Academic literature on the topic 'Capital embarked'
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Journal articles on the topic "Capital embarked"
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Burgess, Bethia, and Tracy McDiarmid. "Generating evaluation capital: Lessons learned in meta-evaluations in International Women’s Development Agency." Evaluation Journal of Australasia 18, no. 2 (June 2018): 109–21. http://dx.doi.org/10.1177/1035719x18760871.
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The strategic allocation of evaluation resources in a resource-constrained environment is a common challenge shared by governments, non-government organisations, and the private sector. In 2015-2016 International Women’s Development Agency (IWDA) embarked on an organisational journey to generate additional evaluation “capital” by producing meta-evaluations. This article explores how the processes of evaluation and meta-evaluation contribute to organizational governance in terms of establishing an evidence-based policy environment, an informed learning platform, and programming informed by evaluation “capital.”
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Irfan ul Haque, Irfan ul Haque. "The Capital Account and Pakistani Rupee Convertibility: Macroeconomic Policy Challenges." LAHORE JOURNAL OF ECONOMICS 16, Special Edition (September 1, 2011): 95–121. http://dx.doi.org/10.35536/lje.2011.v16.isp.a5.
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Pakistan embarked on the liberalization of its capital account more than two decades ago. Today, it is an economy with a capital account that is, by and large, free of restrictions, and a convertible currency. However, its actual integration into the global economy in comparison to other emerging market economies has remained rather limited. The opening of a capital account appeared to have improved the country’s access to private foreign capital, but because of domestic security and economic and political concerns, the inflow of private capital has fallen in recent years. Although capital outflows were not a major cause for the decline in foreign exchange reserves during Pakistan’s economic crisis of 2008, the open capital account and rupee convertibility have made it more vulnerable to outside shocks. This article identifies three areas where policymakers in Pakistan face serious challenges, i.e., macroeconomic management; controlling tax evasion, which the Pakistani rupee’s convertibility has made easier; and minimizing the real cost of portfolio investment to the country. The article offers ideas on how these challenges could be met.
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Saleh, Mohamed. "The Reluctant Transformation: State Industrialization, Religion, and Human Capital in Nineteenth-Century Egypt." Journal of Economic History 75, no. 1 (March 2015): 65–94. http://dx.doi.org/10.1017/s0022050715000030.
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In 1805–1882, Egypt embarked on one of the earliest state industrialization programs. Using a new data source, the Egyptian nineteenth-century population censuses, I examine the impact of the program on the long-standing inter-religious human capital differentials, which were in favor of Christians. I find that there were inter-religious differentials in reaping the benefits (or losses) of industrialization. The first state industrialization wave was “de-skilling” among Muslims but “up-skilling” among Christians, while the second wave was “up-skilling” for both groups. I interpret the results within Lawrence F. Katz and Robert A. Margo (2013) framework of technical change.
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Omodero, Cordelia Onyinyechi. "External Debt Financing and Public Capital Investment in Nigeria: A Critical Evaluation." Economics and Business 33, no. 1 (January 1, 2019): 111–26. http://dx.doi.org/10.2478/eb-2019-0008.
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Abstract This study considers the consequences of external loan on capital investment in Nigeria. Data for the study have been collected from the World Bank and Central Bank of Nigeria Statistical Bulletin, 2018 edition. The variables on which data are sourced include government capital expenditure, external debt accumulation, debt servicing cost, inflation rate, and exchange rate. Government capital expenditure is the dependent variable, while external debt accumulation and debt servicing cost are the key independent variables. Inflation and exchange rates are used as the moderating variables. The scope of the study covers the period from 1996 to 2018 and the data are analysed using the ordinary least squares multiple regression method. The regression results indicate that external debt has a significant negative impact on capital investment while debt servicing cost has a strong and significant positive effect on capital investment. Under this circumstance, the controlling variables are not significant in influencing capital investment. Hence, the study suggests more focus on profitable capital investments if external borrowing must be embarked upon. The need for the development of untapped natural resources, establishment of industries and revival of abandoned industries to boost debt repayment has been emphasized. The study also strongly recommends that the existing governments (state and federal) should endeavour to complete capital projects of past administrations in order to drive the economy and to avoid wastage of financial resources including the borrowed funds.
