IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE

In re: PACIFIC ENERGY RESOURCES LTD., et al.1 Debtors.

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Chapter 11 Case No. 09-10785 (KJC) (Jointly Administered) Related to Docket No. [_____]

ORDER AUTHORIZING THE RETENTION AND EMPLOYMENT OF DELOITTE FINANCIAL ADVISORY SERVICES LLP AS FINANCIAL ADVISOR TO THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS NUNC PRO TUNC TO MARCH 26, 2009 Upon the Application of Official Committee of Unsecured Creditors for Entry of an Order, Authorizing the Retention and Employment of Deloitte Financial Advisory Services LLP as Financial Advisor to the Official Committee of Unsecured Creditors Nunc Pro Tunc to March 26, 2009 (the Application)2; and upon the Declaration of Curtis McClam (the McClam Declaration), in support of the Application; and the Court finding based upon the representations made in the Application and the McClam Declaration that Deloitte FAS is a disinterested person as that term is defined in section 101(14) of the Bankruptcy Code, that the employment of Deloitte FAS is necessary and is in the best interests of the Debtors estates; and it appearing that due notice of the Application has been given and that no other or further notice need be given; and after due deliberation and sufficient cause appearing therefor; it is hereby ORDERED that, the Application is GRANTED; and it is further

The Debtors in these chapter 11 cases are: Pacific Energy Resources Ltd., Petrocal Acquisition Corp., Pacific Energy Alaska Holdings, LLC, Carneros Acquisition Corp., Pacific Energy Alaska Operating LLC, San Pedro Bay Pipeline Company, Carneros Energy, Inc., and Gotland Oil, Inc. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Application.
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ORDERED that, in accordance with sections 327(a) and 1103 of the Bankruptcy Code, the Committee is authorized and empowered to retain and employ Deloitte FAS effective nunc pro tunc to March 26, 2009, as its financial advisors in these Chapter 11 Cases pursuant to the terms set forth in the Application and the McClam Declaration, and Deloitte FAS is authorized to perform the services set forth in the Application; and it is further ORDERED that, Deloitte FAS shall file applications to be compensated in accordance with sections 330 and 331 of the Bankruptcy Code, the Bankruptcy Rules and the Local Rules, and such other procedures as may be fixed by order of this Court; and it is further ORDERED that, this Court shall retain jurisdiction to hear and determine all matters arising from or relating to the implementation of this Order.

Dated: ______________, 2009 The Honorable Kevin J. Carey Chief United States Bankruptcy Judge

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