The overall aim of PIP is to promote hydrocarbon exploration and development activities by:
· Strengthening of local support structures
· Funding of research data gathering and ‘land-based’ research in Irish offshore areas
· Providing a forum for co-operation amongst explorationists and researchers
Research under the Programme goes beyond normal licence area–specific work and is designed so as not to duplicate the efforts of other groups or of commercial contractors. It is also considered essential that local researchers should be given an opportunity to participate in the research projects. PIP is funded by oil companies with licences offshore Ireland and the PAD.