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Ye, Min. "Policy Learning or Diffusion: How China Opened to Foreign Direct Investment." Journal of East Asian Studies 9, no. 3 (December 2009): 399–432. http://dx.doi.org/10.1017/s159824080000672x.
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When China embarked on economic reform in the late 1970s, its leaders aspired to learn from Japan's developmental policies that were restrictive of foreign capital. In the 1990s, China strove again to emulate Japan and South Korea in restricting foreign direct investment and promoting indigenous corporations. Despite these efforts, China's industrial catch-up was in fact led by FDI, in sharp contrast to the classic Japanese/Korean paradigm where FDI was strictly circumvented. Why was China unsuccessful in learning restrictive FDI policies? How did a new developmental path emerge in China? The answer lies in China's strong networks with diaspora communities. Through a diffusion mechanism, ties between local governments and diaspora capital helped initiate and catalyze China's FDI liberalization, despite the central efforts to learn from Japan and South Korea. Two critical reform episodes are examined: (1) the establishment of special economic zones and (2) the reform of state-owned enterprises.
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Christophers, Brett. "Risk capital: Urban political ecology and entanglements of financial and environmental risk in Washington, D.C." Environment and Planning E: Nature and Space 1, no. 1-2 (March 2018): 144–64. http://dx.doi.org/10.1177/2514848618770369.
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In endeavouring to deal with a longstanding problem of contamination of waterways in Washington, D.C. due to combined sewer overflows, the responsible utility, DC Water, has recently embarked on a two-fold, simultaneous ‘greening’ – firstly of the physical infrastructures being installed to address the overflow problem, and secondly of the financing of this capital investment. This article examines DC Water’s turn to green infrastructure and green bonds in order to consider the question of how environmental and financial processes in general – and environmental and financial risks in particular – co-determine not just one another but the transformation of contemporary urban socioecological landscapes more broadly. In the process, it aims to inject a greater sensibility both to finance and to ‘green capitalism’ into urban political ecology. Through a critical consideration of the interlocking temporal, spatial and monetary dimensions of DC Water’s two-fold greening project, the article shows that this project has served significantly to augment levels of environmental and financial risk, entangling them in significant new ways.
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Redon, Marie. "The Model’s Limitations. What ‘Urban Sustainability’ for Port-au-Prince? European Urban Projects Put to the Test by the Haitian City." European Spatial Research and Policy 20, no. 2 (January 22, 2014): 41–56. http://dx.doi.org/10.2478/esrp-2013-0010.
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In 2010, the capital of Haiti was devastated by an earthquake that seemed to provide the opportunity for the country, as well as foreign donors, to put Port-au-Prince on the track of an ordered, planned urban policy, in line with its multi-risk context. Prior to the earthquake, the lack of a legal framework for urban planning was called into question. In its wake, speeches making the capital the emblem of a new ‘sustainable’ start have flourished. The European Union, the main donor of funds for Haiti, has embarked on a programme of support for reconstruction, but with what results three years later? The paper proposes to approach the limitations of the ‘sustainable city’ model, conditioned by spatiotemporal continuity. The systemic functioning underlying urban sustainability clashes with the context of Port-au-Prince, where spatial division and temporal discontinuity are determinant. In spite of itself, aid and its operation by projects, seems to enforce urban fragmentation and dissonance.
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Kurian Baby, V., and V. Ratna Reddy. "How effective are the new WASH security guidelines for India? An empirical case study of Andhra Pradesh." Water Policy 15, no. 4 (March 4, 2013): 535–53. http://dx.doi.org/10.2166/wp.2013.147.
