Organizational Life Cycle in PT Petrogas Jatim Utama Cendana : An Exploratory Study

Abstract

This paper aims to analysis the organizational life cycle in PT Petrogas Jatim Utama Cendana strating from founding, growth and maturity phase. The research method used is an exploratory qualitative method with in-depth interview with the founder of PT Petrogas Jatim Utama Cendana. The source of data consists of primary data from observation and interview. The secondary data is gathered from document and report. To validate the data, this research used source triangulation. The data analysis used is data display and conclusion. The result shows that open and professional management style in founding phase plays critical role in founding phase of transferring Participating Interest from oil and gas contractor. The growth phase indicates by the establishment of Central Processing Facility (CPF) in Banyu Urip Field and Floating Storage Off Loading (FSO) Gagak Rimang to increase oil production to 200.000 barell oil per day. The plateau in maturity phase describes the contribution to regional revenue as of December 2021 with total USD 26.621.000. The existence of Participating Interest (PI) through Government Regulation 35/2004 contributed to transfer of knowledge of oil production and especially accelerate regional revenue’s growth.