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BPZ Resources, Inc. engages in the exploration, development, and production of oil and natural gas in Peru and Ecuador. It has rights and license agreements for oil and gas exploration and production covering approximately 2.4 million acres in northwest Peru. The company's license contracts cover 100% ownership of Block Z-1 covering 739,205 acres; Block XIX that comprises 472,860 acres; Block XXII covering 948,000 acres; and Block XXIII that comprises 248,000 acres. It also owns a 10% non-operating working interest in the Santa Elena property located in the southwest region of Ecuador, as well as focuses on the generation of electricity through its gas-fired power generation facility in Peru. The company was founded in 2001. It was formerly known as BPZ Energy, Inc. and changed its name to BPZ Resources, Inc. in 2007. BPZ Resources is headquartered in Houston, Texas with additional offices in Lima, Peru, and Quito, Ecuador.
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