**EXHIBIT 21.1**

 

**BPZ Resources, Inc. (1) (Texas) List of Subsidiaries and Branches (2) As of December 31, 2009**

 
| **Name**                                                     | ** ** | **Jurisdiction**        |
|--------------------------------------------------------------|------------|-------------------------|
|                                                         |       |                    |
| BPZ  Resources, Inc. (2)                                |       | Texas                   |
|                                                         |       |                    |
| BPZ  Marine, Inc.                                       |       | Texas                   |
|                                                         |       |                    |
| BPZ  U.S. Holdings, LLC                                      |       | Texas                   |
|                                                         |       |                    |
| SMC  Ecuador, Inc.                                      |       | Delaware                |
|                                                         |       |                    |
| BPZ  Energy, LLC (3)                                         |       | Texas                   |
|                                                         |       |                    |
| BPZ  Energy International Holdings, LP                       |       | British  Virgin Islands |
|                                                         |       |                    |
| International  Support, LP                                   |       | British  Virgin Islands |
|                                                         |       |                    |
| BPZ  Exploración & Producción, S.R.L. (4) |       | Perú               |
|                                                         |       |                    |
| Empresa  Electrica Nueva Esperanza, S.R.L.                   |       | Perú               |
|                                                         |       |                    |
| Soluciones  Energeticas, S.R.L.                              |       | Perú               |
|                                                         |       |                    |
| BPZ  Marine Peru, S.R.L.                                     |       | Perú               |
|                                                         |       |                    |
| BPZ  Lote Z-1 S.R.L.                                         |       | Perú               |
|                                                         |       |                    |
| BPZ  Lote XIX S.R.L.                                         |       | Perú               |
|                                                         |       |                    |
| BPZ  Lote XXII S.R.L.                                   |       | Perú               |
|                                                         |       |                    |
| BPZ  Lote XXIII S.R.L.                                  |       | Perú               |
|                                                         |       |                    |
| BPZ  Energy Ecuador, CIA. LTDA.                              |       | Ecuador                 |
|                                                         |       |                    |
| SMC  Ecuador, Inc., Sucursal Ecuador (5)                |       | Ecuador                 |
|                                                         |       |                    |
| Zenyatta  Business Corporation                               |       | Panama                  |

 

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Notes:

(1)             The Company name was changed to BPZResources, Inc. from BPZ Energy, Inc. on October 11, 2007.

(2)             All subsidiaries are 100% owned, directlyor indirectly.

(3)             Formerly named BPZ Energy, Inc.

(4)             Formerly known as BPZ Energy, Inc.Sucursal Peru, a registered Peruvian branch office of BPZ Energy, Inc.(Texas); was converted into a limited liability business corporation  registered in Peru as BPZ Exploración &Producción, S.R.L. in May 2007.

(5)             SMC Ecuador, Inc., Sucursal Ecuadoris a registered Ecuadorian branch office.

 

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