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India has been making policies relating to the water, sanitation and hygiene (WASH) sector since independence. The 2010 policy guidelines for the water and sanitation sectors have embarked on a new path of water security by identifying and emphasizing the importance of hitherto nagging bottlenecks in sustainable service delivery. This paper attempts to assess these policy guidelines critically and suggest ways to make them effective from the point of view of putting them into operation. This paper argues the following. (i) WASH sector financing needs to be addressed directly with realistic assessment of unit costs and their composition. (ii) Within the WASH sector sanitation needs special focus in terms of planning and allocations. Treating sanitation as an add-on to water would not be enough to improve the sanitation and hygiene conditions. The approach to sanitation needs to be focused on creating demand at the household level, segregating private and public responsibilities in this regard. (iii) Although the new guidelines try to bring a much needed balance between the cost components of new capital investment, they are not clear about post-construction support, especially capital maintenance and ring fencing the allocations towards O&M (operations and maintenance), as well as emphasizing that capital maintenance is critical for sustainable service delivery.
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Khun Eng, Kuah-Pearce. "Moralising Ancestors as Socio-moral Capital: A Study of a Transnational Chinese Lineage." Asian Journal of Social Science 34, no. 2 (2006): 243–63. http://dx.doi.org/10.1163/156853106777371256.
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AbstractWithin the Chinese Diaspora, ancestor worship is an important cultural element that binds a group of people together and provides them with a sense of comfort, kinship and communal identity as they sink their cultural roots in a new country, luodi shenggen. Thus, ancestor worship is widely reproduced and practised by the Chinese in the Diaspora, as it is central to the Chinese understanding of the continuation of family and lineage. However, in Mainland Chinese villages, the practice of ancestor worship, which is still considered important by the villagers, was not allowed until the Open Door Policy in 1978. With this policy, emigrant villages, (qiaoxiang) embarked on an aggressive campaign to woo the Chinese in overseas communities to return to their native villages to help with economic development through various strategies. One of the strategies is to allow for the revival and practice of ancestor worship in the rural villages. This paper explores how ancestors continued to be regarded as important members of a transnational lineage in the Fujian Province in South China, and also in Singapore. Because of the central focus on ancestors and ancestor worship in the Chinese society, ancestors are moralised as a significant social capital by the Chinese State, local government and rural villagers, in an attempt to establish transnational guanxi linkages between the ancestral villages in rural China and their Diaspora members in Singapore. The Chinese State, with instrumental consideration, sees this transnational guanxi networks and the revival of ancestor worship as a strategy to encourage the Chinese Diaspora to visit their ancestral home and help with village development.
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King, Desmond S., and Ted Robert Gurr. "Federal Responses to Urban Fiscal Stress and Decline in the United States." British Journal of Political Science 17, no. 1 (January 1987): 109–17. http://dx.doi.org/10.1017/s0007123400004634.
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This Note reports some findings from a larger study we are embarked upon. Our broader objective is to develop a general theory of the national state's interest in cities in advanced industrial societies. We argue that state officials generally pursue their own interests in the protection and expansion of state power and resources and specifically have interest in the viability of cities, interests that do not simply reflect the interests of private capital or any other societal groups. A broad twofold distinction is made between those state activities necessary for the perpetuation of the state (maintenance of public order, legitimacy, durable political institutions, revenue base) and those necessary for the perpetuation of cities (provision of collective goods, developmental policies and social services). Space limitations preclude a full account and justification of these arguments here. Rather, we present some hypotheses about how such state interests should inform the allocation of funds across cities and report the findings of some initial empirical tests for the United States.
Books on the topic "Capital embarked"
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Heine, Steven. Temples. Oxford University Press, 2017. http://dx.doi.org/10.1093/oso/9780190637491.003.0007.
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Chapter 7 examines how temples were constructed and maintained to enable trainees to attain a transcendent spiritual state through monastic discipline and studies of various kinds of sacred writings paired with carefully structured activities of everyday practice. It stresses the significance of Zen temples by examining the role of monks as those who depart from their home to retreat from ordinary society, replacing ordinary family relationships with a new sense of lineal identity and hierarchy in the monastery. This chapter also discusses regional transfers brought about by evangelical teachers to various centers of secular power, such as the capital cities of Hangzhou in China and Kyoto in Japan, or hubs of transit, such as the ports of Ningbo in China and Hakata in Japan, where all wayfarers embarked or disembarked from their journeys.
