Pacific Energy Resources Ltd.: Successful Inspection of Pipeline to the Port Long Beach

LONG BEACH, CALIFORNIA--(Marketwire - November 27, 2007) - Pacific Energy Resources Ltd. (TSX: PFE) (The "Corporation") and its wholly owned subsidiary San Pedro Bay Pipeline Company (SBPLC) wishes to announce its successful inspection of the San Pedro Bay Pipeline (SPBPL). The SPBPL, a 16 inch, 17.3 mile pipeline carries crude oil produced on Pacific's Beta Unit Platforms in Federal waters, 9 miles offshore Long Beach to shore at Beta Pump Station in the Port of Long Beach. This successful inspection was a requirement by Department of Transportation, Minerals Management Service and California State Lands Commission who have oversight on the pipeline. The inspection contractor GE Pipeline Solutions PII utilized their UltraScan WM inspection tool to inspect the 16-inch pipeline. GE as the contractor for Pacific Energy reviewed the data and produced a final report submitted to the Governing Agencies for their review. The final report indicates that the SPBPL meets and exceeds requirements set in its Pipeline Integrity Management Plan as per 49 CFR Part 195.452. This successful effort also removes certain barriers that exist with the company's loan agreements that restricted significant capital spending in the Beta Oil field until the long-term viability of the sales line was established. "This is a significant event and marks the beginning of the formal effort to redevelop the Beta Oil field and return Platform Eureka to production" said Darren Katic the company's president. Pacific Energy Resources Ltd. The Corporation is an oil and gas exploration and development company based in Long Beach, California, U.S.A. Additional information relating to the Corporation may be found on SEDAR at ON BEHALF OF THE BOARD OF DIRECTORS PACIFIC ENERGY RESOURCES LTD. Mr. Darren Katic, President Note: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results, are based on current expectations or beliefs and include, but are not limited to, statements concerning the timing, terms and amounts of the planned private placement and credit facility. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Corporation uses words such as "continue," "efforts," "expect," "believe," "anticipate," "confident," "intend," "strategy," "plan," "will," "estimate," "project," "goal," "target," "prospects," "optimistic" or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the parties' ability to satisfy conditions precedent to the proposed transactions, including without limitation, obtaining regulatory and stockholder approval, the Corporation's ability to meet its obligations under its existing and anticipated contractual obligations, the impact of changes in market conditions and the Corporation's business environment, including actions of competitors; the occurrence of acts of terrorism or acts of war; changes in governmental laws and regulations, including income and other taxes; and other factors as may be discussed in the documents filed by the Corporation on SEDAR (, including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Corporation undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Contacts: Boardmarker Group (403) 517-2270 Email: