In the setting of this question it is mentioned that
Since localization preserves exact sequences we have that the exact sequence $$0 \to \mathfrak p \to R \to R/\mathfrak p \to 0$$ becomes $$0 \to \mathfrak p R_{\mathfrak p} \to R_{\mathfrak p} \to (R/\mathfrak p)_{\mathfrak p} \to 0.$$
I think this implies that the localization of $\mathfrak p$ at $\mathfrak p$ is $\mathfrak p R_{\mathfrak p}$. I am not sure how to get this result.
Any hints are appreciated!
I'll prove that $\mathfrak p_\mathfrak p$ and $\mathfrak p R_\mathfrak p$ are isomorphic as $R$-modules. First, we have that for every $R$-module $M$ and multiplicative set $S\subset R$ $$S^{-1}M\simeq M\otimes_R S^{-1}R\tag{*}$$ I expect this to be known, if not you can find the proof here. In particular we have $\mathfrak p_\mathfrak p\simeq\mathfrak p\otimes_RR_\mathfrak p$, so we then apply that for a flat module $M$ and ideal $I$ $$IM\simeq I\otimes_RM\tag{**}$$ hence the conclusion that $\mathfrak p_\mathfrak p\simeq \mathfrak pR_\mathfrak p$ as $R_\mathfrak p$-modules. A proof of $R_\mathfrak p$ being flat ($-\otimes_RR_\mathfrak p:R\text{Mod}\rightarrow R_\mathfrak p\text{Mod}$ preserves injective morphisms) is immediate from (*), otherwise you can take the Stacks Project word for it. Finally, (**) can be prove as follows: Since $M$ is flat and $I\hookrightarrow R$ is injective $$I\otimes_RM\rightarrow R\otimes_RM\simeq M,\qquad r\otimes m\mapsto rm$$ is injective and clearly has image $IM$, so it restricts to an isomorphism $I\otimes_RM\simeq IM$.