BPZ currently holds one offshore and three onshore blocks in northwest Peru totaling 2.2 million acres. Although the Company was founded only in 2001, its predecessor, BPZ & Associates, Inc., was active for over a dozen years in international consulting and energy project development, and its management and staff for much longer still.

BPZ Energy was founded with the goal of becoming a progressive energy operator in Latin America, applying the latest proven technology to integrated energy projects. The Company quickly established a presence in Peru and Ecuador, countries that BPZ believes are highly attractive for being under-explored for oil and especially gas, both onshore and offshore---despite their history of more than a century of petroleum activity .