AbEx meaning in oil and gas
AbEx means Administrative Budget Expenditure. <p> Administrative Budgets (ABs) comprise the administrative (or running) costs of service Departments/Offices. They include salaries and overtime, travel costs, office…
Definition
Administrative Budget Expenditure
<p> Administrative Budgets (ABs) comprise the administrative (or running) costs of service Departments/Offices. They include salaries and overtime, travel costs, office premises expenses, office equipment, consultancy etc. They do not include the cost of programme expenditure. Pay is by far the largest single element of ABs, accounting for over 70% of total AB expenditure. Total AB expenditure of the 24 participating Departments/Offices is about £700m a year, which is equivalent to about 5% of Non-Capital Supply Services (NCSS) expenditure.<p>