**EXHIBIT 21.1**

 

**BPZ Resources, Inc.(1) (Texas) List of Subsidiaries and Branches (2) As of December 31, 2008**

 

| **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  Energy Ecuador, CIA. LTDA.                              |       | Ecuador                 |
|                                                         |       |                    |
| SMC  Ecuador, Inc., Sucursal Ecuador (5)                |       | Ecuador                 |

 

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Notes:

 

(1)             TheCompany name was changed to BPZ Resources, Inc. from BPZ Energy, Inc.on October 11, 2007.

 

(2)             Allsubsidiaries are 100% owned, directly or indirectly.

 

(3)             Formerlynamed BPZ Energy, Inc.

 

(4)             Formerlyknown as BPZ Energy, Inc. Sucursal Peru, a registered Peruvian branchoffice of BPZ Energy, Inc. (Texas); was converted into a limited liabilitybusiness corporation  registered in Peruas BPZ Exploración & Producción, S.R.L. in May 2007.

 

(5)             SMCEcuador, Inc., Sucursal Ecuador, is a registered Ecuadorian branch office.

 

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