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Stir together light sour cream, mayonnaise, chipotle peppers, lime juice, oregano, salt, and pepper until well combined.
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Taste, add additional salt and pepper if desired.
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Set aside.
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Heat olive oil over medium heat in a large skillet. Add diced bell pepper and onion, sauté until light and translucent, about 3 minutes. Stir in garlic, sauté an additional minute.
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Add the shrimp and sauté for 3-4 minutes, or until the shrimp is cooked through and opaque.
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Reduce heat, stir in chipotle cream sauce, and heavy cream, stirring to coat shrimp and warm through.
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Serve warm garnished with cilantro.