Strategy and Risk integrated services and solutions for companies and organizations that need to manage, develop and protect the value of assets and resources


Cyril Widdershoven

Dr. Cyril Widdershoven is Founder and Owner.

Dr. Cyril Widdershoven is director and founder of Verocy. He is a long-time observer of the global energy market and presently holds several advisory positions with international think tanks in the Middle East and energy sectors in the Netherlands, the United Kingdom, and the United States. He earned his post graduate degrees at King’s College, University of London, Dept. of War Studies, and an MA in Middle East Studies at Nijmegen Uiversity, Netherlands.

 Main focus of his work has been on geopolitical risks, terrorism, fundamentalism and military/ defense related issues in the MENA region. He held several senior publishing positions in leading energy publications such as Afroil, Middle East Oil and Gas, and North Africa Oil and Gas Magazine Cairo, and he continues to oversee the Mediterranean Energy Political Risk Consultancy.

 Dr. Widdershoven worked on M&A operations in Egypt, Libya, Sudan, and Iran, he studied the pipeline operations in Libya, Algeria, Nigeria and Turkey, and he assessed risk for institutional investors and banks in Libya, Egypt, Saudi Arabia, Oman and Iraq, all while advising the Dutch government and international organizations on related issues.

In earlier career assignments, he held positions at Capgemini Consulting (Principal Consultant Centre of Excellence Oil and Gas International (Calgary, Canada), Deloitte Financial Advisory Services (Senior Manager, Oil & Gas), and as Senior Financial Analyst Oil & Gas Sector FDA, where he managed and advised the oil and gas department on equity and bond markets.

 Dr. Widdershoven has throughout his career lived and worked in numerous Middle East countries, with a home base in Egypt, where he was Head of Investment and Research at ARTOC Group for Investment and Development in Cairo. He is also has founded North Africa’s first English language oil and gas monthly North Africa Oil and Gas Magazine, now called Petroleum Africa, and was one of the founders of the Middle East Oil Gas Newsletter and Africa Oil Newsletter at Newsbase (UK).


Oscar Balhuizen

Mr. Oscar Balhuizen is Associated Partner.

He brings over 20 years of experience in the area of Risk Management and Corporate Finance, specialized in the Energy & Commodity area. Besides, Mr. Balhuizen has worked for 10 years with Deloitte, focusing on Financial Advisory Services.

Mr. Oscar Balhuizen is also Associated Partner with Berkeley and responsible for post merger services.

At Deloitte, Mr. Balhuizen was the responsible for the Dutch Energy & Commodity Risk Advisory group serving numerous international clients. Selection of clients served: RWE, Union Fenosa, Endesa, Iberdrola, DONG, Statkraft, Scottish Power, MVM, CEZ, Trainel, NuoN, Essent, Delta, Eneco, ONS, Shell, Mittal, Van der Sluijs Groep, Nidera, Kollo, Paperlinx, KLM and Akzo. Prior to his association with Berkeley, from 2010 till 2014, Mr. Balhuizen was the Corporate Risk Manager with the largest independent player in the Western European downstream oil market, Argos. Mr. Balhuizen was part of the management team and his main task was to design and implement a new Governance & Risk structure for the whole group, including the international trading activities.

The experience of Mr. Balhuizen includes: From 2000 till 2005: Assisting Delta with transforming their trade valuation process from cost accounting to mark to market accounting, including the selection and implementation of a ECRM software solution. In 2004 and 2005: Validating the cash flow & hedging models used for external financing for an European Oil Refinery. In 2005 till 2007: Designing a new valuation methodology for Nuon for the valuation of trading portfolios under IAS39. From 2007 till 2010: Assisting various European Utilities (Endesa, RWE, DONG and Iberdrola) with developing Virtual Powel Plant auctions, in order to comply with European antitrust regulations. From 2010 till 2014: Design and implementation of a comprehensive governance and risk structure for Argos, including new credit and market risk methodologies, process & business improvements, cash flow and gross margin optimizations. Mr. Balhuizen earned his degree Technical Business Management with the TH Rijswijk, the Netherlands.

Heiko Borchert

Dr Heiko Borchert is Associated Partner.

Since 1997 he has been working for public and private sector clients on issues like security foresight, maritime security, energy and resource supply security, critical infrastructure protection, public-private security cooperation, security sector evaluation, and defense industrial strategies. In 2015 he conducted an international comparative study on the naval use of unmanned and autonomous systems.

Dr Borchert is also owner Owner and Managing Director of Borchert Consulting & Research AG, a strategic security and defense consulting boutique.

In addition Dr Borchert is Associate Partner of Wise Pens International and he is affiliated with the Hague Center for Strategic Studies (HCSS) and member of the Advisory Board of
the Foreign and Security Policy Journal (Zeitschrift für Aussen- und Sicherheitspolitik).

Dr Borchert is a conference speaker and lectures regularly at different security/defense academies across Europe and abroad. He studied international relations, business administration, economics, and law at the University of St. Gallen (Switzerland), where he also received his PhD. He has published widely in his
areas of work and is co-editor of a series of books on the theory and practice of the Comprehensive Approach.