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Amadi, Sam. Improving Electricity Access through Policy Reform. Oxford University Press, 2018. http://dx.doi.org/10.1093/oso/9780198819837.003.0017.
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In Nigeria, an estimated 170 million people depend on less than 4,000 megawatts of electricity from the grid for economic and social needs. Since 2000 the country has embarked on an ambitious power sector reform programme, the main objective of which is to ensure adequate, available, and reliable electricity. The power sector reform adopts a neo-liberal development model that is based on the triple strategy of liberalization, commercialization, and privatization. This strategy has relied heavily on the reform of the existing legal regime of state institutions so as to attract foreign private capital to increase capacity, expand connection, and improve reliability. This chapter reviews the incompletely theorized neo-liberal assumptions in the reform policies and shows how these assumptions have undermined the efficacy of legal reform in the electricity industry and resulted in failed expectation.
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Nobbs-Thiessen, Ben. Landscape of Migration. University of North Carolina Press, 2020. http://dx.doi.org/10.5149/northcarolina/9781469656106.001.0001.
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In the wake of a 1952 revolution, leaders of Bolivia's National Revolutionary Movement (MNR) embarked on a program of internal colonization known as the "March to the East." In an impoverished country dependent on highland mining, the MNR sought to convert the nation’s vast "undeveloped" Amazonian frontier into farmland, hoping to achieve food security, territorial integrity, and demographic balance. To do so, they encouraged hundreds of thousands of Indigenous Bolivians to relocate from the "overcrowded" Andes to the tropical lowlands, but also welcomed surprising transnational migrant streams, including horse-and-buggy Mennonites from Mexico and displaced Okinawans from across the Pacific. Ben Nobbs-Thiessen details the multifaceted results of these migrations on the environment of the South American interior. As he reveals, one of the "migrants" with the greatest impact was the soybean, which Bolivia embraced as a profitable cash crop while eschewing earlier goals of food security, creating a new model for extractive export agriculture. Half a century of colonization would transform the small regional capital of Santa Cruz de la Sierra into Bolivia's largest city, and the diverging stories of Andean, Mennonite, and Okinawan migrants complicate our understandings of tradition, modernity, foreignness, and belonging in the heart of a rising agro-industrial empire.
Book chapters on the topic "Capital embarked"
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Galaby, Aly Abdel Razek. "Creative Cities and Knowledge Capital." In Advances in Electronic Government, Digital Divide, and Regional Development, 159–84. IGI Global, 2018. http://dx.doi.org/10.4018/978-1-5225-3734-2.ch009.
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Many nations of the world are responding to the shift from development policies that rely on intensified labor and capital into alternative policies that build on the intensification of knowledge. The trend towards knowledge-based development has received increasing attention from academics and policy makers in the world. Innovative development paradigms of existing urban models (cities of knowledge, creative cities, and local circles of the knowledge society [precincts]) have opened up alternative prospects for development to the nations of the world. The Emirate of Dubai was among the Arab countries that absorbed this lesson and took the initiative of transforming its economy into a knowledge economy, building their development policies on the intensification of knowledge, embarked on the creation of the creative city and the formation of a knowledge capital, and stopping to understand this experience and explain its constraints; perhaps the research findings would support this effort.
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Matambirofa, Francis. "Sowing Political Capital and Harvesting Economic Regression." In Natural Resources Management, 1507–23. IGI Global, 2017. http://dx.doi.org/10.4018/978-1-5225-0803-8.ch071.
