BWEA-led consortium continuing exploration and appraisal studies for CHC offshore Cyprus

Cyprus Hydrocarbons Co. (CHC) has awarded BorchWix Energy Advisors (BWEA) a three-year oil and gas subsurface advisory services contract.

This is a follow-on to a similar contract that a BWEA and Baldey Ashton & Associates (BA) have been working on with CHC since the start of 2023. 

The contract scope covers exploration, appraisal and field development activities offshore southern Cyprus, the goal being to help CHC take appropriate technical and commercial decisions on exploitation of resources to the nation’s benefit.

BWEA/BA’s program covers:

• Geological studies, including basin evolution, play fairway analysis, depositional modeling, petroleum system analysis, static modeling, and core/log interpretation;
• Petroleum engineering studies (e.g., well construction design, dynamic simulation and production forecasting);
• Formation evaluation, including open-hole log evaluation, petrography, pressure, core and fluid analysis;
• Geophysical studies (e.g., rock physics, synthetic modeling, seismic interpretation and velocity modeling);
• Resources evaluation and risking studies, such as volumetric assessments, peer review and geological risking; and
• Integrated asset studies, including development concept evaluation and alternatives assessment.