Drilling & WellsVerified
AUC meaning in oil and gas
AUC means Assets Under Construction. IN SAP, this is where capital monies are stored before the project is complete. Once the capital project is complete, the AUC's go to zero and the property starts to depreciate.
Definition
Assets Under Construction
IN SAP, this is where capital monies are stored before the project is complete. Once the capital project is complete, the AUC's go to zero and the property starts to depreciate.