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Since 2000, Zimbabwe has embarked on an unplanned “land reform” referred to as the Fast-Track Land Reform Programme (FTLRP). The tumult experienced in its wake has infamously become known as the crisis in Zimbabwe. This chapter dissects and interrogates issues relating to competing variables such as land restorative and redistributive moral considerations, “hypocritical” political expedience, and, related to the latter, indigenous economic empowerment considerations that government used to justify FTLRP. The central hypothesis is that the economic and political crisis that FTLRP spawned was not, strictly speaking, “land reform,” but, by a figure of speech, only some aspirin that was meant to ease people's pain caused by economic and political challenges for which government did not have a solution. Adopting a stance of victim, underdog triumphalism, FTLRP was essentially a mischievous pretext for the ZANU(PF) government to coercively retain political power while sacrificing the economy, which inexorably imploded.
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Matambirofa, Francis. "Sowing Political Capital and Harvesting Economic Regression." In Handbook of Research on In-Country Determinants and Implications of Foreign Land Acquisitions, 338–53. IGI Global, 2015. http://dx.doi.org/10.4018/978-1-4666-7405-9.ch017.
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Since 2000, Zimbabwe has embarked on an unplanned “land reform” referred to as the Fast-Track Land Reform Programme (FTLRP). The tumult experienced in its wake has infamously become known as the crisis in Zimbabwe. This chapter dissects and interrogates issues relating to competing variables such as land restorative and redistributive moral considerations, “hypocritical” political expedience, and, related to the latter, indigenous economic empowerment considerations that government used to justify FTLRP. The central hypothesis is that the economic and political crisis that FTLRP spawned was not, strictly speaking, “land reform,” but, by a figure of speech, only some aspirin that was meant to ease people's pain caused by economic and political challenges for which government did not have a solution. Adopting a stance of victim, underdog triumphalism, FTLRP was essentially a mischievous pretext for the ZANU(PF) government to coercively retain political power while sacrificing the economy, which inexorably imploded.
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Kim, Jessica M. "Organizing Capital and Controlling Race and Labor." In Imperial Metropolis, 48–76. University of North Carolina Press, 2019. http://dx.doi.org/10.5149/northcarolina/9781469651347.003.0003.
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This chapter explores how, as Los Angeles capitalists embarked on investment ventures and urban-imperial expansion across Mexico, they extended concepts of race and labor forged in Los Angeles to build networks for investment and to control their Mexican workforce. They channelled a history of working with California’s Mexican American elite into productive partnerships with president Porfirio Díaz and other Mexican elites. Los Angeles investors also applied ideas about race and labor developed in Southern California to their investments in Mexico. These ideas were also linked to their perspective on race and American empire-building around the globe. Anglo-American investors in Los Angeles believed that a hierarchy of race justified their labor system in Southern California as well as imperial exploits around the globe. These investors included William Rosecrans; Harrison Gray Otis, owner of the Los Angeles Times; Senator Thomas Bard; and oil baron Edward Doheny. They believed that Mexican land, resources, and labor could be drawn into Los Angeles’s commercial orbit in the form of a racialized labor system and “informal” empire.
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Kelz, Robert. "Enduring Competition." In Competing Germanies, 226–88. Cornell University Press, 2020. http://dx.doi.org/10.7591/cornell/9781501739859.003.0006.
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This chapter tracks the trajectory of Argentina's German theaters against a changing political landscape and new waves of European emigration. In the postwar period, director Paul Walter Jacob endeavored to attract all German speakers to the Free German Stage; however, his failed efforts at reconciliation underscored the polarized environment in the Argentine capital. Without ever renouncing fascism, Ludwig Ney adopted a strategy of interculturalism to succeed professionally in Peronist Argentina. German-speaking artists from across the political spectrum embarked on cross-cultural projects, and their transformative impact on theater in Argentina is still evident today. Meanwhile, in its crusade against communism, the West German embassy intervened at both stages. Carefully staged depictions of German heritage and reconciliation reflected a specious contrivance, contingent on edited memories of the recent past. The intractable animosity ultimately led to a move away from German dramatists in favor of canonical European playwrights, such as William Shakespeare.
