**Exhibit 21.1**

 

**BPZResources, Inc. (1) (Texas) List of Subsidiaries and BranchesAs of December 31, 2007**

 
| **Name**                                      | ** ** | **Jurisdiction**        |
|-----------------------------------------------|------------|-------------------------|
|                                          |       |                    |
| BPZ  Resources, Inc.(2)                  |       | Texas                   |
|                                          |       |                    |
| BPZ  Marine, Inc.                        |       | Texas                   |
|                                          |       |                    |
| BPZ  Energy, Inc. (3)                    |       | Texas                   |
|                                          |       |                    |
| SMC  Ecuador, Inc.                       |       | Delaware                |
|                                          |       |                    |
| BPZ  Energy International Holdings, LP        |       | British  Virgin Islands |
|                                          |       |                    |
| International  Support, LP                    |       | British  Virgin Islands |
|                                          |       |                    |
| BPZ  Exploracion y Produccion, Srl (3)        |       | Perú               |
|                                          |       |                    |
| BPZ  Empresa Electrica Nueva Esperanza, Srl   |       | Perú               |
|                                          |       |                    |
| BPZ  Soluciones Energeticas, Srl              |       | Perú               |
|                                          |       |                    |
| BPZ  Energy Ecuador, CIA. LTDA.               |       | Ecuador                 |
|                                          |       |                    |
| SMC  Ecuador, Inc., Sucursal Ecuador (4) |       | Ecuador                 |
|                                          |       |                    |

** **

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Notes:

 
| (1)    |   | The Company name was  changed to BPZ Resources, Inc. from BPZ Energy, Inc. on  October 11, 2007.                                                                                                                                          |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                     |
| (2)    |   | Formerly named BPZ Energy, Inc.  (see Note 1) which consummated a merger with Navidec, Inc. on  September 10, 2004.                                                                                                                       |
|   |   |                                                                                                                                                                                                                                                     |
| (3)    |   | Formerly known as BPZ  Energy, Inc., Sucursal Peru, a registered Peruvian branch office of BPZ  Energy, Inc., Texas; was converted into a limited liability company  registered in Peru as BPZ Exploracion y Produccion, Srl in May 2007. |
|   |   |                                                                                                                                                                                                                                                     |
| (4)    |   | SMC Ecuador, Inc.,  Sucursal Ecuador, is a registered Ecuadorian branch office.                                                                                                                                                                     |

 

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