Creamer birdied two of the final three holes to reach 10 under on the Guadalajara Country Club course.
"I'm pleased with the way I'm hitting the ball, and I'm putting very well," Creamer said. "Consistently, I'm rolling the putts the way that I want to, and that's all I can ask for is to give myself as many opportunities as I can."
Creamer finished second last year, two strokes behind Michelle Wie.
"I really like coming here," Creamer said. "I enjoy the golf course. It sets up very well for my game. It's not the longest golf course that we play all year, but you have to hit a lot of fairways and you have to be very precise with your irons and that kind of suits my game. But coming in second last year, I definitely wanted to come back and give myself a good chance to win."
Wie withdrew Thursday because of a back injury after an opening 78.
Ochoa followed her first-round 74 with a 71 on her home course, leaving her 26th at 1 over in her first LPGA Tour event since retiring in April.
"I'm not going to say that I don't have chances anymore," Ochoa said. "But I guess right now, it's out of my hands what the other players do. I'm going to try to get here tomorrow, probably going to play early again and shoot a low round."
First-round leader Cristie Kerr was tied for 14th at 4 under. After opening with a tournament-record 64, the third-ranked American shot a 76 in the second round. She had two back-nine double bogeys.
Pettersen had a 65, matching Meena Lee for the best round of the day in the 35-player field.
Pettersen played the back nine in 6-under 30, birdieing Nos. 10, 11, 13, 14, 15 and 18.
"I gave myself some really good chances and made some good putts," Pettersen said. "Finally I'm getting the ball in the hole. So obviously that's going to help the scorecard."
Golf: Paula Creamer Shoots 66
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