Commercial & FinanceVerified
GNG meaning in oil and gas
GNG means Geological and Geophysical. GNG is a Business Type used by Finance to identify the group reporting line in the income statement. Cost centres with a 7th digit of '8' are GNG. These ultimately will appear under…
Definition
Geological and Geophysical
GNG is a Business Type used by Finance to identify the group reporting line in the income statement. Cost centres with a 7th digit of '8' are GNG. These ultimately will appear under Exploration expense in the annual accounts.