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Markowitz, Jonathan N. "A Tale of Two Nordic Powers." In Perils of Plenty, 178–223. Oxford University Press, 2020. http://dx.doi.org/10.1093/oso/9780190078249.003.0008.
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Chapter 8 explores Denmark and Norway’s divergent responses to the revelation of Arctic resources in 2007. This chapter employs a natural experiment that exploits the discovery of North Sea oil in the 1960s. The two Nordic nations are extremely similar, but Norway discovered oil, while Denmark did not. Norway embarked on a resource-driven development path, while Denmark, with no oil reserves to exploit, invested heavily in its citizens’ productivity and human capital. As a result, Norway’s economic structure became land-oriented and Denmark’s production-oriented. This provides an opportunity to observe the effect that variation in each state’s economic structure had on its preference for territory and willingness to compete over its control. The findings reveal that Norway’s economic dependence on income from natural resources drove Oslo to invest much more than Copenhagen in projecting power to secure Arctic claims. This finding strongly confirms Rent-Addiction Theory’s predictions.
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Rowley-Conwy, Peter. "The Construction of Prehistory: Copenhagen to 1836." In From Genesis to Prehistory. Oxford University Press, 2007. http://dx.doi.org/10.1093/oso/9780199227747.003.0006.
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Copenhagen lies on the eastern shore of Zealand, Denmark’s most easterly island. Scania, the southernmost province of Sweden, lies opposite; the city of Lund is just a few kilometres inland. They are separated only by the Sound, a body of water narrower than the English Channel, which narrows further to just 5 kilometres at a point some 40 kilometres north of Copenhagen. Lund and Copenhagen both have old universities, and an archaeologist travelling from one to the other can now make the journey via the new bridge over the Sound in less than an hour. In the early nineteenth century it took a little longer, but even in those days academic exchange was not dificult. For example, on 21 June 1830 the Swedish archaeologist Bror Emil Hildebrand embarked at 2 p.m. across the narrowest part of the Sound, and after spending that night in a hotel on the Danish side, reached Copenhagen on the afternoon of 22 June. Returning home on 17 August, he took a ferry direct from Copenhagen which departed at 8 a.m., but due to contrary winds he did not reach the Swedish side till that night (Hildebrand and Hermansen 1935). By 1842, steamships had speeded this up; the Danish historian Christian Molbech, visiting Lund, noted in his diary that he could be home in Copenhagen in just four hours (Molbech 1844a). Not surprisingly, the academic community of Lund was therefore much more closely linked to Copenhagen than it was to the Swedish capital, Stockholm, which is getting on for 600 kilometres from Lund as the crow fiies. Molbech left Lund early on 9 June 1842 and travelled overland to Ystad, from where he took a steamship to Stockholm. This journey took him four days, and he doubted that even the introduction of steamships would bring Copenhagen and Stockholm into close connection (Molbech 1844a: 274). (What Hildebrand learned during his visit, and how Molbech had contributed to prehistory, we shall see below). The Three Age System emerged from the Copenhagen–Lund academic axis in the early nineteenth century. This chapter will examine the initial developments, which took place mainly in Copenhagen and culminated in Thomsen’s publication of the artefactual scheme in 1836.
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David, Emmanuel. "Hill Visits." In Women of the Storm. University of Illinois Press, 2017. http://dx.doi.org/10.5622/illinois/9780252041266.003.0007.
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This chapter follows Women of the Storm members as they embark on their visits to Capitol Hill to extend their invitations to members of Congress. Both successful and failed encounters with numerous lawmakers, such as Peter Stark, Nancy Pelosi, and Dennis Hastert, are discussed. The women’s Southern femininity, manners, and polished restraint are examined as an individual and group tactic. The chapter also considers efforts by group members to expand the circle of loss to challenge the idea that only poor neighborhoods were affected by Katrina.
Conference papers on the topic "Capital embarked"
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Karluk, S. Rıdvan. "EU Enlargement to the Balkans: Membership Perspective to the Balkan Countries." In International Conference on Eurasian Economies. Eurasian Economists Association, 2014. http://dx.doi.org/10.36880/c05.01163.
