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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 EOl2mt9Ck2dKNUszgCPmR+t6raH9G9xlwmWhlMitzmkN3mQBDjVqgtCFLy3ratBR
 aSEOrnD06GvZXkt07UdtEA==

<SEC-DOCUMENT>0001179110-05-014077.txt : 20050711
<SEC-HEADER>0001179110-05-014077.hdr.sgml : 20050711
<ACCEPTANCE-DATETIME>20050711130049
ACCESSION NUMBER:		0001179110-05-014077
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050701
FILED AS OF DATE:		20050711
DATE AS OF CHANGE:		20050711

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BPZ ENERGY INC
		CENTRAL INDEX KEY:			0001023734
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				330502730
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		11999 KATY FREEWAY SUITE 560
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77079
		BUSINESS PHONE:		2815566200

	MAIL ADDRESS:	
		STREET 1:		11999 KATY FREEWAY SUITE 560
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77079

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NAVIDEC INC
		DATE OF NAME CHANGE:	19961017

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Lendrum John J III
		CENTRAL INDEX KEY:			0001332447

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-29098
		FILM NUMBER:		05947483

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		(218) 556-6200

	MAIL ADDRESS:	
		STREET 1:		11999 KATY FREEWAY
		STREET 2:		SUITE 560
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77079
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>FORM 3 -
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2005-07-01</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001023734</issuerCik>
        <issuerName>BPZ ENERGY INC</issuerName>
        <issuerTradingSymbol>BPZI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001332447</rptOwnerCik>
            <rptOwnerName>Lendrum John J III</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>11999 KATY FREEWAY</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 560</rptOwnerStreet2>
            <rptOwnerCity>HOUSTON</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>77079</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>50000</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">On July 1, 2005, the Company's Board of Directors approved a grant of 50,000 shares of restricted common stock to Mr. Lendrum related to his appointment as an independent director of the Company.  The restricted common stock will vest in full on the second anniversary of the grant date.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>John J. Lendrum III</signatureName>
        <signatureDate>2005-07-11</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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