Heat the extra virgin olive oil in a wide skillet over medium heat.
Add the diced yellow onion and red bell pepper, sautéing until the vegetables are softened and fragrant.
Stir in the minced garlic and tomato puree, cooking for 2 minutes to develop a deep flavor base.
Add the bomba rice and saffron threads, stirring to coat the grains in the oil and aromatics.
Pour in the seafood stock, season with sea salt and black pepper, and bring to a gentle simmer.
Reduce the heat to low and cook undisturbed for 12 minutes to allow the rice to absorb the liquid.
Nestle the shrimp and cubed cod into the rice, then scatter the frozen peas evenly over the top.
Cover the skillet and cook for 5-7 minutes until the seafood is opaque and the rice is tender.
Garnish with chopped fresh parsley and serve immediately with a fresh lemon wedge.