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After the dispersion of the Soviet Union, the European Union embarked upon an intense relationship with the Central and Eastern European Countries. The transition into capital market and democratization of these countries had been supported by the Ministers of Foreign Affairs at the beginning of 1989 before the collapse of the Soviet Union System. The European Agreements were signed between the EU and Hungary, Poland, and Czechoslovakia on December 16th, 1991. 10 Central and Eastern Europe Countries became the members of the EU on May 1st, 2004. With the accession of Bulgaria and Romania into the EU on January 1st, 2007, the number of the EU member countries reached up to 27, and finally extending to 28 with the membership of Croatia to the EU on July 1st, 2013. Removing the Western Balkan States, Serbia, Montenegro, Albania, and Bosnia and Herzegovina from the scope of external relations, the EU included these countries in the enlargement process in 2005.The European Commission has determined 2014 enlargement policy priorities as dealing with the fundamentals on preferential basis. In this context, the developments in the Balkans will be closely monitored within the scope of a new approach giving priority to the superiority of law. The enlargement process of the EU towards the Balkans and whether or not the Western Balkan States will join the Union will be analyzed.
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Ransome, Cherise M., and Randell T. Jackman. "Applying Front End Loading FEL Approach to Rationalizing Heritage Petroleum Company Limited Forward Development Strategy." In SPE Trinidad and Tobago Section Energy Resources Conference. SPE, 2021. http://dx.doi.org/10.2118/200891-ms.
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Abstract This paper presents the methodology used by the Offshore Business Unit of Heritage Petroleum Company Limited (HPCL), to reorganize its future development portfolio. This methodology enabled us to re-organize and rank future projects in order of 1) Developability, 2) Subsurface, Drilling, Flow Assurance and HSSE risks, 3) Financial indicators such as CAPEX and $/BOE, as an approach to maximizing return on investment whilst maintaining the stated goals of the company of monetizing our oil reserves and resources. Following the incorporation of HPCL, the organization attempted to embark on a production stabilization and growth strategy but faced challenges regarding financial and human resource allocation as well as understanding project development best suited for the mature 70 year kit it currently operates. There was a sizable Forward Drilling Campaign (FDP) that remained to be executed from the Legacy company, but there was a need to determine how best to proceed with it. The question was how can we optimize this FDP to attain Heritage’s goals in the short and near term. The answer resided in holding a Pre-Appraisal workshop. A Pre-Appraise Level-1 workshop was held analyzing risk and uncertainty for all future drilling projects. Key to understanding and quantifying inherent risks and opportunities was the presence of a full multidisciplinary team, which included subsurface, facilities, drilling, finance, planning and HSSE personnel. This approach yielded a list of future opportunities that best fit HPCL’s debt-to-capital ratio or debt service coverage position. It also helped to identify projects better suited for joint venture or external capital expenditure options. This workshop resulted in upper management having clear line-of sight regarding the project portfolio, and resource assignment. Once the projects were ranked and grouped, the process of calculating the associated investment to capitalize production across the entire lifecycle was undertaken. A matrix showing Dollar/BOE vs. Project Risk was then built for the new growth strategy. This tool allowed HPCL to select those opportunities that required minimum investment coupled with low HSSE risks. The Pre-Appraise Level-1 workshop guided HPCL to initiate the Shallow Forest Main Field re-development and the East Field drilling development projects as developments to undertake with least risk. The Main Field Shallow Forest Development requires the lowest CAPEX (Drilling and Facilities) and is capital efficient. The proved to non-proven reserves ratio is small (0.05) indicating a high developable remaining resource which will be accessible through secondary or tertiary methods. This approach to understanding development portfolios is new within HPCL; although it has been tried and tested by many operators worldwide when reviewing their capital projects. The Shallow Forest Main Field development carries a low risk profile and is being managed using the Capital Value Process. This project is now in the appraise stage.