcript.
  • Must be available for a continuous 12-week period from May 17 through August 6, 2027.
  • Must be proficient with Excel, including pivot tables, lookups, and basic analytics.
  • Must have strong analytical and problem-solving abilities.
  • Must have strong attention to detail and data accuracy.
  • Must be able to communicate effectively with engineers, field personnel, and accounting teams.
  • Must be able to work independently and collaboratively.
Responsibilities
  • Assist with daily well-level production allocation for oil, gas, and water volumes.
  • Support monthly close activities by comparing allocated volumes to tank strapping, meter readings, SCADA data, and production accounting system totals.
  • Help identify and reconcile discrepancies in production data, including well tests, theoretical-to-allocated analysis, tank measurement errors, and facility imbalances.
  • Validate PVT data and assist in generating updated well test inputs for allocation engines.
  • Update and maintain production data in allocation systems such as Energy Components, ProCount, Avocet, Aries, TOW, P2 Merrick, or internal equivalents.
  • Review facility balancing issues and support corrections to allow monthly allocation to close.
  • Assist in building or improving Power BI dashboards for production trends or allocation accuracy visualization.
  • Help maintain allocation network diagrams from well to facility to battery to sales point.
  • Work with Allocation Engineers to monitor performance trends, identify unusual production behavior, and flag potential well or facility issues.
  • Support analysis of flaring, venting, downtime coding, and production loss categorization.
  • Collaborate with Measurement and Field Operations to verify meter performance, test separator data, tank gauging, and equipment limits.
  • Assist with creating or updating Standard Operating Procedures related to allocation and production data workflows.
  • Participate in allocation model improvements, including new well setups, route modeling, and facility optimization.
  • Help support regulatory reporting inputs, including state production reporting, environmental volumes, and emissions-related data.
  • Present the summer project to staff.
Desired Qualifications
  • Familiarity with production systems, SCADA, or engineering software such as Spotfire, Power BI, Energy Components, ProCount, Avocet, Merrick, and Aries.
  • Basic understanding of oil and gas production operations.

About the company

Repsol is an energy company that operates across the oil and gas value chain, including exploration, production, refining, and selling fuels, and is expanding into a multi-energy portfolio as part of the energy transition. Its products come from extracting hydrocarbons, processing them into fuels and other energy products, and distributing them to markets, while it increasingly adds new energy forms and services. The company differentiates itself through its long history of international expansion, strategic partnerships, and large-scale asset transactions, such as selling a stake to EIG to fund its transition. Its goal is to monetize its existing assets while accelerating the shift to a diversified, lower-carbon energy mix, potentially supported by a US IPO for its upstream unit from 2026 onward.

Company Size

10,001+

Company Stage

IPO

Headquarters

Madrid, Spain

Founded

1987

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Simplify's Take

What believers are saying

  • First-half 2026 adjusted net income hit €2.711 billion, up 135% year over year.
  • Pikka should reach 80,000 gross barrels daily in Q3 2026, lifting upstream volumes.
  • Repsol announced €850 million buybacks and an 8% higher 2026 cash dividend.

What critics are saying

  • CNMC fined Repsol €20.5 million on February 3, 2026 for margin-squeeze practices.
  • Venture Global beat Repsol in January 2026 LNG arbitration, weakening contract enforcement leverage.
  • Repsol says 90% of crude contracts miss EU methane rules before January 1, 2027.

What makes Repsol unique

  • Repsol pairs Alaska upstream growth with renewable asset rotations, funding transition without starving returns.
  • Pikka started in May 2026, giving Repsol a rare new North Slope growth engine.
  • Masdar and Stonepeak validate Repsol’s renewable platform as a monetizable, partner-friendly asset base.

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Benefits

Hybrid Work Options

Company News

Europe Says
Aug 26th, 2026
Latham Represents Repsol E&P in US$2.5 Billion Bond Offering - Spain

Repsol E&P S.à r.l. (Repsol E&P), the holding company of the exploration and production (Upstream) business of Repsol, S.A. (Repsol) Group, through

Yahoo Finance
Jul 23rd, 2026
Repsol's Q2 2026 net income surges to $2B amid oil price volatility and Strait of Hormuz tensions

Repsol SA reported strong Q2 2026 results with adjusted net income of €1.8 billion, over €1 billion higher year-on-year. First-half adjusted net income reached €7.2 billion, up 135% compared to 2025. The Spanish energy company reduced net debt to €3.7 billion by end of Q2, down €1.1 billion from March 2026. Its gearing ratio stood at 11.3%. Repsol achieved a major milestone with the start-up of the Pikka project in Alaska. Production reached 558,000 barrels of oil equivalent per day, 4% above the previous quarter. The company announced a total cash dividend of €1.051 per share for 2026, approximately 8% higher than 2025. However, geopolitical tensions around the Strait of Hormuz created extreme volatility, whilst a €1.3 billion working capital build-up affected cash generation.

The National
Jun 11th, 2026
Masdar acquires 49.99% of Repsol renewables for $959M, adding 705MW capacity

Abu Dhabi's Masdar has finalised an agreement to acquire a 49.99 per cent stake in Spain's Repsol Renewables for €849 million ($978 million). The transaction includes 705 megawatts of operational capacity comprising six solar parks and 13 wind farms, with potential to add 565MW in future. Subject to regulatory approval, the deal is expected to close by year-end. Once completed, Masdar will have 4.1 gigawatts of operational capacity across the Iberian Peninsula, with approximately 1GW under development. Owned by Taqa, Adnoc and Mubadala, Masdar has developed projects in over 40 countries with combined capacity exceeding 51GW. The company aims to reach 100GW of renewable capacity by 2030, supporting the UAE's clean energy and decarbonisation goals.

Yahoo Finance
Sep 23rd, 2025
Aramco-Repsol $1.2B Renewables Deal Stalls

Talks for Saudi Aramco to buy a minority stake in Repsol's renewables unit have stalled, with no plans to resume. The potential €1 billion ($1.2 billion) investment hit a dead end as Aramco seeks to sell assets and cut costs. Repsol, diversifying into renewables, saw its shares rise 24% in 2025. In 2022, Repsol sold a 25% stake in its renewables business for €905 million, valuing the unit at €4.38 billion. Repsol continues to invest in renewables, prioritizing returns.

USA Herald
Apr 29th, 2025
Stonepeak Buys $340M Stake in Repsol

Stonepeak has agreed to acquire a 46.3% stake in Repsol's U.S. solar and storage portfolio for $340 million, highlighting a shift towards renewable energy. The portfolio, valued at approximately $795 million, includes the 632-megawatt Frye solar farm in Texas and the Jicarilla complex in New Mexico, which combines 125 megawatts of solar with a 20-megawatt battery storage system. Legal firms Vinson & Elkins LLP and Latham & Watkins LLP represented Stonepeak and Repsol, respectively.