Start by heating the oil in a pot at high heat, and when the oil is nice and hot, add the bacon and chopped onions.

When the bacon is cooked but not crisp, add the ham.

Once that has browned, add the Sofrito. This must stir fry all together for about 1 minute.

After that has been done add the water, then the peas, the olives, the diced tomatoes, and all the spices, including the envelope of sazon.

At that point, add salt and pepper to taste. Bring this up to a boil then stir in rice.

Once it has began to boil again, lower heat and stir 1 more time, then cover.

Let this cook for about 30 - 40 minutes on a low heat setting, stirring occasionally (every 10 minutes) until the rice is tender. Serve.