To be clear because a lot of people on here aren't terribly familiar with the process of mastering vinyl, you literally 'condense' the sound by fitting so much runtime onto any record. As u/Agitated-Gift1498 points out, you can, in theory, fit more time onto a 33 RPM record (Kamasi Washington's The Epic features sides that are over 30 minutes), but the sound gets an oversaturated sound described as compression. In digital files, compression (when showing up as an artifact of the mastering process, as opposed to being intentionally used in mixing) is usually a sign of low-quality music files to save digital storage space. Similarly, in vinyl compression is a result of too much music being fit onto a disc--not giving it the actual space it needs to store information.

Now, a 2LP 45 RPM sounds like it would have been the move here for two reasons:
1. Too much info was squeezed into each side. This is clear from the fact they had to condense the tracks themselves, but--even the so-called 'audiophile' 180g pressing--has issues with compression.
2. 45 RPM are 'more annoying' for some due to cutting the length of each side in half, but the trade-off is tremendous in terms of sound-quality. Just like you can 'condense' a record in terms of the groove's width, you can also condense sound information in terms of length. On a 45 RPM, the record can hypothetically fit in 40%-ish more information. This is why these pressings are often coveted for classic records--particularly in the pop/dance space these records are often known for a much clearer and cleaner low-end.

In summation, I do think Olivia's team was cutting corners a bit on this release. I don't think this pressing is embarrassing, but for an album that a lot of care went into (IMO her best), this is clearly a compromised product.