Heat the olive oil in a wide skillet or paella pan over medium heat.
Add the sliced turkey chorizo and sauté until browned and the oils are released, then remove the chorizo and set aside.
In the same pan, add the diced onion and red bell pepper, cooking until softened, about 4 minutes.
Stir in the minced garlic, smoked paprika, sea salt, and black pepper, cooking for 1 minute until fragrant.
Add the bomba rice to the pan, stirring to coat every grain in the oil and spices.
Pour in the chicken bone broth and add the saffron threads; bring to a gentle simmer and do not stir the rice again to allow a crust to form.
Once the liquid is mostly absorbed (about 12-15 minutes), nestle the shrimp and frozen peas into the rice.
Cover the pan and cook for another 5 minutes until the shrimp are pink and opaque.
Return the chorizo to the pan, remove from heat, and let it rest for 2 minutes.
Serve immediately with a fresh lemon wedge for brightening the flavors.